Valeo Financial Advisors LLC lifted its position in shares of Starbucks Co. (NASDAQ:SBUX) by 32.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,273 shares of the coffee company’s stock after buying an additional 4,712 shares during the period. Valeo Financial Advisors LLC’s holdings in Starbucks were worth $1,695,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in SBUX. Regal Wealth Group Inc. increased its position in shares of Starbucks by 210.7% during the 4th quarter. Regal Wealth Group Inc. now owns 320 shares of the coffee company’s stock valued at $28,000 after purchasing an additional 217 shares during the last quarter. 1 North Wealth Services LLC bought a new position in Starbucks in the 3rd quarter valued at $30,000. Sound Income Strategies LLC grew its position in Starbucks by 209.0% during the fourth quarter. Sound Income Strategies LLC now owns 343 shares of the coffee company’s stock worth $30,000 after buying an additional 232 shares in the last quarter. Candriam Luxembourg S.C.A. increased its position in shares of Starbucks by 3.9% in the third quarter. Candriam Luxembourg S.C.A. now owns 373,364 shares of the coffee company’s stock worth $33,000 after purchasing an additional 14,069 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Starbucks by 246.6% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 402 shares of the coffee company’s stock worth $36,000 after buying an additional 286 shares during the last quarter. Hedge funds and other institutional investors own 69.97% of the company’s stock.
Shares of NASDAQ:SBUX traded down $1.93 on Friday, reaching $91.82. The company’s stock had a trading volume of 6,051,306 shares, compared to its average volume of 5,450,068. Starbucks Co. has a 52-week low of $62.93 and a 52-week high of $99.72. The stock has a market capitalization of $109.28 billion, a P/E ratio of 31.34, a PEG ratio of 2.34 and a beta of 0.51. The stock’s 50-day moving average is $89.15 and its two-hundred day moving average is $89.38.
In other news, Director Myron E. Ullman III sold 4,252 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $88.12, for a total transaction of $374,686.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jill Walker sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $86.47, for a total value of $172,940.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,207 shares of company stock valued at $3,072,954. Corporate insiders own 3.98% of the company’s stock.
SBUX has been the subject of a number of recent research reports. Wedbush reissued a “neutral” rating on shares of Starbucks in a research note on Thursday, October 31st. Weeden reissued a “neutral” rating on shares of Starbucks in a report on Friday, November 1st. BidaskClub raised Starbucks from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Royal Bank of Canada reiterated a “buy” rating and set a $97.00 price objective on shares of Starbucks in a research report on Thursday. Finally, Barclays raised Starbucks from an “equal weight” rating to an “overweight” rating and set a $107.00 price objective on the stock in a research note on Thursday, January 9th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $92.35.
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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