Blair William & Co. IL Sells 360,845 Shares of Starbucks Co. (NASDAQ:SBUX)

Blair William & Co. IL reduced its stake in Starbucks Co. (NASDAQ:SBUX) by 16.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,795,866 shares of the coffee company’s stock after selling 360,845 shares during the period. Blair William & Co. IL owned 0.16% of Starbucks worth $139,808,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Scarborough Advisors LLC bought a new stake in shares of Starbucks during the fourth quarter valued at approximately $26,000. Vima LLC bought a new stake in shares of Starbucks during the 4th quarter valued at $26,000. DSM Capital Partners LLC purchased a new stake in shares of Starbucks in the 4th quarter worth about $27,000. Fairman Group LLC bought a new position in shares of Starbucks in the 4th quarter worth about $30,000. Finally, Raleigh Capital Management Inc. lifted its position in Starbucks by 150.0% during 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 during the period. 72.29% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Rachel Ruggeri sold 3,290 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $5,697,682.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Starbucks news, CEO Rachel Ruggeri sold 3,290 shares of the company’s stock in a transaction that occurred on 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 $5,697,682.32. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Michael Aaron Conway sold 3,250 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 75,054 shares in the company, valued at $7,057,327.62. The disclosure for this sale can be found here. Insiders own 1.98% of the company’s stock.

Starbucks Trading Up 0.1 %

Shares of SBUX opened at $96.44 on Wednesday. The firm has a market cap of $109.29 billion, a PE ratio of 26.57, a P/E/G ratio of 2.38 and a beta of 0.96. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $107.66. The firm has a fifty day simple moving average of $85.30 and a two-hundred day simple moving average of $83.89.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Tuesday, July 30th. The coffee company reported $0.93 EPS for the quarter, meeting analysts’ consensus estimates of $0.93. The company had revenue of $9.11 billion during 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%. Starbucks’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.00 earnings per share. As a group, research analysts forecast that Starbucks Co. will post 3.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on SBUX shares. Deutsche Bank Aktiengesellschaft raised shares of Starbucks from a “hold” rating to a “buy” rating and raised their target price for the company from $85.00 to $118.00 in a research note on Wednesday, August 14th. The Goldman Sachs Group initiated coverage on Starbucks in a research report on Thursday, June 13th. They set a “buy” rating and a $100.00 price objective for the company. TD Cowen reissued a “buy” rating and issued a $110.00 target price on shares of Starbucks in a report on Thursday, September 12th. Oppenheimer restated a “market perform” rating on shares of Starbucks in a report on Monday, August 26th. Finally, Jefferies Financial Group lowered their price target on Starbucks from $84.00 to $80.00 and set a “hold” rating for the company in a research report on Wednesday, July 31st. 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 issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $99.83.

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.