Waterloo Capital L.P. Has $210,000 Holdings in Starbucks Co. (NASDAQ:SBUX)

Waterloo Capital L.P. boosted its stake in Starbucks Co. (NASDAQ:SBUX) by 13.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,704 shares of the coffee company’s stock after purchasing an additional 326 shares during the period. Waterloo Capital L.P.’s holdings in Starbucks were worth $210,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Vanguard Personalized Indexing Management LLC lifted its position in shares of Starbucks by 3.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 112,629 shares of the coffee company’s stock valued at $8,668,000 after acquiring an additional 4,082 shares during the period. Tredje AP fonden raised its holdings in shares of Starbucks by 83.4% during the second quarter. Tredje AP fonden now owns 355,804 shares of the coffee company’s stock valued at $27,699,000 after purchasing an additional 161,800 shares during the period. Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of Starbucks by 4.2% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 41,194 shares of the coffee company’s stock valued at $3,207,000 after purchasing an additional 1,675 shares during the period. E Fund Management Co. Ltd. boosted its position in shares of Starbucks by 1.8% during the 2nd quarter. E Fund Management Co. Ltd. now owns 11,347 shares of the coffee company’s stock worth $883,000 after purchasing an additional 204 shares in the last quarter. Finally, Axxcess Wealth Management LLC grew its stake in shares of Starbucks by 97.5% in the 2nd quarter. Axxcess Wealth Management LLC now owns 27,330 shares of the coffee company’s stock valued at $2,128,000 after buying an additional 13,495 shares during the period. 72.29% of the stock is owned by institutional investors.

Insider Transactions at Starbucks

In related news, CEO Rachel Ruggeri sold 3,290 shares of the stock in a transaction 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 transaction, the chief executive officer now owns 62,502 shares of the company’s stock, valued at $5,697,682.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Rachel Ruggeri sold 3,290 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $91.16, for a total value of $299,916.40. Following the completion of the transaction, the chief executive officer now directly owns 62,502 shares in the company, valued at approximately $5,697,682.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jorgen Vig Knudstorp bought 380 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average price of $91.50 per share, with a total value of $34,770.00. Following the transaction, 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. Insiders own 1.98% of the company’s stock.

Wall Street Analysts Forecast Growth

SBUX has been the topic of a number of research reports. Oppenheimer reaffirmed a “market perform” rating on shares of Starbucks in a research report on Monday, August 26th. BMO Capital Markets upped their price objective on shares of Starbucks from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Monday, September 9th. Bank of America lifted their price objective on shares of Starbucks from $112.00 to $118.00 and gave the company a “buy” rating in a report on Wednesday. Wedbush restated a “neutral” rating and issued a $80.00 target price on shares of Starbucks in a report on Tuesday, August 13th. Finally, The Goldman Sachs Group started coverage on Starbucks in a research note on Thursday, June 13th. They set a “buy” rating and a $100.00 price target for the company. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Starbucks presently has an average rating of “Moderate Buy” and an average price target of $100.08.

Starbucks Stock Up 0.8 %

Starbucks stock opened at $96.90 on Friday. The stock has a market cap of $109.81 billion, a price-to-earnings ratio of 26.69, a PEG ratio of 2.31 and a beta of 0.96. The business has a 50-day simple moving average of $86.24 and a 200 day simple moving average of $84.07. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $107.66.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Tuesday, July 30th. The coffee company reported $0.93 EPS for the quarter, hitting the consensus estimate of $0.93. The company 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%. Starbucks’s revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.00 earnings per share. On average, research analysts anticipate that Starbucks Co. will post 3.56 earnings per share for the current year.

About Starbucks

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.