Starbucks Co. (NASDAQ:SBUX) Shares Acquired by Headlands Technologies LLC

Headlands Technologies LLC raised its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 391.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,397 shares of the coffee company’s stock after acquiring an additional 30,590 shares during the period. Headlands Technologies LLC’s holdings in Starbucks were worth $2,989,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of SBUX. Norges Bank acquired a new stake in Starbucks during the 4th quarter valued at approximately $1,240,652,000. Ontario Teachers Pension Plan Board acquired a new stake in Starbucks during the 1st quarter valued at approximately $415,167,000. Flossbach Von Storch AG lifted its stake in Starbucks by 106.7% during the 1st quarter. Flossbach Von Storch AG now owns 5,612,687 shares of the coffee company’s stock valued at $512,943,000 after acquiring an additional 2,897,282 shares during the period. Capital World Investors acquired a new position in shares of Starbucks in the 1st quarter valued at $257,721,000. Finally, Van ECK Associates Corp lifted its stake in shares of Starbucks by 108.1% in the 2nd quarter. Van ECK Associates Corp now owns 4,475,156 shares of the coffee company’s stock valued at $348,391,000 after purchasing an additional 2,324,847 shares during the period. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Starbucks

In related news, CEO Michael Aaron Conway sold 3,250 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $80.00, for a total value of $260,000.00. Following the completion of the sale, the chief executive officer now owns 78,304 shares of the company’s stock, valued at $6,264,320. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Michael Aaron Conway sold 3,250 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $80.00, for a total value of $260,000.00. Following the completion of the sale, the chief executive officer now owns 78,304 shares of the company’s stock, valued at $6,264,320. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rachel Ruggeri sold 3,290 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 62,502 shares of the company’s stock, valued at approximately $5,697,682.32. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,790 shares of company stock valued at $865,514. 1.98% of the stock is owned by company insiders.

Starbucks Stock Up 1.2 %

Starbucks stock opened at $93.34 on Wednesday. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $107.66. The firm has a market capitalization of $105.73 billion, a price-to-earnings ratio of 25.71, a PEG ratio of 2.18 and a beta of 0.96. The company has a fifty day simple moving average of $83.04 and a 200-day simple moving average of $83.76.

Starbucks (NASDAQ:SBUX) last announced 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 net margin of 11.16% and a negative return on equity of 49.38%. The firm had revenue of $9.11 billion during the quarter, compared to analyst estimates of $9.25 billion. During the same quarter in the prior year, the firm posted $1.00 earnings per share. Starbucks’s quarterly revenue was down .6% on a year-over-year basis. On average, research analysts anticipate that Starbucks Co. will post 3.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SBUX has been the subject of several analyst reports. Jefferies Financial Group decreased their target price on shares of Starbucks from $84.00 to $80.00 and set a “hold” rating for the company in a research note on Wednesday, July 31st. Evercore ISI upgraded shares of Starbucks from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $80.00 to $120.00 in a research note on Wednesday, August 14th. Barclays boosted their target price on shares of Starbucks from $93.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, August 14th. Robert W. Baird upgraded shares of Starbucks from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $81.00 to $110.00 in a research note on Tuesday, August 13th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Starbucks in a research note on Monday, August 26th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $99.83.

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.