2 weeks Ago By Defense World Staff
Silver Lake Advisory LLC bought a new stake in Starbucks Co. ( NASDAQ:SBUX – Free Report ) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,974 shares of the coffee company’s stock, valued at approximately $232,000.
A number of other large investors also recently added to or reduced their stakes in SBUX. Gryphon Financial Partners LLC increased its stake in Starbucks by 96.3% during the fourth quarter.
Gryphon Financial Partners LLC now owns 5,213 shares of the coffee company’s stock worth $508,000 after purchasing an additional 2,558 shares during the period. Evoke Wealth LLC lifted its holdings in Starbucks by 1.6% during the 4th quarter.
Evoke Wealth LLC now owns 10,201 shares of the coffee company’s stock worth $979,000 after buying an additional 164 shares in the last quarter. Carolinas Wealth Consulting LLC boosted its position in Starbucks by 4.9% in the 4th quarter.
Carolinas Wealth Consulting LLC now owns 2,862 shares of the coffee company’s stock valued at $275,000 after buying an additional 133 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Starbucks by 1.4% in the fourth quarter.
Jones Financial Companies Lllp now owns 86,412 shares of the coffee company’s stock worth $8,296,000 after acquiring an additional 1,167 shares in the last quarter. Finally, CWA Asset Management Group LLC increased its position in shares of Starbucks by 40.9% during the fourth quarter.
CWA Asset Management Group LLC now owns 4,708 shares of the coffee company’s stock worth $452,000 after acquiring an additional 1,367 shares during the period. 72.29% of the stock is currently owned by institutional investors and hedge funds.
Starbucks Price Performance Shares of Starbucks stock opened at $97.36 on Monday. The firm’s fifty day simple moving average is $88.
74 and its 200-day simple moving average is $84.15. Starbucks Co.
has a 12 month low of $71.55 and a 12 month high of $107.66.
The stock has a market capitalization of $110.28 billion, a price-to-earnings ratio of 26.82, a PEG ratio of 2.
26 and a beta of 0.96. Insider Activity at Starbucks In other Starbucks news, CEO Rachel Ruggeri sold 3,290 shares of Starbucks stock in a transaction that occurred on Tuesday, August 13th.
The stock was sold at an average price of $91.16, for a total value of $299,916.40.
Following the transaction, the chief executive officer now directly owns 62,502 shares in the company, valued at approximately $5,697,682.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website .
In other news, CEO Michael Aaron Conway sold 3,250 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $94.03, for a total transaction of $305,597.
50. Following the transaction, the chief executive officer now directly owns 75,054 shares in the company, valued at $7,057,327.62.
The sale was disclosed in a document filed with the SEC, which is available at this hyperlink . Also, CEO Rachel Ruggeri sold 3,290 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $91.
16, for a total transaction of $299,916.40. Following the completion of the sale, the chief executive officer now owns 62,502 shares of the company’s stock, valued at approximately $5,697,682.
32. The disclosure for this sale can be found here . 1.
98% of the stock is currently owned by insiders. Analyst Ratings Changes Several research analysts recently commented on SBUX shares. Stifel Nicolaus raised Starbucks from a “hold” rating to a “buy” rating and boosted their target price for the stock from $80.
00 to $110.00 in a research note on Wednesday, August 14th. Bank of America lifted their price objective on Starbucks from $112.
00 to $118.00 and gave the company a “buy” rating in a research note on Wednesday, September 18th. DZ Bank lowered shares of Starbucks from a “hold” rating to a “sell” rating and set a $85.
00 target price on the stock. in a research note on Wednesday, August 21st. Citigroup lifted their price target on shares of Starbucks from $82.
00 to $98.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 14th. Finally, Robert W.
Baird raised shares of Starbucks from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $81.00 to $110.00 in a research report on Tuesday, August 13th.
Two research analysts have rated the stock with a sell rating, ten have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $100.52.
Check Out Our Latest Stock Report on SBUX Starbucks Company Profile ( Free Report ) Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of coffee worldwide. The company operates through three segments: North America, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole beans and ground coffees, single serve products, and ready-to-drink beverages; and various food products, such as pastries, breakfast sandwiches, and lunch items.
Featured Stories Five stocks we like better than Starbucks What is the Australian Securities Exchange (ASX) Simon Property REIT: A Safe Bet for Growth and Steady Dividends Financial Services Stocks Investing CarMax’s Impressive Rally: What Investors Should Watch Next What Are Dividend Champions? How to Invest in the Champions MarketBeat Week in Review – 9/23 – 9/27 Want to see what other hedge funds are holding SBUX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Starbucks Co. ( NASDAQ:SBUX – Free Report ).
Receive News & Ratings for Starbucks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Starbucks and related companies with MarketBeat.com's FREE daily email newsletter ..
