Starbucks Co. (NASDAQ:SBUX) Shares Sold by Winslow Evans & Crocker Inc.

Winslow Evans & Crocker Inc. cut its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 38.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 1,024 shares of the coffee company’s stock after selling 630 shares during the period. Winslow Evans & Crocker Inc.’s holdings in Starbucks were worth $92,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of SBUX. Nuveen Asset Management LLC raised its position in shares of Starbucks by 977.6% in the second quarter. Nuveen Asset Management LLC now owns 7,923,411 shares of the coffee company’s stock valued at $664,219,000 after buying an additional 7,188,139 shares during the last quarter. Invesco Ltd. raised its position in shares of Starbucks by 18.4% in the second quarter. Invesco Ltd. now owns 17,382,380 shares of the coffee company’s stock valued at $1,457,167,000 after buying an additional 2,706,533 shares during the last quarter. APG Asset Management N.V. raised its position in shares of Starbucks by 87.0% in the second quarter. APG Asset Management N.V. now owns 5,538,794 shares of the coffee company’s stock valued at $407,725,000 after buying an additional 2,576,900 shares during the last quarter. Prudential Financial Inc. raised its position in shares of Starbucks by 166.3% in the second quarter. Prudential Financial Inc. now owns 3,901,446 shares of the coffee company’s stock valued at $327,058,000 after buying an additional 2,436,385 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of Starbucks by 162.1% in the second quarter. Robeco Institutional Asset Management B.V. now owns 3,327,726 shares of the coffee company’s stock valued at $278,964,000 after buying an additional 2,058,082 shares during the last quarter. Institutional investors own 70.80% of the company’s stock.

SBUX stock traded down $0.77 during mid-day trading on Friday, hitting $85.78. 2,343,875 shares of the company were exchanged, compared to its average volume of 5,917,940. The firm has a market capitalization of $103.07 billion, a P/E ratio of 35.44, a PEG ratio of 2.11 and a beta of 0.53. The business has a fifty day simple moving average of $90.27 and a 200-day simple moving average of $85.65. Starbucks Co. has a 12-month low of $57.39 and a 12-month 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 for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.06. The company had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.67 billion. Starbucks had a net margin of 13.63% and a negative return on equity of 125.91%. Starbucks’s revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.62 earnings per share. As a group, equities analysts expect that Starbucks Co. will post 2.83 EPS for the current fiscal year.

A number of brokerages have recently commented on SBUX. OTR Global upgraded shares of Starbucks to a “positive” rating in a research report on Tuesday, July 16th. KeyCorp upped their price objective on shares of Starbucks from $84.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Cowen set a $93.00 price objective on shares of Starbucks and gave the company a “hold” rating in a report on Monday, September 23rd. Wedbush upped their price objective on shares of Starbucks from $88.00 to $95.00 and gave the company a “neutral” rating in a report on Friday, July 26th. Finally, Citigroup assumed coverage on shares of Starbucks in a report on Wednesday, June 26th. They issued a “buy” rating and a $83.65 price objective for the company. One analyst has rated the stock with a sell rating, eighteen have given a hold rating and thirteen have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $90.10.

In other Starbucks news, Director Myron E. Ullman III sold 9,973 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $88.63, for a total transaction of $883,906.99. Following the completion of the transaction, the director now owns 28,407 shares of the company’s stock, valued at $2,517,712.41. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Jill Walker sold 6,492 shares of the stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $95.70, for a total transaction of $621,284.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 142,767 shares of company stock valued at $13,730,357. 3.98% of the stock is currently owned by insiders.

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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