Fairfield Financial Advisors LTD Invests $41,000 in Starbucks Co. (NASDAQ:SBUX)

Fairfield Financial Advisors LTD bought a new stake in Starbucks Co. (NASDAQ:SBUX) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 528 shares of the coffee company’s stock, valued at approximately $41,000.

Other institutional investors have also added to or reduced their stakes in the company. Cox Capital Mgt LLC raised its holdings in shares of Starbucks by 41.9% during the 1st quarter. Cox Capital Mgt LLC now owns 45,322 shares of the coffee company’s stock valued at $4,142,000 after buying an additional 13,372 shares in the last quarter. Brevan Howard Capital Management LP purchased a new position in shares of Starbucks during the fourth quarter worth approximately $2,781,000. Sanibel Captiva Trust Company Inc. purchased a new stake in shares of Starbucks in the 4th quarter valued at $31,246,000. Fidelis Capital Partners LLC raised its position in Starbucks by 18.7% in the 1st quarter. Fidelis Capital Partners LLC now owns 11,116 shares of the coffee company’s stock worth $1,016,000 after purchasing an additional 1,751 shares during the period. Finally, Bell & Brown Wealth Advisors LLC purchased a new stake in Starbucks during the fourth quarter valued at about $4,048,000. Institutional investors own 72.29% of the company’s stock.

Wall Street Analysts Forecast Growth

SBUX has been the subject of a number of recent research reports. Stifel Nicolaus raised Starbucks from a “hold” rating to a “buy” rating and boosted their target price for the company from $80.00 to $110.00 in a research note on Wednesday, August 14th. Wedbush reissued a “neutral” rating and set a $80.00 price objective on shares of Starbucks in a research note on Tuesday, August 13th. TD Cowen reaffirmed a “buy” rating and issued a $110.00 target price on shares of Starbucks in a research note on Thursday. Robert W. Baird raised shares of Starbucks from a “neutral” rating to an “outperform” rating and increased their price target for the company from $81.00 to $110.00 in a research report on Tuesday, August 13th. Finally, Bank of America upped their price objective on shares of Starbucks from $108.00 to $112.00 and gave the company a “buy” rating in a research note on Monday, June 10th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $99.83.

Insider Activity

In related news, CEO Rachel Ruggeri sold 3,290 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 62,502 shares of the company’s stock, valued at approximately $5,697,682.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Rachel Ruggeri sold 3,290 shares of the business’s 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 transaction, the chief executive officer now owns 62,502 shares in the company, valued at $5,697,682.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Aaron Conway sold 3,250 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $94.03, for a total value of $305,597.50. Following the sale, 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. Corporate insiders own 1.98% of the company’s stock.

Starbucks Trading Down 0.7 %

Shares of NASDAQ:SBUX opened at $98.57 on Monday. Starbucks Co. has a 12-month low of $71.55 and a 12-month high of $107.66. The stock has a market capitalization of $111.70 billion, a price-to-earnings ratio of 27.15, a PEG ratio of 2.38 and a beta of 0.96. The stock has a fifty day simple moving average of $84.39 and a two-hundred day simple moving average of $83.86.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Tuesday, July 30th. The coffee company reported $0.93 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.93. The company had revenue of $9.11 billion for 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%. Starbucks’s revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.00 EPS. As a group, equities research analysts predict that Starbucks Co. will post 3.56 EPS for the current year.

About Starbucks

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.