Mather Group LLC. Sells 8,336 Shares of Starbucks Co. (NASDAQ:SBUX)

Mather Group LLC. decreased its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 39.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,878 shares of the coffee company’s stock after selling 8,336 shares during the quarter. Mather Group LLC.’s holdings in Starbucks were worth $1,255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL bought a new stake in shares of Starbucks during the 2nd quarter valued at $25,000. Vima LLC purchased a new stake in shares of Starbucks in the fourth quarter worth about $26,000. Scarborough Advisors LLC bought a new position in shares of Starbucks in the fourth quarter valued at approximately $26,000. New Millennium Group LLC purchased a new position in Starbucks during the second quarter valued at approximately $26,000. Finally, Stephens Consulting LLC increased its holdings in Starbucks by 498.2% during the 2nd quarter. Stephens Consulting LLC now owns 335 shares of the coffee company’s stock worth $26,000 after acquiring an additional 279 shares during the period. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on SBUX shares. BMO Capital Markets raised their price target on shares of Starbucks from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Monday, September 9th. Jefferies Financial Group lowered Starbucks from a “hold” rating to an “underperform” rating and decreased their target price for the stock from $80.00 to $76.00 in a research note on Tuesday, September 24th. Robert W. Baird raised Starbucks from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $81.00 to $110.00 in a report on Tuesday, August 13th. TD Cowen reaffirmed a “buy” rating and issued a $110.00 target price on shares of Starbucks in a research note on Thursday, September 12th. Finally, Stifel Nicolaus upgraded shares of Starbucks from a “hold” rating to a “buy” rating and raised their price objective for the company from $80.00 to $110.00 in a research report on Wednesday, August 14th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $101.16.

Starbucks Trading Up 0.1 %

Starbucks stock opened at $96.21 on Wednesday. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $107.66. The business’s fifty day simple moving average is $91.33 and its two-hundred day simple moving average is $84.36. The company has a market capitalization of $108.98 billion, a price-to-earnings ratio of 26.50, a price-to-earnings-growth ratio of 2.12 and a beta of 0.97.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Tuesday, July 30th. The coffee company reported $0.93 EPS for the quarter, meeting the consensus estimate of $0.93. The company had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $9.25 billion. Starbucks had a net margin of 11.16% and a negative return on equity of 49.38%. Starbucks’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.00 EPS. On average, equities research analysts predict that Starbucks Co. will post 3.55 EPS for the current year.

Insider Buying and Selling

In other Starbucks news, CEO Michael Aaron Conway sold 3,250 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $94.03, for a total transaction of $305,597.50. Following the sale, the chief executive officer now directly owns 75,054 shares in the company, valued at approximately $7,057,327.62. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Michael Aaron Conway sold 3,250 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $94.03, for a total transaction of $305,597.50. Following the sale, the chief executive officer now directly owns 75,054 shares of the company’s stock, valued at $7,057,327.62. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jorgen Vig Knudstorp bought 380 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was acquired at an average cost of $91.50 per share, with a total value of $34,770.00. Following the transaction, the director now owns 36,242 shares in the company, valued at $3,316,143. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 1.98% of the stock is owned by company insiders.

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.