Starbucks Co. (SBUX) Shares Sold by Aperio Group LLC

Aperio Group LLC lowered its position in Starbucks Co. (NASDAQ:SBUX) by 6.0% during the third quarter, Holdings Channel reports. The fund owned 756,395 shares of the coffee company’s stock after selling 48,574 shares during the quarter. Aperio Group LLC’s holdings in Starbucks were worth $42,993,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Archford Capital Strategies LLC boosted its holdings in Starbucks by 669.7% in the second quarter. Archford Capital Strategies LLC now owns 2,186 shares of the coffee company’s stock valued at $107,000 after acquiring an additional 1,902 shares during the last quarter. Fort L.P. acquired a new position in Starbucks in the second quarter valued at $112,000. Point72 Hong Kong Ltd acquired a new position in Starbucks in the second quarter valued at $115,000. RPg Family Wealth Advisory LLC boosted its holdings in Starbucks by 155.6% in the second quarter. RPg Family Wealth Advisory LLC now owns 2,748 shares of the coffee company’s stock valued at $134,000 after acquiring an additional 1,673 shares during the last quarter. Finally, Chicago Partners Investment Group LLC boosted its holdings in Starbucks by 52.5% in the second quarter. Chicago Partners Investment Group LLC now owns 2,941 shares of the coffee company’s stock valued at $144,000 after acquiring an additional 1,013 shares during the last quarter. Hedge funds and other institutional investors own 72.02% of the company’s stock.

SBUX has been the topic of a number of research analyst reports. Wedbush reduced their target price on Starbucks from $54.00 to $53.00 and set a “neutral” rating on the stock in a report on Friday, July 27th. BidaskClub raised Starbucks from a “hold” rating to a “buy” rating in a research report on Wednesday, September 12th. Bank of America raised their price objective on Starbucks from $57.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday, October 10th. Zacks Investment Research lowered Starbucks from a “hold” rating to a “sell” rating in a research report on Friday, September 28th. Finally, KeyCorp started coverage on Starbucks in a research report on Wednesday, October 3rd. They issued an “overweight” rating and a $65.00 price objective on the stock. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $60.48.

In other news, insider Rosalind G. Brewer purchased 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 20th. The stock was acquired at an average cost of $54.04 per share, for a total transaction of $270,200.00. Following the completion of the purchase, the insider now owns 7,302 shares of the company’s stock, valued at $394,600.08. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Myron E. Ullman III sold 15,000 shares of Starbucks stock in a transaction dated Friday, August 3rd. The stock was sold at an average price of $52.13, for a total value of $781,950.00. Following the completion of the transaction, the director now owns 29,000 shares of the company’s stock, valued at $1,511,770. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 295,832 shares of company stock worth $15,834,037. Corporate insiders own 3.40% of the company’s stock.

Shares of NASDAQ SBUX opened at $58.66 on Friday. Starbucks Co. has a 1 year low of $47.37 and a 1 year high of $61.94. The stock has a market cap of $79.73 billion, a PE ratio of 28.48, a price-to-earnings-growth ratio of 1.61 and a beta of 0.60. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.76 and a current ratio of 1.01.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Thursday, July 26th. The coffee company reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.02. Starbucks had a return on equity of 67.11% and a net margin of 18.87%. The business had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.25 billion. During the same period in the previous year, the company earned $0.55 earnings per share. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. Equities research analysts anticipate that Starbucks Co. will post 2.4 earnings per share for the current year.

Starbucks Profile

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink coffee and tea products, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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