ORG Partners LLC decreased its position in Starbucks Co. (NASDAQ:SBUX – Free Report) by 55.1% during the 3rd quarter, Holdings Channel reports. The firm owned 1,662 shares of the coffee company’s stock after selling 2,039 shares during the quarter. ORG Partners LLC’s holdings in Starbucks were worth $162,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in the company. ORG Wealth Partners LLC acquired a new position in Starbucks during the third quarter worth about $195,000. Procyon Advisors LLC lifted its stake in Starbucks by 13.3% in the 3rd quarter. Procyon Advisors LLC now owns 38,924 shares of the coffee company’s stock valued at $3,795,000 after buying an additional 4,559 shares in the last quarter. Paladin Wealth LLC acquired a new stake in Starbucks during the 3rd quarter valued at $734,000. Thurston Springer Miller Herd & Titak Inc. increased its position in Starbucks by 8.4% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 18,286 shares of the coffee company’s stock worth $1,783,000 after buying an additional 1,415 shares in the last quarter. Finally, Orca Investment Management LLC raised its holdings in shares of Starbucks by 6.5% in the third quarter. Orca Investment Management LLC now owns 7,344 shares of the coffee company’s stock worth $716,000 after acquiring an additional 451 shares during the last quarter. Hedge funds and other institutional investors own 72.29% of the company’s stock.
Insider Transactions at Starbucks
In other news, CEO Rachel Ruggeri sold 3,290 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $91.16, for a total value of $299,916.40. Following the sale, the chief executive officer now owns 62,502 shares in the company, valued at approximately $5,697,682.32. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Rachel Ruggeri sold 3,290 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $91.16, for a total value of $299,916.40. Following the transaction, the chief executive officer now directly owns 62,502 shares in the company, valued at approximately $5,697,682.32. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael Aaron Conway sold 3,250 shares of the business’s stock in a transaction dated 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 directly owns 75,054 shares of the company’s stock, valued at approximately $7,057,327.62. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.98% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Report on Starbucks
Starbucks Price Performance
Shares of Starbucks stock opened at $95.04 on Wednesday. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $107.66. The company has a market capitalization of $107.65 billion, a PE ratio of 26.18, a P/E/G ratio of 2.06 and a beta of 0.97. The business has a 50-day moving average of $93.67 and a 200-day moving average of $84.54.
Starbucks (NASDAQ:SBUX – Get Free Report) last issued its quarterly earnings results on Tuesday, July 30th. The coffee company reported $0.93 EPS for the quarter, meeting analysts’ consensus estimates of $0.93. Starbucks had a negative return on equity of 49.38% and a net margin of 11.16%. The firm had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $9.25 billion. During the same quarter in the prior year, the business posted $1.00 earnings per share. Starbucks’s revenue for the quarter was down .6% on a year-over-year basis. On average, equities analysts expect that Starbucks Co. will post 3.55 earnings per share for the current fiscal year.
Starbucks 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.
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