2 weeks Ago By ABMN Staff
EP Wealth Advisors LLC decreased its position in Starbucks Co. ( NASDAQ:SBUX – Free Report ) by 87.6% during the second quarter, HoldingsChannel.
com reports. The fund owned 77,945 shares of the coffee company’s stock after selling 549,954 shares during the quarter. EP Wealth Advisors LLC’s holdings in Starbucks were worth $6,068,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of SBUX. Cox Capital Mgt LLC grew its stake in shares of Starbucks by 41.9% in the 1st quarter.
Cox Capital Mgt LLC now owns 45,322 shares of the coffee company’s stock worth $4,142,000 after buying an additional 13,372 shares in the last quarter. Brevan Howard Capital Management LP purchased a new stake in Starbucks during the fourth quarter valued at approximately $2,781,000. Sanibel Captiva Trust Company Inc.
bought a new position in shares of Starbucks during the 4th quarter valued at approximately $31,246,000. Fidelis Capital Partners LLC raised its holdings in Starbucks by 18.7% during the 1st quarter.
Fidelis Capital Partners LLC now owns 11,116 shares of the coffee company’s stock valued at $1,016,000 after buying an additional 1,751 shares during the period. Finally, TKG Advisors LLC boosted its stake in 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 buying an additional 860 shares during the period. 72.29% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Starbucks In other news, CEO Rachel Ruggeri sold 3,290 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $91.16, for a total transaction of $299,916.
40. Following the sale, the chief executive officer now owns 62,502 shares of the company’s stock, valued at approximately $5,697,682.32.
The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website . In other Starbucks news, CEO Rachel Ruggeri sold 3,290 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $91.
16, for a total transaction of $299,916.40. Following the transaction, the chief executive officer now owns 62,502 shares in the company, valued at $5,697,682.
32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website . Also, CEO Michael Aaron Conway sold 3,250 shares of Starbucks stock in a transaction on Thursday, August 15th.
The shares were sold at an average price of $94.03, for a total transaction of $305,597.50.
Following the completion of the sale, the chief executive officer now directly owns 75,054 shares in the company, valued at approximately $7,057,327.62. The disclosure for this sale can be found here .
1.98% of the stock is owned by company insiders. Starbucks Trading Up 0.
1 % Starbucks ( NASDAQ:SBUX – Get Free Report ) last posted its quarterly earnings results on Tuesday, July 30th. The coffee company reported $0.93 EPS for the quarter, meeting the consensus estimate of $0.
93. The company had revenue of $9.11 billion for the quarter, compared to analyst estimates of $9.
25 billion. Starbucks had a net margin of 11.16% and a negative return on equity of 49.
38%. The firm’s revenue was down .6% on a year-over-year basis.
During the same period in the prior year, the company earned $1.00 earnings per share. Analysts forecast that Starbucks Co.
will post 3.56 EPS for the current year. Wall Street Analysts Forecast Growth SBUX has been the subject of several analyst reports.
Stifel Nicolaus upgraded shares of Starbucks from a “hold” rating to a “buy” rating and raised their target price for the stock from $80.00 to $110.00 in a report on Wednesday, August 14th.
BMO Capital Markets upped their price target on shares of Starbucks from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Monday, September 9th.
Citigroup boosted their price objective on shares of Starbucks from $82.00 to $98.00 and gave the company a “neutral” rating in a research report on Wednesday, August 14th.
TD Cowen reiterated a “buy” rating and issued a $110.00 price target on shares of Starbucks in a report on Thursday, September 12th. Finally, Wedbush reaffirmed a “neutral” rating and set a $80.
00 target price on shares of Starbucks in a research report on Tuesday, August 13th. Two equities research 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.
com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $101.12. Read Our Latest Report on Starbucks Starbucks 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. Further Reading 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.
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