Starbucks Co. (NASDAQ:SBUX) Shares Purchased by Brighton Jones LLC

Brighton Jones LLC grew its position in shares of Starbucks Co. (NASDAQ:SBUX) by 3.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 154,017 shares of the coffee company’s stock after purchasing an additional 5,715 shares during the period. Brighton Jones LLC’s holdings in Starbucks were worth $11,990,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Cox Capital Mgt LLC raised its holdings in Starbucks by 41.9% in the first quarter. Cox Capital Mgt LLC now owns 45,322 shares of the coffee company’s stock valued at $4,142,000 after buying an additional 13,372 shares during the period. Brevan Howard Capital Management LP purchased a new position in Starbucks in the fourth quarter valued at approximately $2,781,000. Sanibel Captiva Trust Company Inc. purchased a new position in Starbucks in the fourth quarter valued at approximately $31,246,000. Fidelis Capital Partners LLC raised its holdings in Starbucks by 18.7% in the first quarter. Fidelis Capital Partners LLC now owns 11,116 shares of the coffee company’s stock valued at $1,016,000 after buying an additional 1,751 shares during the period. Finally, Bell & Brown Wealth Advisors LLC purchased a new position in Starbucks in the fourth quarter valued at approximately $4,048,000. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Jorgen Vig Knudstorp bought 380 shares of Starbucks stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average cost of $91.50 per share, for a total transaction of $34,770.00. Following the acquisition, the director now owns 36,242 shares in the company, valued at $3,316,143. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Jorgen Vig Knudstorp bought 380 shares of Starbucks stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average cost of $91.50 per share, for a total transaction of $34,770.00. Following the acquisition, the director now owns 36,242 shares in the company, valued at $3,316,143. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Michael Aaron Conway sold 3,250 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $94.03, for a total value of $305,597.50. Following the completion of the sale, the chief executive officer now owns 75,054 shares of the company’s stock, valued at $7,057,327.62. The disclosure for this sale can be found here. 1.98% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have issued reports on SBUX. Oppenheimer reaffirmed a “market perform” rating on shares of Starbucks in a research report on Monday, August 26th. Barclays increased their price objective on shares of Starbucks from $93.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday, August 14th. Baird R W raised shares of Starbucks from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 13th. Citigroup raised their price target on shares of Starbucks from $82.00 to $98.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 14th. Finally, Robert W. Baird raised shares of Starbucks from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $81.00 to $110.00 in a report on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $100.08.

Starbucks Trading Up 0.8 %

Shares of SBUX opened at $96.90 on Friday. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $107.66. The business’s 50-day moving average price is $86.24 and its 200 day moving average price is $84.07. The stock has a market capitalization of $109.81 billion, a P/E ratio of 26.69, a P/E/G ratio of 2.31 and a beta of 0.96.

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

Starbucks Company 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.