274 Shares in Starbucks Co. (NASDAQ:SBUX) Bought by Vima LLC

Vima LLC bought a new position in Starbucks Co. (NASDAQ:SBUX) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 274 shares of the coffee company’s stock, valued at approximately $26,000.

Other large investors also recently added to or reduced their stakes in the company. Kestra Advisory Services LLC increased its position in shares of Starbucks by 3.3% in the third quarter. Kestra Advisory Services LLC now owns 120,250 shares of the coffee company’s stock valued at $10,975,000 after acquiring an additional 3,845 shares during the period. QRG Capital Management Inc. purchased a new position in shares of Starbucks in the third quarter valued at about $11,893,000. Envestnet Portfolio Solutions Inc. purchased a new position in shares of Starbucks in the third quarter valued at about $14,116,000. Envestnet Asset Management Inc. increased its position in shares of Starbucks by 32.7% in the third quarter. Envestnet Asset Management Inc. now owns 4,679,621 shares of the coffee company’s stock valued at $427,109,000 after acquiring an additional 1,154,020 shares during the period. Finally, Balentine LLC increased its position in shares of Starbucks by 6.8% in the third quarter. Balentine LLC now owns 11,344 shares of the coffee company’s stock valued at $1,035,000 after acquiring an additional 720 shares during the period. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Insider Activity

In other news, CEO Michael Aaron Conway sold 3,250 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $85.39, for a total transaction of $277,517.50. Following the sale, the chief executive officer now directly owns 81,199 shares in the company, valued at approximately $6,933,582.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Starbucks news, CFO Rachel Ruggeri sold 3,750 shares of Starbucks stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $80.00, for a total value of $300,000.00. Following the sale, the chief financial officer now directly owns 65,431 shares in the company, valued at approximately $5,234,480. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael Aaron Conway sold 3,250 shares of Starbucks stock in a transaction on Monday, April 15th. The shares were sold at an average price of $85.39, for a total transaction of $277,517.50. Following the completion of the sale, the chief executive officer now owns 81,199 shares in the company, valued at $6,933,582.61. The disclosure for this sale can be found here. Insiders have sold 7,750 shares of company stock worth $642,050 in the last three months. Company insiders own 1.98% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on SBUX shares. Evercore ISI decreased their price objective on shares of Starbucks from $120.00 to $92.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. HSBC decreased their price target on shares of Starbucks from $107.00 to $84.00 and set a “hold” rating for the company in a research note on Friday, May 3rd. Oppenheimer reissued a “market perform” rating on shares of Starbucks in a research note on Friday, April 19th. TD Cowen reissued a “hold” rating and issued a $85.00 price target on shares of Starbucks in a research note on Thursday. Finally, Bank of America increased their price target on shares of Starbucks from $108.00 to $112.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Seventeen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $95.00.

Starbucks Stock Performance

Shares of NASDAQ:SBUX traded down $0.59 during trading on Friday, reaching $79.65. 7,192,438 shares of the stock traded hands, compared to its average volume of 10,999,455. Starbucks Co. has a 52-week low of $71.80 and a 52-week high of $107.66. The stock has a market cap of $90.22 billion, a P/E ratio of 21.94, a price-to-earnings-growth ratio of 1.74 and a beta of 0.96. The stock has a 50-day moving average of $80.98 and a two-hundred day moving average of $89.29.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Tuesday, April 30th. The coffee company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.11). The firm had revenue of $8.56 billion for the quarter, compared to the consensus estimate of $9.12 billion. Starbucks had a net margin of 11.38% and a negative return on equity of 49.91%. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.74 earnings per share. Sell-side analysts expect that Starbucks Co. will post 3.59 earnings per share for the current year.

Starbucks Profile

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of coffee worldwide. The company operates through three segments: North America, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole beans and ground coffees, single serve products, and ready-to-drink beverages; and various food products, such as pastries, breakfast sandwiches, and lunch items.