Strategic Advisors LLC reduced its position in shares of Starbucks Co. (NASDAQ:SBUX) by 13.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,776 shares of the coffee company’s stock after selling 1,071 shares during the period. Strategic Advisors LLC’s holdings in Starbucks were worth $385,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in SBUX. Fiduciary Group LLC bought a new stake in Starbucks in the third quarter valued at approximately $3,522,000. Founders Financial Securities LLC bought a new stake in Starbucks in the third quarter valued at approximately $732,000. Independence Bank of Kentucky boosted its holdings in Starbucks by 7.5% in the third quarter. Independence Bank of Kentucky now owns 28,777 shares of the coffee company’s stock valued at $1,636,000 after acquiring an additional 2,007 shares during the last quarter. BB&T Corp boosted its holdings in Starbucks by 26.4% in the third quarter. BB&T Corp now owns 305,679 shares of the coffee company’s stock valued at $17,375,000 after acquiring an additional 63,791 shares during the last quarter. Finally, Smart Portfolios LLC boosted its holdings in Starbucks by 124.3% in the third quarter. Smart Portfolios LLC now owns 5,720 shares of the coffee company’s stock valued at $325,000 after acquiring an additional 3,170 shares during the last quarter. Institutional investors own 72.02% of the company’s stock.

Shares of NASDAQ:SBUX opened at $58.66 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.76 and a debt-to-equity ratio of 1.54. Starbucks Co. has a twelve month low of $47.37 and a twelve month high of $61.94. The company has a market cap of $79.11 billion, a PE ratio of 24.95, a PEG ratio of 1.60 and a beta of 0.60.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Thursday, July 26th. The coffee company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. Starbucks had a return on equity of 67.11% and a net margin of 18.87%. The company had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.25 billion. During the same period in the prior year, the firm earned $0.55 earnings per share. Starbucks’s revenue for the quarter was up 11.5% on a year-over-year basis. Equities analysts predict that Starbucks Co. will post 2.4 EPS for the current fiscal year.

In other news, Director Myron E. Ullman III sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, August 3rd. The stock was sold at an average price of $52.13, for a total transaction of $781,950.00. Following the transaction, the director now directly owns 29,000 shares of the company’s stock, valued at $1,511,770. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Javier G. Teruel sold 166,666 shares of the company’s stock in a transaction that occurred on Friday, August 24th. The stock was sold at an average price of $52.70, for a total value of $8,783,298.20. The disclosure for this sale can be found here. Insiders have sold 295,832 shares of company stock worth $15,834,037 over the last ninety days. 3.40% of the stock is owned by insiders.

Several analysts recently commented on SBUX shares. Sanford C. Bernstein reduced their target price on Starbucks from $64.00 to $58.00 and set a “market perform” rating on the stock in a report on Tuesday, June 26th. Jefferies Financial Group reduced their target price on Starbucks from $69.00 to $61.00 and set a “buy” rating on the stock in a report on Tuesday, June 26th. They noted that the move was a valuation call. Stephens reduced their target price on Starbucks from $58.00 to $53.00 and set an “equal weight” rating on the stock in a report on Monday, July 2nd. ValuEngine cut Starbucks from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 4th. Finally, DZ Bank upgraded Starbucks from a “sell” rating to a “hold” rating and reduced their target price for the company from $52.00 to $48.00 in a report on Friday, July 6th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $60.48.

Starbucks Company 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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