Starbucks Co. (SBUX) Stake Boosted by Stonebridge Capital Advisors LLC

Stonebridge Capital Advisors LLC boosted its stake in Starbucks Co. (NASDAQ:SBUX) by 22.4% during the 4th quarter, HoldingsChannel reports. The fund owned 36,759 shares of the coffee company’s stock after acquiring an additional 6,730 shares during the quarter. Stonebridge Capital Advisors LLC’s holdings in Starbucks were worth $2,111,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of SBUX. Taylor Hoffman Wealth Management acquired a new stake in Starbucks in the 4th quarter valued at $107,000. Prime Capital Investment Advisors LLC acquired a new stake in Starbucks in the 4th quarter valued at $113,000. Sumitomo Mitsui Financial Group Inc. acquired a new stake in Starbucks in the 3rd quarter valued at $111,000. Gradient Investments LLC acquired a new stake in Starbucks in the 4th quarter valued at $117,000. Finally, Front Row Advisors LLC acquired a new stake in Starbucks in the 4th quarter valued at $136,000. 73.47% of the stock is currently owned by institutional investors and hedge funds.

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Several equities research analysts have issued reports on SBUX shares. Zacks Investment Research lowered shares of Starbucks from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Oppenheimer reiterated a “buy” rating and issued a $66.00 price target on shares of Starbucks in a research note on Friday, January 19th. Wedbush reiterated a “buy” rating and issued a $70.00 price target on shares of Starbucks in a research note on Monday, January 22nd. They noted that the move was a valuation call. Telsey Advisory Group reiterated an “outperform” rating and issued a $70.00 price target (up from $66.00) on shares of Starbucks in a research note on Friday, January 19th. Finally, William Blair reiterated an “outperform” rating on shares of Starbucks in a research note on Friday, January 26th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $64.17.

Shares of SBUX stock opened at $59.43 on Tuesday. The stock has a market cap of $83,267.74, a P/E ratio of 28.85, a P/E/G ratio of 1.64 and a beta of 0.63. The company has a quick ratio of 0.81, a current ratio of 1.01 and a debt-to-equity ratio of 0.79. Starbucks Co. has a 52 week low of $52.58 and a 52 week high of $64.87.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Thursday, January 25th. The coffee company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.57 by $0.01. The business had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $6.19 billion. Starbucks had a net margin of 19.28% and a return on equity of 56.35%. Starbucks’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.52 EPS. research analysts forecast that Starbucks Co. will post 2.49 EPS for the current year.

In related news, Director Myron E. Ullman III sold 25,000 shares of Starbucks stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $54.52, for a total transaction of $1,363,000.00. Following the completion of the sale, the director now owns 39,000 shares of the company’s stock, valued at approximately $2,126,280. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Clifford Burrows sold 162,826 shares of Starbucks stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $57.02, for a total transaction of $9,284,338.52. Following the sale, the insider now directly owns 331,829 shares of the company’s stock, valued at approximately $18,920,889.58. The disclosure for this sale can be found here. Insiders have sold a total of 247,664 shares of company stock valued at $14,243,602 in the last ninety days. 3.48% of the stock is currently owned by insiders.

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Starbucks Profile

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 coffee and tea products, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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