Starbucks Co. (NASDAQ:SBUX) Shares Purchased by Whittier Trust Co.

Whittier Trust Co. boosted its holdings in Starbucks Co. (NASDAQ:SBUX) by 2.4% during the third quarter, Holdings Channel.com reports. The fund owned 87,397 shares of the coffee company’s stock after acquiring an additional 2,072 shares during the period. Whittier Trust Co.’s holdings in Starbucks were worth $7,728,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of SBUX. Abbrea Capital LLC raised its holdings in Starbucks by 1.9% in the second quarter. Abbrea Capital LLC now owns 5,525 shares of the coffee company’s stock valued at $463,000 after buying an additional 105 shares during the period. Gamco Investors INC. ET AL raised its stake in shares of Starbucks by 0.3% during the second quarter. Gamco Investors INC. ET AL now owns 38,395 shares of the coffee company’s stock valued at $3,219,000 after purchasing an additional 115 shares during the period. Duncker Streett & Co. Inc. raised its stake in shares of Starbucks by 0.4% during the second quarter. Duncker Streett & Co. Inc. now owns 30,160 shares of the coffee company’s stock valued at $2,528,000 after purchasing an additional 120 shares during the period. D.B. Root & Company LLC increased its stake in shares of Starbucks by 0.8% in the second quarter. D.B. Root & Company LLC now owns 14,929 shares of the coffee company’s stock worth $1,251,000 after buying an additional 122 shares during the last quarter. Finally, Enterprise Bank & Trust Co increased its stake in shares of Starbucks by 4.8% in the third quarter. Enterprise Bank & Trust Co now owns 2,725 shares of the coffee company’s stock worth $241,000 after buying an additional 125 shares during the last quarter. 70.76% of the stock is currently owned by hedge funds and other institutional investors.

In other Starbucks news, insider Kevin R. Johnson sold 23,390 shares of Starbucks stock in a transaction on Monday, July 29th. The shares were sold at an average price of $98.32, for a total value of $2,299,704.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Javier G. Teruel sold 59,838 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $96.92, for a total transaction of $5,799,498.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 142,767 shares of company stock valued at $13,730,357. 3.98% of the stock is currently owned by corporate insiders.

A number of analysts recently issued reports on the stock. Wedbush lifted their price target on shares of Starbucks from $88.00 to $95.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. OTR Global upgraded shares of Starbucks to a “positive” rating in a research note on Tuesday, July 16th. JPMorgan Chase & Co. lowered shares of Starbucks from an “overweight” rating to a “neutral” rating in a research note on Monday, July 29th. KeyCorp lifted their price target on shares of Starbucks from $84.00 to $105.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Finally, Bank of America set a $100.00 price target on shares of Starbucks and gave the stock a “buy” rating in a research note on Monday, September 30th. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating and thirteen have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $90.10.

Starbucks stock traded down $0.29 during mid-day trading on Monday, reaching $85.74. The company’s stock had a trading volume of 72,597 shares, compared to its average volume of 5,851,448. The firm has a market cap of $103.29 billion, a price-to-earnings ratio of 35.57, a PEG ratio of 2.11 and a beta of 0.53. The business has a 50 day moving average price of $90.05 and a 200-day moving average price of $85.71. Starbucks Co. has a twelve month low of $57.39 and a twelve month high of $99.72.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Thursday, July 25th. The coffee company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.06. The firm had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.67 billion. Starbucks had a net margin of 13.63% and a negative return on equity of 125.91%. The firm’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.62 earnings per share. As a group, research analysts expect that Starbucks Co. will post 2.83 earnings per share for the current fiscal year.

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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