Starbucks responds to viral video showing arrest at Philadelphia store


On average, analysts expect that Starbucks Corporation will post $2.13 earnings per share for the current fiscal year. The institutional investor owned 9,642 shares of the coffee company's stock after buying an additional 6,490 shares during the quarter. Honeywell International Inc. lifted its holdings in Starbucks by 11.9% during the third quarter. Geode Capital Management LLC now owns 17,008,111 shares of the coffee company's stock worth $974,952,000 after buying an additional 319,533 shares during the last quarter. Taylor Hoffman Wealth Management acquired a new stake in shares of Starbucks during the fourth quarter worth $107,000. Buffington Mohr McNeal now owns 2,142 shares of the coffee company's stock valued at $115,000 after buying an additional 17 shares in the last quarter.

A number of other equities research analysts have also recently commented on SBUX. On Friday, July 28 the stock rating was downgraded by Stifel Nicolaus to "Hold". The stock of Starbucks Corporation (NASDAQ:SBUX) earned "Hold" rating by Barclays Capital on Friday, January 26. Morgan Stanley maintained the shares of SBUX in report on Friday, November 10 with "Overweight" rating. "What did they get called for?" he asks. Telsey Advisory Group restated an "outperform" rating and set a $70.00 target price (up previously from $66.00) on shares of Starbucks in a report on Friday, January 19th. The rating was maintained by Scotia Capital on Tuesday, January 30 with "Hold". The Kansas-based Dean Capital Management has invested 1.03% in the stock. They issued a "buy" rating for the company.

Shares of Starbucks stock opened at $59.24 on Friday. Starbucks Co. has a 1 year low of $52.58 and a 1 year high of $64.87. The stock has a market capitalization of $83.58 billion, a PE ratio of 29.41 and a beta of 0.79.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Thursday, January 25th. Honeywell International Inc. increased its position in shares of Starbucks by 11.9% during the 3rd quarter. The firm had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.85 billion. Another trade for 50,000 shares valued at $3.50 million was sold by BURKE ZANE M. On Wednesday, March 7 the insider ILLIG CLIFFORD W sold $19.85 million. Following the transaction, the director now owns 26,500 shares of the company's stock, valued at approximately $1,592,650. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Starbucks is also looking into the matter, the company said in multiple Twitter replies to people expressing outrage over the incident. The stock was sold at an average price of $54.52, for a total value of $1,363,000.00. Riggs Asset Managment Company invested in 36,113 shs or 0.84% of the stock. The disclosure for this sale can be found here.

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