Private Vista LLC Boosts Stock Holdings in Starbucks Co. (NASDAQ:SBUX)

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Private Vista LLC grew its position in shares of Starbucks Co. (NASDAQ:SBUX) by 4.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,377 shares of the coffee company’s stock after purchasing an additional 357 shares during the quarter. Private Vista LLC’s holdings in Starbucks were worth $742,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Abbrea Capital LLC grew its stake in Starbucks by 1.9% in the 2nd quarter. Abbrea Capital LLC now owns 5,525 shares of the coffee company’s stock valued at $463,000 after acquiring an additional 105 shares during the period. Gamco Investors INC. ET AL grew its stake in Starbucks by 0.3% in the 2nd quarter. Gamco Investors INC. ET AL now owns 38,395 shares of the coffee company’s stock valued at $3,219,000 after acquiring an additional 115 shares during the period. Duncker Streett & Co. Inc. grew its stake in Starbucks by 0.4% in the 2nd quarter. Duncker Streett & Co. Inc. now owns 30,160 shares of the coffee company’s stock valued at $2,528,000 after acquiring an additional 120 shares during the period. D.B. Root & Company LLC grew its stake in Starbucks by 0.8% in the 2nd quarter. D.B. Root & Company LLC now owns 14,929 shares of the coffee company’s stock valued at $1,251,000 after acquiring an additional 122 shares during the period. Finally, Enterprise Bank & Trust Co grew its stake in Starbucks by 4.8% in the 3rd quarter. Enterprise Bank & Trust Co now owns 2,725 shares of the coffee company’s stock valued at $241,000 after acquiring an additional 125 shares during the period. 70.76% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts recently issued reports on SBUX shares. Jefferies Financial Group lifted their price target on shares of Starbucks from $96.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Robert W. Baird reaffirmed a “hold” rating on shares of Starbucks in a research note on Wednesday, September 4th. OTR Global raised shares of Starbucks to a “positive” rating in a research note on Tuesday, July 16th. Bank of America set a $100.00 target price on shares of Starbucks and gave the stock a “buy” rating in a research note on Monday, September 30th. Finally, Wedbush lifted their target price on shares of Starbucks from $88.00 to $95.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and thirteen have issued a buy rating to the stock. Starbucks currently has an average rating of “Hold” and a consensus target price of $90.10.

In other news, CAO Jill Walker sold 2,000 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $95.80, for a total transaction of $191,600.00. Following the transaction, the chief accounting officer now owns 39,999 shares of the company’s stock, valued at approximately $3,831,904.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Kevin R. Johnson sold 23,390 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $98.32, for a total transaction of $2,299,704.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 142,767 shares of company stock worth $13,730,357. Corporate insiders own 3.98% of the company’s stock.

Shares of SBUX stock traded down $1.89 on Tuesday, hitting $83.46. 4,252,073 shares of the stock traded hands, compared to its average volume of 5,520,931. The firm’s 50-day moving average price is $89.37 and its two-hundred day moving average price is $85.88. The stock has a market capitalization of $102.98 billion, a PE ratio of 34.49, a PEG ratio of 2.10 and a beta of 0.53. Starbucks Co. has a twelve month low of $57.39 and a twelve month high of $99.72.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Thursday, July 25th. The coffee company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.06. The firm had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $6.67 billion. Starbucks had a net margin of 13.63% and a negative return on equity of 125.91%. The company’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS. As a group, equities research analysts expect that Starbucks Co. will post 2.83 EPS for the current fiscal year.

About Starbucks

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink beverages, iced tea, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.

Read More: Mutual funds are not immune from market timing

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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