Starbucks Co. (SBUX) Shares Sold by Sawtooth Solutions LLC

Sawtooth Solutions LLC lowered its position in Starbucks Co. (NASDAQ:SBUX) by 18.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,802 shares of the coffee company’s stock after selling 1,820 shares during the quarter. Sawtooth Solutions LLC’s holdings in Starbucks were worth $443,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Archford Capital Strategies LLC boosted its stake in shares of Starbucks by 669.7% during 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. Polaris Greystone Financial Group LLC acquired a new stake in shares of Starbucks during the third quarter valued at $107,000. Fort L.P. acquired a new stake in shares of Starbucks during the second quarter valued at $112,000. Point72 Hong Kong Ltd acquired a new stake in shares of Starbucks during the second quarter valued at $115,000. Finally, RPg Family Wealth Advisory LLC boosted its stake in shares of Starbucks by 155.6% during 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. Institutional investors and hedge funds own 71.86% of the company’s stock.

Shares of NASDAQ:SBUX opened at $58.59 on Wednesday. The stock has a market cap of $78.34 billion, a P/E ratio of 28.44, a P/E/G ratio of 1.59 and a beta of 0.60. The company has a current ratio of 1.01, a quick ratio of 0.76 and a debt-to-equity ratio of 1.54. Starbucks Co. has a one year low of $47.37 and a one year high of $61.94.



In other Starbucks news, insider Rosalind G. Brewer acquired 5,000 shares of the company’s stock in a transaction on Monday, August 20th. The shares were bought at an average cost of $54.04 per share, for a total transaction of $270,200.00. Following the acquisition, the insider now directly owns 7,302 shares of the company’s stock, valued at $394,600.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Myron E. Ullman III sold 15,000 shares of Starbucks stock in a transaction that occurred on Friday, August 3rd. The stock was sold at an average price of $52.13, for a total value of $781,950.00. Following the sale, the director now owns 29,000 shares in the company, valued at $1,511,770. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 295,832 shares of company stock worth $15,834,037. Company insiders own 3.48% of the company’s stock.

SBUX has been the topic of a number of analyst reports. ValuEngine lowered Starbucks from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 4th. DZ Bank raised Starbucks from a “sell” rating to a “hold” rating and decreased their price objective for the company from $52.00 to $48.00 in a research note on Friday, July 6th. Royal Bank of Canada decreased their price target on Starbucks to $58.00 and set an “outperform” rating on the stock in a research note on Monday, July 16th. They noted that the move was a valuation call. Telsey Advisory Group decreased their price target on Starbucks from $60.00 to $58.00 and set a “market perform” rating on the stock in a research note on Tuesday, July 17th. Finally, Barclays decreased their price target on Starbucks from $60.00 to $57.00 and set a “$51.15” rating on the stock in a research note on Wednesday, July 18th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price 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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