Economy

Starbucks opens bathrooms to all visitors after controversy

Starbucks opens bathrooms to all visitors after controversy

Capital International Investors now owns 21,269,515 shares of the coffee company's stock valued at $1,142,386,000 after purchasing an additional 4,696,452 shares in the last quarter. Barrett Asset Management Llc has cut its stake in Visa Inc Com Cl A (NYSE:V) and also reduced its holding in Blackstone Group LP Com Unit (NYSE:BX) by 125,375 shares in the quarter, for a total of 29,004 shares. Taylor Hoffman Wealth Management acquired a new stake in shares of Starbucks in the 4th quarter worth $107,000. By buying 88,420 shares Barrett Asset Management Llc made the stock popped up with 0.28%. Geode Capital Management LLC increased its stake in Starbucks by 1.9% during the 4th quarter. Aviance Capital Prns Limited Liability Company owns 5,536 shares.

Metropolitan Life Insurance Co.

Shares of NASDAQ:SBUX traded down $0.38 on Friday, hitting $57.27. The firm owned 1,966,224 shares of the coffee company's stock after selling 69,156 shares during the period. FTB Advisors Inc.'s holdings in Starbucks were worth $216,000 as of its most recent filing with the Securities and Exchange Commission. The stock of Starbucks Corporation (NASDAQ:SBUX) has "Hold" rating given on Tuesday, October 3 by Stifel Nicolaus. 61% are bullish. With $72.0 highest and $57.0 lowest PT Starbucks Corp has $66.38 average PT or 15.91% above the current ($57.27) price. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.01 and a quick ratio of 0.81. The company has a market capitalization of $78.72 billion, a PE ratio of 27.80, a P/E/G ratio of 1.64 and a beta of 0.63. More interesting news about Starbucks Corporation (NASDAQ:SBUX) were released by: Nasdaq.com and their article: "Nestlé Deal Will Help Starbucks Conquer the World" published on May 07, 2018 as well as Seekingalpha.com's news article titled: "Not A Venti Quarter At Starbucks" with publication date: April 30, 2018. The institutional investor held 106,294 shares of the programming company at the end of 2017Q4, valued at $3.48 million, down from 205,000 at the end of the previous reported quarter. Starbucks had a net margin of 18.71% and a return on equity of 57.76%. The business had revenue of $6.03 billion for the quarter, compared to analysts' expectations of $5.93 billion. During the same quarter a year ago, the business earned $0.45 earnings per share.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 25th. Buffington Mohr Mcneal invested 0.14% of its capital in Starbucks Corporation (NASDAQ:SBUX). This represents a $1.20 annualized dividend and a yield of 2.10%. Starbucks's dividend payout ratio is presently 58.25%.

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In total 18 analysts cover Starbucks Corp (NASDAQ:SBUX). Deutsche Bank reiterated a "buy" rating and issued a $63.00 price target on shares of Starbucks in a report on Friday, January 26th. "Buy" rating has 11, "Sell" are 0, while 7 are "Hold". The stock has a consensus rating of "Buy" and a consensus price target of $64.25.

In related news, insider Clifford Burrows sold 162,826 shares of the firm's stock in a transaction dated Wednesday, January 31st. Following the completion of the transaction, the director now directly owns 39,000 shares in the company, valued at approximately $2,126,280.

Lombard Odier Asset Management Usa Corp decreased its stake in Yandex N V (YNDX) by 48.15% based on its latest 2017Q4 regulatory filing with the SEC. The company was downgraded on Thursday, September 3 by Vetr.


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