Rothschild Investment Corp IL Lowers Position in Starbucks Co. (NASDAQ:SBUX)

Rothschild Investment Corp IL lessened its stake in Starbucks Co. (NASDAQ:SBUX) by 4.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,799 shares of the coffee company’s stock after selling 320 shares during the quarter. Rothschild Investment Corp IL’s holdings in Starbucks were worth $601,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Enterprise Trust & Investment Co purchased a new position in shares of Starbucks in the second quarter worth $25,000. Northern Oak Wealth Management Inc. lifted its holdings in shares of Starbucks by 95.7% in the second quarter. Northern Oak Wealth Management Inc. now owns 362 shares of the coffee company’s stock worth $31,000 after buying an additional 177 shares in the last quarter. Redhawk Wealth Advisors Inc. purchased a new position in shares of Starbucks in the second quarter worth $32,000. Atlas Capital Advisors LLC lifted its holdings in shares of Starbucks by 53.3% in the second quarter. Atlas Capital Advisors LLC now owns 417 shares of the coffee company’s stock worth $35,000 after buying an additional 145 shares in the last quarter. Finally, Virtus ETF Advisers LLC purchased a new position in shares of Starbucks in the second quarter worth $42,000. 70.73% of the stock is currently owned by hedge funds and other institutional investors.

Shares of SBUX opened at $86.36 on Friday. Starbucks Co. has a twelve month low of $55.28 and a twelve month high of $99.72. The company has a market cap of $102.76 billion, a P/E ratio of 35.69, a P/E/G ratio of 2.10 and a beta of 0.53. The company’s fifty day simple moving average is $91.35 and its 200-day simple moving average is $85.24.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Thursday, July 25th. The coffee company reported $0.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.06. Starbucks had a net margin of 13.63% and a negative return on equity of 125.91%. The business had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.67 billion. During the same quarter in the prior year, the firm posted $0.62 earnings per share. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, sell-side analysts forecast that Starbucks Co. will post 2.83 EPS for the current year.

A number of equities research analysts recently issued reports on SBUX shares. Robert W. Baird reaffirmed a “hold” rating on shares of Starbucks in a research note on Wednesday, September 4th. Bank of America set a $100.00 price target on shares of Starbucks and gave the company a “buy” rating in a research note on Monday, September 30th. BidaskClub downgraded shares of Starbucks from a “buy” rating to a “hold” rating in a research note on Friday, October 4th. Stephens upped their price target on shares of Starbucks from $72.00 to $90.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Finally, BTIG Research reaffirmed a “hold” rating on shares of Starbucks in a research note on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $90.10.

In other news, Director Myron E. Ullman III sold 9,973 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $88.63, for a total value of $883,906.99. Following the transaction, the director now directly owns 28,407 shares in the company, valued at $2,517,712.41. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Vivek C. Varma sold 21,128 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $95.86, for a total transaction of $2,025,330.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 142,767 shares of company stock worth $13,730,357. Company insiders own 3.98% of the company’s stock.

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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