Vanguard Personalized Indexing Management LLC Buys 4,082 Shares of Starbucks Co. (NASDAQ:SBUX)

Vanguard Personalized Indexing Management LLC raised its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 3.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 112,629 shares of the coffee company’s stock after acquiring an additional 4,082 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Starbucks were worth $8,668,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Scarborough Advisors LLC bought a new stake in shares of Starbucks during the 4th quarter valued at $26,000. Vima LLC bought a new stake in shares of Starbucks during the 4th quarter valued at $26,000. DSM Capital Partners LLC acquired a new position in shares of Starbucks in the 4th quarter valued at $27,000. Fairman Group LLC acquired a new position in shares of Starbucks in the 4th quarter valued at $30,000. Finally, Raleigh Capital Management Inc. grew its holdings in shares of Starbucks by 150.0% in the 4th quarter. Raleigh Capital Management Inc. now owns 330 shares of the coffee company’s stock valued at $32,000 after buying an additional 198 shares during the period. Institutional investors own 72.29% of the company’s stock.

Insider Buying and Selling at Starbucks

In other news, CEO Rachel Ruggeri sold 3,290 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $91.16, for a total transaction of $299,916.40. Following the completion of the transaction, the chief executive officer now owns 62,502 shares of the company’s stock, valued at $5,697,682.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Starbucks news, Director Jorgen Vig Knudstorp purchased 380 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was purchased at an average price of $91.50 per share, with a total value of $34,770.00. Following the completion of the purchase, the director now owns 36,242 shares of the company’s stock, valued at $3,316,143. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Rachel Ruggeri sold 3,290 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $91.16, for a total transaction 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 disclosure for this sale can be found here. Company insiders own 1.98% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Evercore ISI raised shares of Starbucks from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $80.00 to $120.00 in a report on Wednesday, August 14th. Deutsche Bank Aktiengesellschaft raised shares of Starbucks from a “hold” rating to a “buy” rating and boosted their price target for the company from $85.00 to $118.00 in a report on Wednesday, August 14th. BMO Capital Markets boosted their price target on shares of Starbucks from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Monday, September 9th. The Goldman Sachs Group initiated coverage on shares of Starbucks in a research note on Thursday, June 13th. They issued a “buy” rating and a $100.00 target price for the company. Finally, Robert W. Baird raised shares of Starbucks from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $81.00 to $110.00 in a research note on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Starbucks presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.83.

Starbucks Trading Up 0.1 %

NASDAQ SBUX opened at $96.44 on Wednesday. The firm has a market capitalization of $109.29 billion, a price-to-earnings ratio of 26.57, a P/E/G ratio of 2.38 and a beta of 0.96. The firm’s 50 day simple moving average is $85.30 and its 200 day simple moving average is $83.89. Starbucks Co. has a 1 year low of $71.55 and a 1 year high of $107.66.

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