Farmers National Bank Has $4.76 Million Holdings in Starbucks Co. (NASDAQ:SBUX)

Farmers National Bank raised its position in shares of Starbucks Co. (NASDAQ:SBUX) by 4.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 61,181 shares of the coffee company’s stock after buying an additional 2,737 shares during the period. Starbucks comprises 1.4% of Farmers National Bank’s portfolio, making the stock its 20th biggest position. Farmers National Bank’s holdings in Starbucks were worth $4,763,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of SBUX. Vima LLC bought a new stake in Starbucks during the 4th quarter worth about $26,000. Scarborough Advisors LLC bought a new stake in shares of Starbucks during the fourth quarter valued at approximately $26,000. New Millennium Group LLC acquired a new stake in shares of Starbucks in the second quarter valued at approximately $26,000. Stephens Consulting LLC raised its position in Starbucks by 498.2% in the 2nd quarter. Stephens Consulting LLC now owns 335 shares of the coffee company’s stock worth $26,000 after purchasing an additional 279 shares during the last quarter. Finally, Hobbs Group Advisors LLC bought a new position in Starbucks in the 2nd quarter valued at $27,000. Institutional investors own 72.29% of the company’s stock.

Insider Transactions at Starbucks

In related news, Director Jorgen Vig Knudstorp acquired 380 shares of the stock in a transaction dated Friday, September 6th. The stock was bought at an average price of $91.50 per share, for a total transaction of $34,770.00. Following the purchase, the director now directly owns 36,242 shares of the company’s stock, valued at approximately $3,316,143. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Jorgen Vig Knudstorp bought 380 shares of Starbucks stock in a transaction dated 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 approximately $3,316,143. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael Aaron Conway sold 3,250 shares of the company’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 transaction, the chief executive officer now directly owns 75,054 shares in the company, valued at $7,057,327.62. The disclosure for this sale can be found here. Corporate insiders own 1.98% of the company’s stock.

Starbucks Price Performance

Starbucks stock opened at $97.43 on Wednesday. The stock’s 50 day moving average is $89.58 and its 200 day moving average is $84.24. Starbucks Co. has a one year low of $71.55 and a one year high of $107.66. The firm has a market cap of $110.41 billion, a P/E ratio of 26.84, a P/E/G ratio of 2.33 and a beta of 0.96.

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

Wall Street Analyst Weigh In

SBUX has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of Starbucks from a “hold” rating to a “buy” rating and upped their target price for the company from $85.00 to $118.00 in a research report on Wednesday, August 14th. BMO Capital Markets upped their price objective on Starbucks from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Monday, September 9th. DZ Bank cut Starbucks from a “hold” rating to a “sell” rating and set a $85.00 target price on the stock. in a report on Wednesday, August 21st. The Goldman Sachs Group began coverage on Starbucks in a research note on Thursday, June 13th. They issued a “buy” rating and a $100.00 price target for the company. Finally, TD Cowen restated a “buy” rating and set a $110.00 price objective on shares of Starbucks in a report on Thursday, September 12th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $101.12.

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.