City State Bank cut its stake in shares of Starbucks Co. (NASDAQ:SBUX – Get Rating) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,505 shares of the coffee company’s stock after selling 150 shares during the period. City State Bank’s holdings in Starbucks were worth $546,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of SBUX. My Personal CFO LLC bought a new position in shares of Starbucks during the fourth quarter worth approximately $25,000. Hillsdale Investment Management Inc. bought a new position in shares of Starbucks during the third quarter worth approximately $27,000. New Millennium Group LLC bought a new position in shares of Starbucks during the second quarter worth approximately $25,000. MinichMacGregor Wealth Management LLC bought a new position in shares of Starbucks during the fourth quarter worth approximately $40,000. Finally, MADDEN SECURITIES Corp bought a new position in shares of Starbucks during the fourth quarter worth approximately $40,000. 69.16% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Starbucks
In other Starbucks news, EVP Zabrina Jenkins sold 2,962 shares of the stock in a transaction dated Monday, February 13th. The stock was sold at an average price of $108.48, for a total transaction of $321,317.76. Following the completion of the sale, the executive vice president now directly owns 38,258 shares in the company, valued at approximately $4,150,227.84. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CFO Rachel Ruggeri sold 3,960 shares of the firm’s stock in a transaction that occurred on Monday, January 9th. The stock was sold at an average price of $106.50, for a total transaction of $421,740.00. Following the completion of the sale, the chief financial officer now owns 57,962 shares of the company’s stock, valued at $6,172,953. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Zabrina Jenkins sold 2,962 shares of the firm’s stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $108.48, for a total value of $321,317.76. Following the sale, the executive vice president now directly owns 38,258 shares of the company’s stock, valued at approximately $4,150,227.84. The disclosure for this sale can be found here. Insiders have sold a total of 7,658 shares of company stock worth $820,706 over the last quarter. Company insiders own 1.98% of the company’s stock.
Analyst Ratings Changes
Starbucks Stock Performance
Shares of NASDAQ:SBUX traded down $1.73 during mid-day trading on Friday, reaching $98.70. 10,189,661 shares of the company’s stock were exchanged, compared to its average volume of 5,572,131. The firm has a market capitalization of $113.44 billion, a price-to-earnings ratio of 34.39, a PEG ratio of 1.71 and a beta of 0.94. The business’s fifty day moving average price is $105.02 and its 200-day moving average price is $97.32. Starbucks Co. has a twelve month low of $68.39 and a twelve month high of $110.83.
Starbucks (NASDAQ:SBUX – Get Rating) last issued its quarterly earnings results on Thursday, February 2nd. The coffee company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.02). The business had revenue of $8.71 billion for the quarter, compared to analyst estimates of $8.78 billion. Starbucks had a negative return on equity of 39.78% and a net margin of 10.09%. Starbucks’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.72 EPS. Analysts predict that Starbucks Co. will post 3.41 EPS for the current fiscal year.
Starbucks Corp. engages in the production, marketing, and retailing of specialty coffee. It operates through the following segments: North America, International, Channel Development, and Corporate and Other. The North America segment focuses on the United States and Canada. The International segment is involved in China, Japan, Asia Pacific, Europe, Middle East, Africa, Latin America, and Caribbean.
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