Blair William & Co. IL Sells 360,845 Shares of Starbucks Co. (NASDAQ:SBUX)

Blair William & Co. IL reduced its position in Starbucks Co. (NASDAQ:SBUX) by 16.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,795,866 shares of the coffee company’s stock after selling 360,845 shares during the quarter. Blair William & Co. IL’s holdings in Starbucks were worth $139,808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vima LLC purchased a new position in shares of Starbucks during the 4th quarter valued at $26,000. Scarborough Advisors LLC purchased a new stake in Starbucks in the 4th quarter worth $26,000. New Millennium Group LLC bought a new stake in Starbucks during the second quarter valued at about $26,000. Stephens Consulting LLC lifted its position in shares of Starbucks by 498.2% in the second quarter. Stephens Consulting LLC now owns 335 shares of the coffee company’s stock valued at $26,000 after acquiring an additional 279 shares in the last quarter. Finally, DSM Capital Partners LLC bought a new position in shares of Starbucks in the fourth quarter worth about $27,000. 72.29% of the stock is owned by hedge funds and other institutional investors.

Starbucks Stock Up 0.1 %

NASDAQ SBUX opened at $96.44 on Wednesday. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $107.66. The firm has a market capitalization of $109.29 billion, a price-to-earnings ratio of 26.57, a PEG ratio of 2.38 and a beta of 0.96. The company has a fifty day moving average of $85.30 and a two-hundred day moving average of $83.89.

Starbucks (NASDAQ:SBUX) last released its earnings results on Tuesday, July 30th. The coffee company reported $0.93 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.93. The firm had revenue of $9.11 billion during the quarter, compared to analyst estimates of $9.25 billion. Starbucks had a net margin of 11.16% and a negative return on equity of 49.38%. The business’s revenue was down .6% on a year-over-year basis. During the same quarter last year, the business earned $1.00 EPS. Equities research analysts anticipate that Starbucks Co. will post 3.56 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SBUX. Oppenheimer reissued a “market perform” rating on shares of Starbucks in a research note on Monday, August 26th. Baird R W upgraded shares of Starbucks from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 13th. BMO Capital Markets boosted their target price on shares of Starbucks from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Monday, September 9th. Deutsche Bank Aktiengesellschaft raised shares of Starbucks from a “hold” rating to a “buy” rating and raised their target price for the company from $85.00 to $118.00 in a research note on Wednesday, August 14th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $98.00 price target on shares of Starbucks in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $99.83.

Insider Buying and Selling at Starbucks

In other news, CEO Rachel Ruggeri sold 3,290 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $91.16, for a total value of $299,916.40. Following the sale, the chief executive officer now directly owns 62,502 shares in the company, valued at $5,697,682.32. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Rachel Ruggeri sold 3,290 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $91.16, for a total value of $299,916.40. Following the transaction, the chief executive officer now directly owns 62,502 shares in the company, valued at $5,697,682.32. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jorgen Vig Knudstorp purchased 380 shares of Starbucks stock in a transaction that occurred on Friday, September 6th. The stock was bought at an average cost of $91.50 per share, for a total transaction of $34,770.00. Following the purchase, the director now directly owns 36,242 shares in the company, valued at $3,316,143. The disclosure for this purchase can be found here. Company insiders own 1.98% of the company’s stock.

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.