2 weeks Ago By Defense World Staff
Creative Planning lowered its position in shares of Starbucks Co. ( NASDAQ:SBUX – Free Report ) by 0.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
The fund owned 438,689 shares of the coffee company’s stock after selling 3,405 shares during the quarter. Creative Planning’s holdings in Starbucks were worth $34,205,000 as of its most recent SEC filing. A number of other hedge funds have also made changes to their positions in the company.
Versant Capital Management Inc raised its holdings in shares of Starbucks by 7.9% during the first quarter. Versant Capital Management Inc now owns 1,659 shares of the coffee company’s stock valued at $152,000 after acquiring an additional 122 shares during the last quarter.
Astoria Portfolio Advisors LLC. raised its holdings in shares of Starbucks by 2.0% during the first quarter.
Astoria Portfolio Advisors LLC. now owns 6,393 shares of the coffee company’s stock valued at $544,000 after acquiring an additional 127 shares during the last quarter. Carolinas Wealth Consulting LLC raised its holdings in shares of Starbucks by 4.
9% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 2,862 shares of the coffee company’s stock valued at $275,000 after acquiring an additional 133 shares during the last quarter. Edge Capital Group LLC raised its holdings in shares of Starbucks by 3.
4% during the fourth quarter. Edge Capital Group LLC now owns 4,062 shares of the coffee company’s stock valued at $390,000 after acquiring an additional 134 shares during the last quarter. Finally, M&R Capital Management Inc.
raised its holdings in shares of Starbucks by 30.9% during the second quarter. M&R Capital Management Inc.
now owns 567 shares of the coffee company’s stock valued at $44,000 after acquiring an additional 134 shares during the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.
Starbucks Price Performance Starbucks stock opened at $97.36 on Monday. Starbucks Co.
has a 1-year low of $71.55 and a 1-year high of $107.66.
The stock has a market cap of $110.28 billion, a PE ratio of 26.82, a P/E/G ratio of 2.
26 and a beta of 0.96. The stock’s fifty day moving average is $88.
74 and its two-hundred day moving average is $84.15. Insider Transactions at Starbucks In other news, Director Jorgen Vig Knudstorp bought 380 shares of the business’s stock in a transaction dated Friday, September 6th.
The shares were acquired at an average price of $91.50 per share, for a total transaction of $34,770.00.
Following the completion of the transaction, the director now owns 36,242 shares of the company’s stock, valued at $3,316,143. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink . In related news, CEO Michael Aaron Conway sold 3,250 shares of the firm’s stock in a transaction dated Thursday, August 15th.
The stock was sold at an average price of $94.03, for a total transaction of $305,597.50.
Following the transaction, the chief executive officer now owns 75,054 shares of the company’s stock, valued at $7,057,327.62. The transaction was disclosed in a filing with the SEC, which is accessible through this link .
Also, Director Jorgen Vig Knudstorp purchased 380 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were bought 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 disclosure for this purchase can be found here .
Insiders own 1.98% of the company’s stock. Analyst Upgrades and Downgrades Several equities research analysts recently commented on the company.
Robert W. Baird raised Starbucks from a “neutral” rating to an “outperform” rating and increased their price target for the company from $81.00 to $110.
00 in a report on Tuesday, August 13th. Piper Sandler raised Starbucks from a “neutral” rating to an “overweight” rating and increased their price target for the company from $85.00 to $103.
00 in a report on Tuesday, August 13th. Citigroup increased their price target on Starbucks from $82.00 to $98.
00 and gave the company a “neutral” rating in a report on Wednesday, August 14th. The Goldman Sachs Group started coverage on Starbucks in a research report on Thursday, June 13th. They issued a “buy” rating and a $100.
00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft upgraded Starbucks from a “hold” rating to a “buy” rating and increased their price objective for the stock from $85.00 to $118.
00 in a research report on Wednesday, August 14th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.
com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $100.52. Read Our Latest Research 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. Recommended Stories Five stocks we like better than Starbucks Best ESG Stocks: 11 Best Stocks for ESG Investing Simon Property REIT: A Safe Bet for Growth and Steady Dividends 3 Stocks to Consider Buying in October CarMax’s Impressive Rally: What Investors Should Watch Next Investing in Commodities: What Are They? How to Invest in Them MarketBeat Week in Review – 9/23 – 9/27 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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