D Orazio & Associates Inc. Sells 817 Shares of Starbucks Co. (NASDAQ:SBUX)

D Orazio & Associates Inc. lowered its position in Starbucks Co. (NASDAQ:SBUX) by 19.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,460 shares of the coffee company’s stock after selling 817 shares during the quarter. D Orazio & Associates Inc.’s holdings in Starbucks were worth $269,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in SBUX. Vima LLC bought a new position in Starbucks in the 4th quarter worth about $26,000. Scarborough Advisors LLC purchased a new stake in Starbucks in the fourth quarter valued at approximately $26,000. New Millennium Group LLC bought a new stake in Starbucks during the second quarter valued at approximately $26,000. Stephens Consulting LLC grew its stake in Starbucks by 498.2% in the 2nd quarter. Stephens Consulting LLC now owns 335 shares of the coffee company’s stock worth $26,000 after buying an additional 279 shares in the last quarter. Finally, DSM Capital Partners LLC bought a new position in shares of Starbucks in the 4th quarter worth $27,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on SBUX shares. Baird R W raised shares of Starbucks from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 13th. DZ Bank cut Starbucks from a “hold” rating to a “sell” rating and set a $85.00 price objective for the company. in a report on Wednesday, August 21st. Citigroup raised their price objective on Starbucks from $82.00 to $98.00 and gave the company a “neutral” rating in a report on Wednesday, August 14th. Piper Sandler raised Starbucks from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $85.00 to $103.00 in a research note on Tuesday, August 13th. Finally, Jefferies Financial Group decreased their price target on shares of Starbucks from $84.00 to $80.00 and set a “hold” rating on the stock in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $99.83.

Insider Buying and Selling at Starbucks

In related 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 transaction of $299,916.40. Following the sale, the chief executive officer now directly owns 62,502 shares of the company’s stock, valued at approximately $5,697,682.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Starbucks news, CEO Rachel Ruggeri sold 3,290 shares of the stock in a transaction 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 sale, 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 SEC, which is accessible through the SEC website. Also, CEO Michael Aaron Conway sold 3,250 shares of the business’s stock in a transaction 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 completion of the transaction, the chief executive officer now owns 75,054 shares of the company’s stock, valued at approximately $7,057,327.62. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,790 shares of company stock worth $865,514. 1.98% of the stock is owned by insiders.

Starbucks Price Performance

NASDAQ:SBUX opened at $98.20 on Thursday. The firm’s 50-day moving average price is $83.48 and its 200-day moving average price is $83.86. The company has a market capitalization of $111.28 billion, a PE ratio of 27.05, a P/E/G ratio of 2.18 and a beta of 0.96. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $107.66.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Tuesday, July 30th. The coffee company reported $0.93 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.93. Starbucks had a net margin of 11.16% and a negative return on equity of 49.38%. The business had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $9.25 billion. During the same quarter in the prior year, the company earned $1.00 earnings per share. The business’s revenue was down .6% compared to the same quarter last year. Equities analysts anticipate that Starbucks Co. will post 3.56 EPS for the current fiscal year.

Starbucks Company Profile

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.