Twelve Points Wealth Management LLC purchased a new stake in shares of Starbucks Co. (NASDAQ:SBUX – Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 7,106 shares of the coffee company’s stock, valued at approximately $693,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SBUX. Scarborough Advisors LLC purchased a new stake in shares of Starbucks in the 4th quarter worth approximately $26,000. Kapitalo Investimentos Ltda raised its holdings in Starbucks by 51.1% in the 4th quarter. Kapitalo Investimentos Ltda now owns 615 shares of the coffee company’s stock worth $59,000 after acquiring an additional 208 shares during the last quarter. Montecito Bank & Trust boosted its stake in Starbucks by 13.5% during the 1st quarter. Montecito Bank & Trust now owns 7,568 shares of the coffee company’s stock valued at $692,000 after purchasing an additional 901 shares during the last quarter. Banque Cantonale Vaudoise increased its holdings in shares of Starbucks by 26.4% in the 1st quarter. Banque Cantonale Vaudoise now owns 43,220 shares of the coffee company’s stock worth $3,950,000 after purchasing an additional 9,014 shares in the last quarter. Finally, Cox Capital Mgt LLC raised its stake in shares of Starbucks by 41.9% in the first quarter. Cox Capital Mgt LLC now owns 45,322 shares of the coffee company’s stock worth $4,142,000 after purchasing an additional 13,372 shares during the last quarter. 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 stock in a transaction 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 sale, the chief executive officer now directly owns 62,502 shares in the company, valued at approximately $5,697,682.32. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Jorgen Vig Knudstorp purchased 380 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was acquired at an average price of $91.50 per share, for a total transaction of $34,770.00. Following the acquisition, the director now directly owns 36,242 shares of the company’s stock, valued at $3,316,143. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rachel Ruggeri sold 3,290 shares of Starbucks 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 trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.98% of the company’s stock.
Analyst Ratings Changes
Check Out Our Latest Report on SBUX
Starbucks Stock Up 0.4 %
Shares of Starbucks stock opened at $95.46 on Thursday. The business has a 50-day moving average price of $94.08 and a 200 day moving average price of $84.62. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $107.66. The firm has a market cap of $108.13 billion, a PE ratio of 26.30, a P/E/G ratio of 2.06 and a beta of 0.97.
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 firm had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $9.25 billion. Starbucks had a negative return on equity of 49.38% and a net margin of 11.16%. The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the firm earned $1.00 earnings per share. On average, sell-side analysts expect that Starbucks Co. will post 3.55 EPS for the current 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.
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