(SBUX) Shares Sold by Investment Centers of America Inc

Lena Tucker
January 28, 2018

"Starbucks beat on earnings per share, which is great, but they missed on topline revenue and on same store sales in the United States. and in Europe - a bad sign and that's why the stock is down right now", TD Ameritrade chief market strategist JJ Kinahan told Business Insider. Morgan Stanley restated an "overweight" rating and issued a $62.00 price target on shares of Starbucks in a research report on Wednesday, October 4th.

Looking at the chart above, SBUX's low point in its 52 week range is $52.58 per share, with $64.87 as the 52 week high point - that compares with a last trade of $57.71. The stock of Starbucks Corporation (NASDAQ:SBUX) earned "Hold" rating by Deutsche Bank on Wednesday, November 2. The stock has "Buy" rating by Robert W. Baird on Monday, June 5.

Because it will spend less on taxes, Starbucks said it now expects full-year earnings between $2.48 per share and $2.53 per share, up from its previous forecast between $2.30 per share and $2.33 per share. UBS Group decreased their target price on shares of Starbucks from $67.00 to $64.00 and set a "buy" rating on the stock in a research report on Friday, November 3rd.

Bronfman E.L. Rothschild L.P. grew its position in shares of Starbucks Co. The company had revenue of $6.07 billion for the quarter, compared to analyst estimates of $6.19 billion. The rating was downgraded by Argus Research on Friday, February 10 to "Hold". The institutional investor owned 27,282 shares of the coffee company's stock after purchasing an additional 1,676 shares during the quarter. Jacobi Capital Management LLC boosted its position in shares of Starbucks by 6.9% during the second quarter. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Campbell And Company Inv Adviser Llc has 0.21% invested in SM Energy Company (NYSE:SM) for 14,705 shares. The stock's short float is around of 2.21% and short ratio is 3.38. ULLMAN MYRON E III also sold $1.23 million worth of Starbucks Corporation (NASDAQ:SBUX) on Thursday, September 7. The ROI is 28.80% and the return on equity for organization is stated earlier, however, its current value is strolling at 50.80% now.The return on assets (ROA) for Starbucks Corporation is 20.20%. The stock of Starbucks Corporation (NASDAQ:SBUX) earned "Outperform" rating by Wedbush on Wednesday, September 28.

Several hedge funds and other institutional investors have recently modified their holdings of the company. The stock was sold at an average price of $59.43, for a total value of $3,565,800.00. It also reduced its holding in Anheuser Busch Inbev Adr (NYSE:BUD) by 2,952 shares in the quarter, leaving it with 7,885 shares, and cut its stake in 3M Co (NYSE:MMM).

Starbucks reported earnings that beat Wall Street's expectations on Thursday, yet the stock slumped almost 4% after-hours. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 57 cents per share. Bridger Management Llc bought 8,154 shares as the company's stock rose 11.38% with the market.

Starbucks also announced a dividend of $0.30 per share representing a 2.1% dividend yield. Starbucks Corporation had 92 analyst reports since July 28, 2015 according to SRatingsIntel. Starbucks Corp.'s payout ratio is presently 52.63%. When we divide the last trade volume by the 3-month average volume, we found out a relative volume of 1.32.

In related news, Director Joshua Cooper Ramo sold 60,000 shares of Starbucks stock in a transaction that occurred on Thursday, December 7th. The firm has fifty days moving average percentage of 4.10% to its latest price change. The company has 964.28M shares outstanding with 0.09% insider ownership. "(SBUX) Shares Sold by Investment Centers of America Inc." was originally published by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this piece of content on another website, it was stolen and reposted in violation of US & global copyright law. The company has market cap of $2.84 billion.

The market capitalization of Starbucks Corporation is at $86.31 Billion. Analysts soured on holiday sales that showed sales growth of 2% in the Americas, 1% in China and Pacific, and a 1% dip in Europe, the Middle East, and Africa.

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