Starbucks Co. (NASDAQ:SBUX) Shares Acquired by Regal Investment Advisors LLC

Regal Investment Advisors LLC boosted its position in Starbucks Co. (NASDAQ:SBUX) by 19.8% during the second quarter, Holdings Channel.com reports. The fund owned 9,888 shares of the coffee company’s stock after purchasing an additional 1,634 shares during the quarter. Regal Investment Advisors LLC’s holdings in Starbucks were worth $770,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. CWA Asset Management Group LLC increased its holdings in Starbucks by 40.9% in the 4th quarter. CWA Asset Management Group LLC now owns 4,708 shares of the coffee company’s stock valued at $452,000 after purchasing an additional 1,367 shares in the last quarter. CIBC Private Wealth Group LLC grew its stake in shares of Starbucks by 4.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 382,057 shares of the coffee company’s stock valued at $36,681,000 after buying an additional 17,640 shares in the last quarter. Edge Capital Group LLC grew its stake in shares of Starbucks by 3.4% in the fourth quarter. Edge Capital Group LLC now owns 4,062 shares of the coffee company’s stock valued at $390,000 after buying an additional 134 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Starbucks by 139.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 194,492 shares of the coffee company’s stock valued at $18,673,000 after buying an additional 113,346 shares during the period. Finally, Cetera Advisor Networks LLC lifted its position in Starbucks by 7.1% during the 4th quarter. Cetera Advisor Networks LLC now owns 255,107 shares of the coffee company’s stock worth $24,493,000 after acquiring an additional 16,967 shares in the last quarter. 72.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Starbucks

In related news, Director Jorgen Vig Knudstorp bought 380 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average cost of $91.50 per share, for a total transaction of $34,770.00. Following the acquisition, the director now directly owns 36,242 shares of the company’s stock, valued at approximately $3,316,143. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Jorgen Vig Knudstorp bought 380 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was bought at an average cost of $91.50 per share, for a total transaction of $34,770.00. Following the completion of the acquisition, the director now directly owns 36,242 shares in the company, valued at approximately $3,316,143. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Michael Aaron Conway sold 3,250 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $94.03, for a total transaction of $305,597.50. Following the sale, the chief executive officer now owns 75,054 shares in the company, valued at approximately $7,057,327.62. The disclosure for this sale can be found here. 1.98% of the stock is owned by corporate insiders.

Starbucks Stock Down 0.1 %

Shares of SBUX stock opened at $97.43 on Wednesday. The stock has a 50-day simple moving average of $89.58 and a 200 day simple moving average of $84.24. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $107.66. The stock has a market capitalization of $110.41 billion, a P/E ratio of 26.84, a P/E/G ratio of 2.33 and a beta of 0.96.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Tuesday, July 30th. The coffee company reported $0.93 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.93. Starbucks had a net margin of 11.16% and a negative return on equity of 49.38%. The company had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $9.25 billion. During the same quarter in the previous year, the company posted $1.00 EPS. The business’s revenue was down .6% compared to the same quarter last year. On average, sell-side analysts anticipate that Starbucks Co. will post 3.56 earnings per share for the current year.

Wall Street Analyst Weigh In

SBUX has been the topic of a number of analyst reports. The Goldman Sachs Group started coverage on shares of Starbucks in a research note on Thursday, June 13th. They set a “buy” rating and a $100.00 price objective on the stock. Evercore ISI raised shares of Starbucks from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $80.00 to $120.00 in a research report on Wednesday, August 14th. Baird R W raised Starbucks from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 13th. Piper Sandler upgraded Starbucks from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $85.00 to $103.00 in a research note on Tuesday, August 13th. Finally, Citigroup upped their target price on Starbucks from $82.00 to $98.00 and gave the company a “neutral” rating in a research report on Wednesday, August 14th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $101.12.

Starbucks Company Profile

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.