Van Hulzen Asset Management LLC Purchases 11,030 Shares of Starbucks Co. (NASDAQ:SBUX)

Van Hulzen Asset Management LLC increased its position in Starbucks Co. (NASDAQ:SBUXFree Report) by 46.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 34,926 shares of the coffee company’s stock after buying an additional 11,030 shares during the period. Van Hulzen Asset Management LLC’s holdings in Starbucks were worth $2,719,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Scarborough Advisors LLC purchased a new position in Starbucks during the 4th quarter valued at $26,000. Vima LLC purchased a new stake in shares of Starbucks during the fourth quarter worth about $26,000. DSM Capital Partners LLC acquired a new stake in Starbucks during the 4th quarter worth about $27,000. Fairman Group LLC acquired a new position in Starbucks during the fourth quarter valued at $30,000. Finally, Raleigh Capital Management Inc. boosted its position in Starbucks by 150.0% in the 4th quarter. Raleigh Capital Management Inc. now owns 330 shares of the coffee company’s stock worth $32,000 after purchasing an additional 198 shares in the last quarter. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Wall Street Analysts Forecast Growth

SBUX has been the subject of a number of research analyst reports. BMO Capital Markets increased their target price on Starbucks from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Monday. Robert W. Baird raised shares of Starbucks from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $81.00 to $110.00 in a research note on Tuesday, August 13th. Deutsche Bank Aktiengesellschaft upgraded Starbucks from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $85.00 to $118.00 in a research report on Wednesday, August 14th. Wedbush reiterated a “neutral” rating and issued a $80.00 target price on shares of Starbucks in a report on Tuesday, August 13th. Finally, Jefferies Financial Group lowered their price target on shares of Starbucks from $84.00 to $80.00 and set a “hold” rating for the company in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Starbucks has an average rating of “Moderate Buy” and a consensus price target of $99.83.

Check Out Our Latest Analysis on SBUX

Starbucks Trading Up 1.2 %

Shares of SBUX stock opened at $92.21 on Tuesday. The company has a market cap of $104.45 billion, a PE ratio of 25.40, a PEG ratio of 2.18 and a beta of 0.96. Starbucks Co. has a 12-month low of $71.55 and a 12-month high of $107.66. The business’s fifty day simple moving average is $82.71 and its 200-day simple moving average is $83.77.

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

Insiders Place Their Bets

In other Starbucks news, CEO Rachel Ruggeri sold 3,290 shares of Starbucks stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $91.16, for a total transaction of $299,916.40. Following the sale, the chief executive officer now owns 62,502 shares of the company’s stock, valued at approximately $5,697,682.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Rachel Ruggeri sold 3,290 shares of the stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $91.16, for a total transaction of $299,916.40. Following the completion of the sale, the chief executive officer now directly owns 62,502 shares in the company, valued at $5,697,682.32. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Michael Aaron Conway sold 3,250 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $94.03, for a total transaction of $305,597.50. Following the transaction, the chief executive officer now directly owns 75,054 shares in the company, valued at $7,057,327.62. The disclosure for this sale can be found here. Insiders have sold a total of 9,790 shares of company stock worth $865,514 over the last quarter. 1.98% of the stock is owned by corporate insiders.

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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