We Are One Seven LLC Has $931,000 Holdings in Starbucks Co. (NASDAQ:SBUX)

We Are One Seven LLC lessened its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 42.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,527 shares of the coffee company’s stock after selling 7,623 shares during the period. We Are One Seven LLC’s holdings in Starbucks were worth $931,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SBUX. Tradition Capital Management LLC acquired a new stake in Starbucks during the 1st quarter worth about $246,000. McIlrath & Eck LLC raised its holdings in Starbucks by 12.1% during the 1st quarter. McIlrath & Eck LLC now owns 7,073 shares of the coffee company’s stock worth $526,000 after buying an additional 766 shares during the period. Delta Investment Management LLC acquired a new stake in Starbucks during the 1st quarter worth about $2,356,000. Aveo Capital Partners LLC acquired a new stake in Starbucks during the 1st quarter worth about $250,000. Finally, Cedar Capital LLC acquired a new position in shares of Starbucks in the 1st quarter valued at about $203,000. Hedge funds and other institutional investors own 70.73% of the company’s stock.

In other Starbucks news, Director Myron E. Ullman III sold 9,973 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $88.63, for a total transaction of $883,906.99. Following the completion of the sale, the director now owns 28,407 shares of the company’s stock, valued at $2,517,712.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kevin R. Johnson sold 23,390 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $98.32, for a total value of $2,299,704.80. The disclosure for this sale can be found here. Insiders have sold 142,767 shares of company stock valued at $13,730,357 in the last ninety days. Company insiders own 3.98% of the company’s stock.



A number of brokerages have recently weighed in on SBUX. BidaskClub downgraded Starbucks from a “buy” rating to a “hold” rating in a report on Friday, October 4th. Stephens upped their target price on Starbucks from $72.00 to $90.00 and gave the company an “equal weight” rating in a report on Friday, July 26th. Goldman Sachs Group began coverage on Starbucks in a report on Monday, July 29th. They issued a “buy” rating and a $110.00 target price on the stock. ValuEngine downgraded Starbucks from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Cowen set a $93.00 target price on Starbucks and gave the company a “hold” rating in a report on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating and thirteen have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $90.10.

Shares of NASDAQ SBUX opened at $86.57 on Friday. The stock has a market cap of $101.64 billion, a price-to-earnings ratio of 35.77, a PEG ratio of 2.07 and a beta of 0.53. The business has a 50 day simple moving average of $91.55 and a 200 day simple moving average of $85.17. Starbucks Co. has a 52 week low of $54.71 and a 52 week high of $99.72.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Thursday, July 25th. The coffee company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.06. The firm had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.67 billion. Starbucks had a negative return on equity of 125.91% and a net margin of 13.63%. The company’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.62 earnings per share. Analysts predict that Starbucks Co. will post 2.83 EPS for the current fiscal 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 beverages, iced tea, 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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