West Oak Capital LLC Has $156,000 Stock Position in Starbucks Co. (NASDAQ:SBUX)

West Oak Capital LLC lessened its position in Starbucks Co. (NASDAQ:SBUX) by 11.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,600 shares of the coffee company’s stock after selling 215 shares during the period. West Oak Capital LLC’s holdings in Starbucks were worth $156,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of SBUX. Kapitalo Investimentos Ltda raised its stake in Starbucks by 51.1% in the fourth quarter. Kapitalo Investimentos Ltda now owns 615 shares of the coffee company’s stock valued at $59,000 after buying an additional 208 shares during the period. RFG Advisory LLC increased its holdings in shares of Starbucks by 5.2% during the 1st quarter. RFG Advisory LLC now owns 10,353 shares of the coffee company’s stock worth $946,000 after acquiring an additional 513 shares during the last quarter. Sanders Morris Harris LLC raised its stake in Starbucks by 7.3% in the 1st quarter. Sanders Morris Harris LLC now owns 5,363 shares of the coffee company’s stock valued at $490,000 after acquiring an additional 363 shares during the period. &PARTNERS lifted its holdings in Starbucks by 31.1% during the 1st quarter. &PARTNERS now owns 14,012 shares of the coffee company’s stock valued at $1,281,000 after purchasing an additional 3,325 shares during the last quarter. Finally, City State Bank boosted its position in Starbucks by 17.3% during the first quarter. City State Bank now owns 6,314 shares of the coffee company’s stock worth $577,000 after purchasing an additional 930 shares during the period. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Starbucks Stock Up 1.6 %

Shares of NASDAQ SBUX opened at $96.84 on Friday. Starbucks Co. has a 12-month low of $71.55 and a 12-month high of $107.66. The firm has a market cap of $109.69 billion, a PE ratio of 26.68, a P/E/G ratio of 2.08 and a beta of 0.97. The company’s fifty day simple moving average is $94.90 and its 200 day simple moving average is $84.73.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Tuesday, July 30th. The coffee company reported $0.93 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.93. The business had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $9.25 billion. Starbucks had a negative return on equity of 49.38% and a net margin of 11.16%. The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the prior year, the business earned $1.00 EPS. On average, equities analysts predict that Starbucks Co. will post 3.55 earnings per share for the current year.

Insider Transactions at Starbucks

In other Starbucks news, Director Jorgen Vig Knudstorp purchased 380 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average price of $91.50 per share, with a total value of $34,770.00. Following the transaction, the director now owns 36,242 shares in the company, valued at $3,316,143. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $299,916.40. Following the completion of the sale, the chief executive officer now directly owns 62,502 shares of the company’s stock, valued at approximately $5,697,682.32. This 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, Director Jorgen Vig Knudstorp acquired 380 shares of the business’s stock in a transaction on Friday, September 6th. The shares were purchased at an average cost of $91.50 per share, for a total transaction of $34,770.00. Following the completion of the acquisition, the director now directly owns 36,242 shares in the company, valued at approximately $3,316,143. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.98% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts recently commented on SBUX shares. Robert W. Baird raised shares of Starbucks from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $81.00 to $110.00 in a report on Tuesday, August 13th. Deutsche Bank Aktiengesellschaft raised Starbucks from a “hold” rating to a “buy” rating and upped their target price for the company from $85.00 to $118.00 in a research report on Wednesday, August 14th. BTIG Research increased their target price on shares of Starbucks from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday. Wedbush reiterated a “neutral” rating and issued a $80.00 price target on shares of Starbucks in a research report on Tuesday, August 13th. Finally, Citigroup raised their price objective on Starbucks from $98.00 to $99.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.44.

Starbucks Company 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.