Coldstream Capital Management Inc. Purchases 11,074 Shares of Starbucks Co. (NASDAQ:SBUX)

Coldstream Capital Management Inc. lifted its position in shares of Starbucks Co. (NASDAQ:SBUX) by 8.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 147,455 shares of the coffee company’s stock after acquiring an additional 11,074 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Starbucks were worth $14,398,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of SBUX. Geode Capital Management LLC grew its position in shares of Starbucks by 1.4% in the third quarter. Geode Capital Management LLC now owns 24,277,756 shares of the coffee company’s stock valued at $2,358,464,000 after purchasing an additional 333,004 shares in the last quarter. Sender Co & Partners Inc. purchased a new position in Starbucks during the 3rd quarter valued at about $1,495,000. Frisch Financial Group Inc. bought a new stake in shares of Starbucks during the third quarter valued at about $288,000. Prestige Wealth Management Group LLC lifted its holdings in shares of Starbucks by 61.0% in the third quarter. Prestige Wealth Management Group LLC now owns 726 shares of the coffee company’s stock worth $71,000 after buying an additional 275 shares in the last quarter. Finally, Brophy Wealth Management LLC bought a new position in shares of Starbucks in the third quarter valued at approximately $549,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on SBUX. Bank of America decreased their target price on shares of Starbucks from $118.00 to $117.00 and set a “buy” rating on the stock in a report on Tuesday, October 22nd. JPMorgan Chase & Co. increased their price objective on Starbucks from $90.00 to $105.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Wedbush dropped their price objective on Starbucks from $98.00 to $95.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Deutsche Bank Aktiengesellschaft upgraded Starbucks from a “hold” rating to a “buy” rating and upped their target price for the stock from $85.00 to $118.00 in a research note on Wednesday, August 14th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Starbucks in a research report on Monday, August 26th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $103.77.

Insiders Place Their Bets

In other news, CFO Rachel Ruggeri sold 1,491 shares of Starbucks stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $99.54, for a total value of $148,414.14. Following the sale, the chief financial officer now directly owns 80,124 shares in the company, valued at approximately $7,975,542.96. This trade represents a 1.83 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.98% of the company’s stock.

Starbucks Trading Down 0.8 %

NASDAQ SBUX opened at $99.31 on Tuesday. The firm has a market cap of $112.60 billion, a PE ratio of 30.00, a price-to-earnings-growth ratio of 2.94 and a beta of 0.97. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $103.32. The stock has a 50-day moving average of $98.12 and a 200-day moving average of $89.05.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Wednesday, October 30th. The coffee company reported $0.80 earnings per share for the quarter, meeting the consensus estimate of $0.80. Starbucks had a negative return on equity of 46.39% and a net margin of 10.40%. The firm had revenue of $9.07 billion during the quarter, compared to the consensus estimate of $9.60 billion. During the same quarter in the previous year, the company posted $1.06 earnings per share. The business’s revenue was down 3.2% on a year-over-year basis. As a group, equities research analysts forecast that Starbucks Co. will post 3.11 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.