Diversified Trust Co Sells 312 Shares of Starbucks Co. (NASDAQ:SBUX)

Diversified Trust Co reduced its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 3.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,161 shares of the coffee company’s stock after selling 312 shares during the period. Diversified Trust Co’s holdings in Starbucks were worth $991,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of SBUX. Ontario Teachers Pension Plan Board bought a new position in Starbucks during the 1st quarter worth $415,167,000. Marshall Wace LLP raised its position in shares of Starbucks by 1,466.3% in the 2nd quarter. Marshall Wace LLP now owns 3,350,932 shares of the coffee company’s stock worth $260,870,000 after acquiring an additional 3,136,992 shares in the last quarter. Diamond Hill Capital Management Inc. bought a new position in shares of Starbucks in the 2nd quarter worth about $243,910,000. Flossbach Von Storch AG raised its position in shares of Starbucks by 106.7% in the 1st quarter. Flossbach Von Storch AG now owns 5,612,687 shares of the coffee company’s stock worth $512,943,000 after acquiring an additional 2,897,282 shares in the last quarter. Finally, Capital World Investors bought a new position in shares of Starbucks in the 1st quarter worth about $257,721,000. 72.29% of the stock is owned by institutional investors.

Starbucks Trading Up 0.1 %

Shares of SBUX stock opened at $96.21 on Wednesday. The stock’s 50-day moving average price is $91.33 and its 200-day moving average price is $84.36. The stock 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 Co. has a 12-month low of $71.55 and a 12-month high of $107.66.

Starbucks (NASDAQ:SBUX) last posted 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 negative return on equity of 49.38% and a net margin of 11.16%. The business had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $9.25 billion. During the same quarter in the prior year, the company earned $1.00 EPS. The business’s revenue was down .6% compared to the same quarter last year. As a group, research analysts predict that Starbucks Co. will post 3.55 EPS for the current fiscal year.

Insider Transactions at Starbucks

In other news, Director Jorgen Vig Knudstorp purchased 380 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were acquired at an average price of $91.50 per share, with a total value of $34,770.00. Following the transaction, the director now owns 36,242 shares of the company’s stock, valued at $3,316,143. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Rachel Ruggeri sold 3,290 shares of the company’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 completion of the sale, the chief executive officer now directly owns 62,502 shares in the company, valued at $5,697,682.32. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jorgen Vig Knudstorp acquired 380 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were bought at an average price of $91.50 per share, with a total value of $34,770.00. Following the completion of the purchase, the director now directly owns 36,242 shares in the company, valued at $3,316,143. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.98% of the company’s stock.

Analyst Ratings Changes

SBUX has been the subject of several research analyst reports. Wedbush reissued a “neutral” rating and issued a $80.00 price objective on shares of Starbucks in a research report on Tuesday, August 13th. Sanford C. Bernstein raised Starbucks from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $92.00 to $115.00 in a research report on Thursday, September 26th. Oppenheimer reaffirmed a “market perform” rating on shares of Starbucks in a research report on Monday, August 26th. TD Cowen reaffirmed a “buy” rating and issued a $110.00 target price on shares of Starbucks in a research report on Thursday, September 12th. Finally, Piper Sandler raised Starbucks from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $85.00 to $103.00 in a research report on Tuesday, August 13th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Starbucks has an average rating of “Moderate Buy” and a consensus target price of $101.16.

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.