2 weeks Ago By ABMN Staff
Aviso Wealth Management lessened its holdings in shares of Starbucks Co. ( NASDAQ:SBUX – Free Report ) by 23.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission.
The firm owned 20,496 shares of the coffee company’s stock after selling 6,398 shares during the quarter. Starbucks accounts for approximately 0.9% of Aviso Wealth Management’s holdings, making the stock its 23rd largest holding.
Aviso Wealth Management’s holdings in Starbucks were worth $1,596,000 at the end of the most recent quarter. Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Cox Capital Mgt LLC lifted its holdings in shares of Starbucks by 41.
9% during the 1st quarter. Cox Capital Mgt LLC now owns 45,322 shares of the coffee company’s stock valued at $4,142,000 after purchasing an additional 13,372 shares in the last quarter. Brevan Howard Capital Management LP bought a new position in Starbucks in the fourth quarter valued at approximately $2,781,000.
Sanibel Captiva Trust Company Inc. acquired a new position in shares of Starbucks in the fourth quarter valued at approximately $31,246,000. Fidelis Capital Partners LLC increased its position in shares of Starbucks by 18.
7% during the first quarter. Fidelis Capital Partners LLC now owns 11,116 shares of the coffee company’s stock worth $1,016,000 after acquiring an additional 1,751 shares in the last quarter. Finally, TKG Advisors LLC increased its position in shares of Starbucks by 4.
6% during the fourth quarter. TKG Advisors LLC now owns 19,503 shares of the coffee company’s stock worth $1,873,000 after acquiring an additional 860 shares in the last quarter. 72.
29% of the stock is currently owned by institutional investors. Starbucks Stock Down 0.1 % SBUX opened at $97.
36 on Friday. Starbucks Co. has a 12-month low of $71.
55 and a 12-month high of $107.66. The business has a 50 day moving average of $88.
74 and a 200-day moving average of $84.20. The stock has a market cap 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 Buying and Selling In other Starbucks news, CEO Rachel Ruggeri sold 3,290 shares of the stock in a transaction dated Tuesday, August 13th. The shares were 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 of the company’s stock, valued at approximately $5,697,682.
32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink . In other news, CEO Rachel Ruggeri sold 3,290 shares of the company’s 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 owns 62,502 shares of the company’s stock, valued at $5,697,682.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website .
Also, CEO Michael Aaron Conway sold 3,250 shares of Starbucks stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $94.03, for a total value of $305,597.
50. Following the sale, the chief executive officer now directly owns 75,054 shares of the company’s stock, valued at $7,057,327.62.
The disclosure for this sale can be found here . 1.98% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades A number of brokerages recently weighed in on SBUX. Sanford C. Bernstein raised shares of Starbucks from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $92.
00 to $115.00 in a research note on Thursday. TD Cowen reaffirmed a “buy” rating and set a $110.
00 price objective on shares of Starbucks in a research report on Thursday, September 12th. JPMorgan Chase & Co. dropped their target price on Starbucks from $92.
00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 10th. Wedbush restated a “neutral” rating and issued a $80.
00 target price on shares of Starbucks in a research note on Tuesday, August 13th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Starbucks from a “hold” rating to a “buy” rating and raised their price target for the stock from $85.00 to $118.
00 in a research note on Wednesday, August 14th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Starbucks has a consensus rating of “Moderate Buy” and a consensus target price of $100.
52. Read Our Latest Report on Starbucks 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. Featured Articles 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 .
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