Country Trust Bank Has $61,000 Stock Holdings in Starbucks Co. (NASDAQ:SBUX)

Country Trust Bank decreased its position in shares of Starbucks Co. (NASDAQ:SBUX) by 33.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 622 shares of the coffee company’s stock after selling 314 shares during the period. Country Trust Bank’s holdings in Starbucks were worth $61,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cresset Asset Management LLC lifted its stake in Starbucks by 1.6% in the fourth quarter. Cresset Asset Management LLC now owns 124,546 shares of the coffee company’s stock valued at $11,958,000 after acquiring an additional 1,969 shares during the last quarter. Visionary Wealth Advisors lifted its stake in shares of Starbucks by 2.6% in the 4th quarter. Visionary Wealth Advisors now owns 5,575 shares of the coffee company’s stock valued at $535,000 after purchasing an additional 143 shares during the last quarter. MGO One Seven LLC boosted its holdings in Starbucks by 2.7% in the fourth quarter. MGO One Seven LLC now owns 27,312 shares of the coffee company’s stock worth $2,622,000 after purchasing an additional 717 shares in the last quarter. Hancock Whitney Corp increased its position in Starbucks by 450.8% during the fourth quarter. Hancock Whitney Corp now owns 51,582 shares of the coffee company’s stock worth $4,952,000 after buying an additional 42,217 shares during the last quarter. Finally, Jacobi Capital Management LLC raised its holdings in Starbucks by 1.3% during the fourth quarter. Jacobi Capital Management LLC now owns 15,735 shares of the coffee company’s stock valued at $1,511,000 after buying an additional 199 shares in the last quarter. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Starbucks Price Performance

Starbucks stock opened at $96.21 on Wednesday. The business has a 50 day simple moving average of $91.33 and a 200 day simple moving average of $84.36. The company has a market capitalization of $108.98 billion, a PE ratio of 26.50, a price-to-earnings-growth ratio of 2.12 and a beta of 0.97. Starbucks Co. has a one year low of $71.55 and a one year high of $107.66.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Tuesday, July 30th. The coffee company reported $0.93 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.93. Starbucks had a negative return on equity of 49.38% and a net margin of 11.16%. The company had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $9.25 billion. During the same period last year, the business earned $1.00 earnings per share. The business’s revenue was down .6% on a year-over-year basis. Equities analysts anticipate that Starbucks Co. will post 3.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on SBUX. Jefferies Financial Group downgraded Starbucks from a “hold” rating to an “underperform” rating and decreased their price target for the stock from $80.00 to $76.00 in a research note on Tuesday, September 24th. Sanford C. Bernstein upgraded Starbucks from a “market perform” rating to an “outperform” rating and increased their price target for the company from $92.00 to $115.00 in a report on Thursday, September 26th. DZ Bank cut shares of Starbucks from a “hold” rating to a “sell” rating and set a $85.00 price objective for the company. in a research note on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft raised shares of Starbucks from a “hold” rating to a “buy” rating and upped their price objective for the stock from $85.00 to $118.00 in a report on Wednesday, August 14th. Finally, Baird R W upgraded shares of Starbucks from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 13th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $101.16.

Insider Buying and Selling at Starbucks

In other news, Director Jorgen Vig Knudstorp bought 380 shares of the business’s 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 completion of the purchase, the director now owns 36,242 shares of the company’s stock, valued at approximately $3,316,143. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Starbucks news, CEO Michael Aaron Conway sold 3,250 shares of the company’s 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 transaction, the chief executive officer now owns 75,054 shares of the company’s stock, valued at approximately $7,057,327.62. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jorgen Vig Knudstorp acquired 380 shares of the 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 completion of the transaction, the director now owns 36,242 shares of the company’s stock, valued at approximately $3,316,143. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.98% of the company’s stock.

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.