2 weeks Ago By Defense World Staff
APG Asset Management N.V. trimmed its position in shares of Starbucks Co.
( NASDAQ:SBUX – Free Report ) by 2.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,531,696 shares of the coffee company’s stock after selling 45,953 shares during the period.
APG Asset Management N.V. owned 0.
14% of Starbucks worth $111,260,000 at the end of the most recent reporting period. A number of other institutional investors and hedge funds have also modified their holdings of SBUX. Alley Investment Management Company LLC increased its stake in Starbucks by 1.
1% in the 2nd quarter. Alley Investment Management Company LLC now owns 144,115 shares of the coffee company’s stock valued at $11,219,000 after buying an additional 1,620 shares during the period. Fred Alger Management LLC grew its holdings in shares of Starbucks by 3.
7% during the 2nd quarter. Fred Alger Management LLC now owns 42,650 shares of the coffee company’s stock valued at $3,320,000 after acquiring an additional 1,503 shares in the last quarter. Sfmg LLC increased its stake in shares of Starbucks by 3.
0% in the second quarter. Sfmg LLC now owns 38,452 shares of the coffee company’s stock worth $2,994,000 after acquiring an additional 1,109 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Starbucks by 59.
9% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 216,867 shares of the coffee company’s stock worth $16,883,000 after acquiring an additional 81,233 shares in the last quarter. Finally, Semmax Financial Advisors Inc.
boosted its position in Starbucks by 12.9% during the second quarter. Semmax Financial Advisors Inc.
now owns 60,333 shares of the coffee company’s stock valued at $4,697,000 after purchasing an additional 6,916 shares during the last quarter. Hedge funds and other institutional investors own 72.29% of the company’s stock.
Insider Buying and Selling In other news, Director Jorgen Vig Knudstorp acquired 380 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was purchased at an average cost of $91.50 per share, for a total transaction of $34,770.
00. Following the acquisition, the director now owns 36,242 shares of the company’s stock, valued at $3,316,143. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink .
In related news, CEO Michael Aaron Conway sold 3,250 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $94.03, for a total value of $305,597.
50. Following the completion of the transaction, the chief executive officer now directly owns 75,054 shares of the company’s stock, valued at $7,057,327.62.
The transaction was disclosed in a legal filing with the SEC, which is available through this link . Also, Director Jorgen Vig Knudstorp purchased 380 shares of Starbucks stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average cost of $91.
50 per share, for a total transaction of $34,770.00. Following the completion of the purchase, the director now owns 36,242 shares of the company’s stock, valued at $3,316,143.
The disclosure for this purchase can be found here . 1.98% of the stock is owned by company insiders.
Analysts Set New Price Targets Check Out Our Latest Report on SBUX Starbucks Stock Up 1.9 % Shares of SBUX stock opened at $97.47 on Friday.
Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $107.
66. The company has a market cap of $110.45 billion, a price-to-earnings ratio of 26.
85, a price-to-earnings-growth ratio of 2.29 and a beta of 0.96.
The firm has a 50 day moving average of $87.91 and a 200-day moving average of $84.13.
Starbucks ( NASDAQ:SBUX – Get Free Report ) last issued its quarterly earnings data on Tuesday, July 30th. The coffee company reported $0.93 EPS for the quarter, hitting analysts’ consensus estimates of $0.
93. Starbucks had a negative return on equity of 49.38% and a net margin of 11.
16%. The firm had revenue of $9.11 billion during the quarter, compared to analyst estimates of $9.
25 billion. During the same period in the previous year, the company posted $1.00 EPS.
The company’s revenue for the quarter was down .6% on a year-over-year basis. Analysts anticipate that Starbucks Co.
will post 3.56 earnings per share for the current year. About Starbucks ( 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. See Also Five stocks we like better than Starbucks Find and Profitably Trade Stocks at 52-Week Lows Rocket Lab Stock Soars: Should Investors Chase the Rally? 3 Tickers Leading a Meme Stock Revival KB Home Slips After Earnings: What’s Next for Homebuilders? Special Purpose Acquisition Company (SPAC) What You Need to Know Micron Stock Soars as AI Demand Fuels Big Q4 Earnings Beat 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.
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