Starbucks Co. (NASDAQ:SBUX) Shares Sold by Harrington Investments INC

Harrington Investments INC lowered its position in Starbucks Co. (NASDAQ:SBUX – Get Rating) by 0.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 37,186 shares of the coffee company’s stock after selling 278 shares during the period. Starbucks accounts for approximately 2.7% of Harrington Investments INC’s portfolio, making the stock its 7th largest position. Harrington Investments INC’s holdings in Starbucks were worth $3,689,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Salem Investment Counselors Inc. grew its stake in Starbucks by 4.7% during the third quarter. Salem Investment Counselors Inc. now owns 6,052 shares of the coffee company’s stock worth $510,000 after purchasing an additional 270 shares during the period. Xponance Inc. grew its position in shares of Starbucks by 11.4% during the 3rd quarter. Xponance Inc. now owns 149,118 shares of the coffee company’s stock worth $12,565,000 after buying an additional 15,212 shares during the period. Centaurus Financial Inc. increased its stake in shares of Starbucks by 55.2% in the 3rd quarter. Centaurus Financial Inc. now owns 11,173 shares of the coffee company’s stock valued at $941,000 after acquiring an additional 3,976 shares in the last quarter. Edmond DE Rothschild Holding S.A. lifted its position in shares of Starbucks by 24.9% during the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 42,692 shares of the coffee company’s stock valued at $3,262,000 after acquiring an additional 8,506 shares during the period. Finally, McKinley Carter Wealth Services Inc. boosted its stake in Starbucks by 1.1% during the third quarter. McKinley Carter Wealth Services Inc. now owns 69,744 shares of the coffee company’s stock worth $5,877,000 after acquiring an additional 744 shares in the last quarter. 69.16% of the stock is owned by institutional investors.

Starbucks Stock Down 1.7 %

SBUX stock traded down $1.73 during midday trading on Friday, hitting $98.70. The company’s stock had a trading volume of 10,189,661 shares, compared to its average volume of 5,572,131. Starbucks Co. has a 1 year low of $68.39 and a 1 year high of $110.83. The stock has a market cap of $113.44 billion, a price-to-earnings ratio of 34.39, a PEG ratio of 1.71 and a beta of 0.94. The stock’s 50-day moving average price is $105.02 and its 200 day moving average price is $97.32.

Starbucks (NASDAQ:SBUX – Get Rating) last issued its quarterly earnings results on Thursday, February 2nd. The coffee company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.02). Starbucks had a negative return on equity of 39.78% and a net margin of 10.09%. The company had revenue of $8.71 billion during the quarter, compared to analysts’ expectations of $8.78 billion. During the same period last year, the firm posted $0.72 earnings per share. Starbucks’s quarterly revenue was up 8.2% compared to the same quarter last year. As a group, equities analysts forecast that Starbucks Co. will post 3.41 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Zabrina Jenkins sold 2,962 shares of the company’s stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $108.48, for a total value of $321,317.76. Following the transaction, the executive vice president now owns 38,258 shares in the company, valued at $4,150,227.84. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CFO Rachel Ruggeri sold 3,960 shares of Starbucks stock in a transaction dated Monday, January 9th. The shares were sold at an average price of $106.50, for a total value of $421,740.00. Following the completion of the transaction, the chief financial officer now owns 57,962 shares in the company, valued at $6,172,953. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Zabrina Jenkins sold 2,962 shares of the company’s stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $108.48, for a total transaction of $321,317.76. Following the sale, the executive vice president now owns 38,258 shares in the company, valued at $4,150,227.84. The disclosure for this sale can be found here. Insiders sold 7,658 shares of company stock valued at $820,706 in the last three months. Company insiders own 1.98% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. BTIG Research upped their price objective on shares of Starbucks from $110.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, January 19th. Royal Bank of Canada cut their price target on Starbucks from $112.00 to $109.00 and set a “sector perform” rating on the stock in a report on Friday, February 3rd. Bank of America boosted their price objective on Starbucks from $109.00 to $125.00 in a report on Tuesday, January 3rd. Tigress Financial reiterated a “buy” rating and issued a $136.00 target price on shares of Starbucks in a report on Friday, January 20th. Finally, Jefferies Financial Group lowered shares of Starbucks from a “buy” rating to a “hold” rating and set a $100.00 price target for the company. in a research note on Wednesday, December 21st. Thirteen analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $108.74.

Starbucks Profile

(Get Rating)

Starbucks Corp. engages in the production, marketing, and retailing of specialty coffee. It operates through the following segments: North America, International, Channel Development, and Corporate and Other. The North America segment focuses on the United States and Canada. The International segment is involved in China, Japan, Asia Pacific, Europe, Middle East, Africa, Latin America, and Caribbean.