58,530 Shares in Starbucks Co. (SBUX) Acquired by Banco Santander S.A.

Banco Santander S.A. purchased a new stake in Starbucks Co. (NASDAQ:SBUX) during the fourth quarter, Holdings Channel reports. The firm purchased 58,530 shares of the coffee company’s stock, valued at approximately $3,069,000.

Other hedge funds also recently bought and sold shares of the company. State Street Corp increased its position in Starbucks by 3.5% in the fourth quarter. State Street Corp now owns 59,223,992 shares of the coffee company’s stock worth $3,288,120,000 after buying an additional 1,977,545 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in Starbucks by 3.0% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 40,448,352 shares of the coffee company’s stock worth $2,189,874,000 after buying an additional 1,179,660 shares during the last quarter. Capital World Investors increased its position in Starbucks by 30.3% in the third quarter. Capital World Investors now owns 34,697,636 shares of the coffee company’s stock worth $1,878,530,000 after buying an additional 8,071,610 shares during the last quarter. BlackRock Fund Advisors increased its position in Starbucks by 3.6% in the third quarter. BlackRock Fund Advisors now owns 19,953,185 shares of the coffee company’s stock worth $1,080,265,000 after buying an additional 693,461 shares during the last quarter. Finally, Morgan Stanley increased its position in Starbucks by 10.2% in the third quarter. Morgan Stanley now owns 16,396,370 shares of the coffee company’s stock worth $887,697,000 after buying an additional 1,522,028 shares during the last quarter. Institutional investors own 68.49% of the company’s stock.

Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

Shares of Starbucks Co. (NASDAQ:SBUX) opened at 57.23 on Tuesday. The firm has a market cap of $83.41 billion, a PE ratio of 29.35 and a beta of 0.79. Starbucks Co. has a 12 month low of $50.84 and a 12 month high of $61.64. The stock’s 50 day moving average is $56.19 and its 200 day moving average is $55.70.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Thursday, January 26th. The coffee company reported $0.52 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.52. The firm had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.85 billion. Starbucks had a net margin of 13.30% and a return on equity of 51.45%. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.46 earnings per share. Analysts forecast that Starbucks Co. will post $2.13 EPS for the current fiscal year.

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A number of research firms have recently commented on SBUX. Telsey Advisory Group began coverage on shares of Starbucks in a report on Monday. They set an “outperform” rating and a $66.00 price objective for the company. Wells Fargo & Co reaffirmed an “outperform” rating and set a $65.00 price objective on shares of Starbucks in a report on Monday, March 20th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $66.00 price objective on shares of Starbucks in a report on Monday, March 13th. Wedbush reaffirmed an “outperform” rating and set a $65.00 price objective on shares of Starbucks in a report on Monday, March 13th. Finally, Credit Suisse Group AG reaffirmed a “neutral” rating on shares of Starbucks in a report on Friday, March 10th. Eight research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company. Starbucks has a consensus rating of “Buy” and an average price target of $63.95.

In other Starbucks news, Director Joshua Cooper Ramo sold 5,868 shares of the stock in a transaction dated Tuesday, January 31st. The shares were sold at an average price of $55.23, for a total transaction of $324,089.64. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.40% of the company’s stock.

About Starbucks

Starbucks Corporation (Starbucks) is a roaster, marketer and retailer of coffee. As of October 2, 2016, the Company operated in 75 countries. The Company operates through four segments: Americas, which is inclusive of the United States, Canada, and Latin America; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA), and Channel Development.

5 Day Chart for NASDAQ:SBUX

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