Starbucks Co. (NASDAQ:SBUX) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 3.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 142,943 shares of the coffee company’s stock after selling 5,595 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Starbucks were worth $11,128,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SBUX. Vima LLC acquired a new stake in shares of Starbucks in the fourth quarter valued at approximately $26,000. Scarborough Advisors LLC acquired a new stake in shares of Starbucks in 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 grew its position in shares of Starbucks by 498.2% in the second quarter. Stephens Consulting LLC now owns 335 shares of the coffee company’s stock valued at $26,000 after purchasing an additional 279 shares during the last quarter. Finally, DSM Capital Partners LLC acquired a new stake in shares of Starbucks in the fourth quarter valued at approximately $27,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Starbucks news, CEO Rachel Ruggeri sold 3,290 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $91.16, for a total transaction of $299,916.40. Following the completion of the transaction, the chief executive officer now directly owns 62,502 shares of the company’s stock, valued at approximately $5,697,682.32. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Starbucks news, CEO Michael Aaron Conway sold 3,250 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $94.03, for a total transaction of $305,597.50. Following the completion of the transaction, the chief executive officer now directly owns 75,054 shares of the company’s stock, valued at approximately $7,057,327.62. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Rachel Ruggeri sold 3,290 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $91.16, for a total transaction of $299,916.40. Following the transaction, the chief executive officer now directly owns 62,502 shares of the company’s stock, valued at $5,697,682.32. The disclosure for this sale can be found here. 1.98% of the stock is currently owned by insiders.

Starbucks Trading Down 0.3 %

Shares of SBUX stock opened at $96.12 on Thursday. The company’s fifty day simple moving average is $85.77 and its 200-day simple moving average is $83.98. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $107.66. The company has a market cap of $108.92 billion, a PE ratio of 26.48, a P/E/G ratio of 2.38 and a beta of 0.96.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Tuesday, July 30th. The coffee company reported $0.93 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 firm posted $1.00 EPS. The firm’s quarterly revenue was down .6% on a year-over-year basis. Equities research analysts expect that Starbucks Co. will post 3.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on SBUX shares. Oppenheimer restated a “market perform” rating on shares of Starbucks in a research report on Monday, August 26th. Evercore ISI upgraded shares of Starbucks from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $80.00 to $120.00 in a research report on Wednesday, August 14th. DZ Bank lowered shares of Starbucks from a “hold” rating to a “sell” rating and set a $85.00 target price on the stock. in a research report on Wednesday, August 21st. Bank of America raised their target price on shares of Starbucks from $112.00 to $118.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Barclays raised their target price on shares of Starbucks from $93.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $100.08.

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.