Aspiriant LLC Sells 1,075 Shares of Starbucks Co. (SBUX)

Aspiriant LLC cut its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 20.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,211 shares of the coffee company’s stock after selling 1,075 shares during the quarter. Aspiriant LLC’s holdings in Starbucks were worth $241,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. increased its holdings in shares of Starbucks by 6.6% during the 1st quarter. Principal Financial Group Inc. now owns 5,043,587 shares of the coffee company’s stock valued at $291,975,000 after purchasing an additional 312,720 shares in the last quarter. Cibc Bank USA increased its holdings in shares of Starbucks by 3.1% during the 2nd quarter. Cibc Bank USA now owns 63,454 shares of the coffee company’s stock valued at $3,099,000 after purchasing an additional 1,931 shares in the last quarter. Washington Trust Bank increased its holdings in shares of Starbucks by 1.2% during the 2nd quarter. Washington Trust Bank now owns 148,043 shares of the coffee company’s stock valued at $7,232,000 after purchasing an additional 1,762 shares in the last quarter. New England Research & Management Inc. increased its holdings in shares of Starbucks by 30.2% during the 2nd quarter. New England Research & Management Inc. now owns 31,475 shares of the coffee company’s stock valued at $1,538,000 after purchasing an additional 7,300 shares in the last quarter. Finally, First Financial Bank Trust Division increased its holdings in shares of Starbucks by 9.9% during the 2nd quarter. First Financial Bank Trust Division now owns 87,866 shares of the coffee company’s stock valued at $4,292,000 after purchasing an additional 7,949 shares in the last quarter. 71.86% of the stock is owned by institutional investors.

In other Starbucks news, Director Myron E. Ullman III sold 15,000 shares of Starbucks stock in a transaction on Friday, August 3rd. The shares were sold at an average price of $52.13, for a total transaction of $781,950.00. Following the sale, the director now owns 29,000 shares of the company’s stock, valued at approximately $1,511,770. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Rosalind G. Brewer bought 5,000 shares of the stock in a transaction on Monday, August 20th. The shares were acquired at an average cost of $54.04 per share, for a total transaction of $270,200.00. Following the purchase, the insider now owns 7,302 shares in the company, valued at $394,600.08. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 295,832 shares of company stock worth $15,834,037. 3.48% of the stock is currently owned by corporate insiders.



Starbucks stock opened at $58.37 on Tuesday. Starbucks Co. has a 1 year low of $47.37 and a 1 year high of $61.94. The firm has a market capitalization of $78.34 billion, a P/E ratio of 28.33, a P/E/G ratio of 1.58 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.

Several research firms have recently weighed in on SBUX. Telsey Advisory Group lifted their target price on shares of Starbucks from $58.00 to $62.00 and gave the company an “outperform” rating in a report on Monday. ValuEngine raised shares of Starbucks from a “hold” rating to a “buy” rating in a report on Friday. Wells Fargo & Co lifted their target price on shares of Starbucks from $60.00 to $64.00 and gave the company an “outperform” rating in a report on Wednesday, October 17th. BidaskClub raised shares of Starbucks from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 17th. Finally, Bank of America lifted their target price on shares of Starbucks from $57.00 to $64.00 and gave the company a “buy” rating in a report on Wednesday, October 10th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $60.62.

Starbucks Company 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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