EP Wealth Advisors LLC Boosts Holdings in Starbucks Co. (NASDAQ:SBUX)

EP Wealth Advisors LLC grew its stake in shares of Starbucks Co. (NASDAQ:SBUXFree Report) by 2.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 594,041 shares of the coffee company’s stock after purchasing an additional 11,930 shares during the period. EP Wealth Advisors LLC owned approximately 0.05% of Starbucks worth $57,034,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fiera Capital Corp raised its stake in shares of Starbucks by 1.1% during the 3rd quarter. Fiera Capital Corp now owns 39,499 shares of the coffee company’s stock worth $3,605,000 after buying an additional 443 shares during the last quarter. Catalyst Capital Advisors LLC raised its stake in shares of Starbucks by 33.8% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 848 shares of the coffee company’s stock worth $77,000 after buying an additional 214 shares during the last quarter. Atomi Financial Group Inc. raised its stake in shares of Starbucks by 35.3% during the 3rd quarter. Atomi Financial Group Inc. now owns 2,885 shares of the coffee company’s stock worth $263,000 after buying an additional 752 shares during the last quarter. Johnson Investment Counsel Inc. raised its stake in shares of Starbucks by 1.0% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 54,845 shares of the coffee company’s stock worth $5,006,000 after buying an additional 556 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich raised its stake in shares of Starbucks by 0.5% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 125,798 shares of the coffee company’s stock worth $11,482,000 after buying an additional 603 shares during the last quarter. 72.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Michael Aaron Conway sold 3,250 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $85.39, for a total transaction of $277,517.50. Following the sale, the chief executive officer now owns 81,199 shares in the company, valued at $6,933,582.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Rachel Ruggeri sold 3,750 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $80.00, for a total transaction of $300,000.00. Following the sale, the chief financial officer now owns 65,431 shares of the company’s stock, valued at $5,234,480. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael Aaron Conway sold 3,250 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $85.39, for a total value of $277,517.50. Following the sale, the chief executive officer now directly owns 81,199 shares in the company, valued at approximately $6,933,582.61. The disclosure for this sale can be found here. Insiders have sold a total of 7,750 shares of company stock worth $642,050 over the last three months. Corporate insiders own 1.98% of the company’s stock.

Starbucks Stock Performance

NASDAQ:SBUX traded down $0.59 on Friday, reaching $79.65. The company’s stock had a trading volume of 7,192,438 shares, compared to its average volume of 10,999,455. Starbucks Co. has a 1-year low of $71.80 and a 1-year high of $107.66. The firm has a market cap of $90.22 billion, a PE ratio of 21.94, a PEG ratio of 1.74 and a beta of 0.96. The business’s 50-day moving average price is $80.98 and its two-hundred day moving average price is $89.29.

Starbucks (NASDAQ:SBUXGet Free Report) last posted its earnings results on Tuesday, April 30th. The coffee company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.11). The business had revenue of $8.56 billion during the quarter, compared to analyst estimates of $9.12 billion. Starbucks had a net margin of 11.38% and a negative return on equity of 49.91%. The firm’s revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.74 earnings per share. As a group, sell-side analysts expect that Starbucks Co. will post 3.59 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on SBUX shares. Robert W. Baird cut their target price on shares of Starbucks from $106.00 to $100.00 and set a “neutral” rating for the company in a research note on Monday, March 18th. Guggenheim cut their target price on shares of Starbucks from $100.00 to $91.00 and set a “buy” rating for the company in a research note on Friday, April 19th. Wedbush cut their target price on shares of Starbucks from $95.00 to $92.00 and set a “neutral” rating for the company in a research note on Friday, April 26th. JPMorgan Chase & Co. cut their target price on shares of Starbucks from $100.00 to $92.00 and set an “overweight” rating for the company in a research note on Wednesday, May 1st. Finally, Deutsche Bank Aktiengesellschaft cut Starbucks from a “buy” rating to a “hold” rating and lowered their price target for the company from $108.00 to $89.00 in a report on Wednesday, May 1st. Seventeen analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $95.00.

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Starbucks Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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