Starbucks Co. (NASDAQ:SBUX) Shares Acquired by Integrated Advisors Network LLC

Integrated Advisors Network LLC lifted its position in shares of Starbucks Co. (NASDAQ:SBUX) by 7.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 52,676 shares of the coffee company’s stock after buying an additional 3,774 shares during the period. Integrated Advisors Network LLC’s holdings in Starbucks were worth $5,057,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cim LLC purchased a new stake in Starbucks during the 4th quarter worth $350,000. TKG Advisors LLC boosted its position in Starbucks by 4.6% during the 4th quarter. TKG Advisors LLC now owns 19,503 shares of the coffee company’s stock worth $1,873,000 after purchasing an additional 860 shares during the period. Beacon Financial Group boosted its position in Starbucks by 1.4% during the 4th quarter. Beacon Financial Group now owns 42,114 shares of the coffee company’s stock worth $4,043,000 after purchasing an additional 565 shares during the period. Gordian Capital Singapore Pte Ltd boosted its position in Starbucks by 1.3% during the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 13,470 shares of the coffee company’s stock worth $1,293,000 after purchasing an additional 170 shares during the period. Finally, Kampmann Melissa S. boosted its position in Starbucks by 1.7% during the 4th quarter. Kampmann Melissa S. now owns 27,277 shares of the coffee company’s stock worth $2,619,000 after purchasing an additional 450 shares during the period. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Bank of America upped their price objective on shares of Starbucks from $108.00 to $112.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Oppenheimer reissued a “market perform” rating on shares of Starbucks in a research report on Friday, April 19th. Citigroup decreased their price objective on shares of Starbucks from $95.00 to $85.00 and set a “neutral” rating for the company in a research report on Wednesday, May 1st. Wedbush decreased their price objective on shares of Starbucks from $95.00 to $92.00 and set a “neutral” rating for the company in a research report on Friday, April 26th. Finally, Jefferies Financial Group decreased their price objective on shares of Starbucks from $94.00 to $84.00 and set a “hold” rating for the company in a research report on Wednesday, May 1st. Seventeen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $95.00.

Insider Activity at Starbucks

In related news, CFO Rachel Ruggeri sold 3,750 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $80.00, for a total transaction of $300,000.00. Following the transaction, the chief financial officer now owns 65,431 shares in the company, valued at $5,234,480. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Rachel Ruggeri sold 3,750 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $80.00, for a total transaction of $300,000.00. Following the transaction, the chief financial officer now owns 65,431 shares in the company, valued at $5,234,480. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Aaron Conway sold 3,250 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $85.39, for a total transaction of $277,517.50. Following the transaction, the chief executive officer now owns 81,199 shares in the company, valued at approximately $6,933,582.61. The disclosure for this sale can be found here. Insiders have sold 7,750 shares of company stock worth $642,050 over the last quarter. 1.98% of the stock is currently owned by company insiders.

Starbucks Stock Performance

Shares of NASDAQ:SBUX traded down $0.59 during trading hours on Friday, hitting $79.65. The stock had a trading volume of 7,192,438 shares, compared to its average volume of 10,999,455. The stock’s fifty day simple moving average is $80.98 and its 200 day simple moving average is $89.29. Starbucks Co. has a 1-year low of $71.80 and a 1-year high of $107.66. The firm has a market capitalization of $90.22 billion, a price-to-earnings ratio of 21.94, a PEG ratio of 1.74 and a beta of 0.96.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Tuesday, April 30th. The coffee company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.11). Starbucks had a net margin of 11.38% and a negative return on equity of 49.91%. The firm had revenue of $8.56 billion during the quarter, compared to analyst estimates of $9.12 billion. During the same quarter in the previous year, the business posted $0.74 EPS. Starbucks’s revenue for the quarter was down 1.8% compared to the same quarter last year. As a group, research analysts anticipate that Starbucks Co. will post 3.59 EPS for the current year.

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.