Cypress Wealth Services LLC Sells 229 Shares of Starbucks Co. (NASDAQ:SBUX)

Cypress Wealth Services LLC decreased its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 3.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 6,713 shares of the coffee company’s stock after selling 229 shares during the period. Cypress Wealth Services LLC’s holdings in Starbucks were worth $654,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Scarborough Advisors LLC acquired a new stake in Starbucks in the 4th quarter worth about $26,000. Vima LLC bought a new stake in shares of Starbucks in the fourth quarter valued at approximately $26,000. Fairman Group LLC acquired a new stake in Starbucks during the fourth quarter worth approximately $30,000. Strategic Investment Solutions Inc. IL bought a new position in Starbucks during the 2nd quarter worth $25,000. Finally, Raleigh Capital Management Inc. raised its holdings in Starbucks by 150.0% in the 4th quarter. Raleigh Capital Management Inc. now owns 330 shares of the coffee company’s stock valued at $32,000 after acquiring an additional 198 shares in the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on SBUX shares. DZ Bank cut Starbucks from a “hold” rating to a “sell” rating and set a $85.00 price target on the stock. in a research report on Wednesday, August 21st. Sanford C. Bernstein upgraded shares of 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. Morgan Stanley restated an “overweight” rating and set a $98.00 price objective on shares of Starbucks in a research report on Wednesday, July 31st. Bank of America raised their target price on Starbucks from $112.00 to $118.00 and gave the company a “buy” rating in a report on Wednesday, September 18th. Finally, Evercore ISI upgraded Starbucks from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $80.00 to $120.00 in a research note on Wednesday, August 14th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Starbucks currently has an average rating of “Moderate Buy” and a consensus target price of $101.16.

Starbucks Stock Performance

Shares of SBUX stock traded down $1.34 during mid-day trading on Thursday, hitting $94.54. The company’s stock had a trading volume of 282,950 shares, compared to its average volume of 11,551,422. The company has a market cap of $107.13 billion, a PE ratio of 26.41, a P/E/G ratio of 2.12 and a beta of 0.97. The company’s fifty day simple moving average is $92.09 and its 200-day simple moving average is $84.48. Starbucks Co. has a 52 week low of $71.55 and a 52 week 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. The firm had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $9.25 billion. Starbucks had a negative return on equity of 49.38% and a net margin of 11.16%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.00 EPS. On average, equities analysts anticipate that Starbucks Co. will post 3.55 earnings per share for the current year.

Insider Buying and Selling at Starbucks

In other news, CEO Rachel Ruggeri sold 3,290 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $91.16, for a total value 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 trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, CEO Michael Aaron Conway sold 3,250 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $94.03, for a total value of $305,597.50. Following the sale, the chief executive officer now owns 75,054 shares in the company, valued at $7,057,327.62. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Rachel Ruggeri sold 3,290 shares of Starbucks stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $91.16, for a total value of $299,916.40. Following the transaction, the chief executive officer now owns 62,502 shares of the company’s stock, valued at $5,697,682.32. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.98% of the company’s stock.

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.