Starbucks Co. (SBUX) Shares Sold by Union Bankshares Corp

Share on StockTwits

Union Bankshares Corp decreased its holdings in Starbucks Co. (NASDAQ:SBUX) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 64,213 shares of the coffee company’s stock after selling 1,780 shares during the quarter. Union Bankshares Corp’s holdings in Starbucks were worth $4,135,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of Starbucks by 6.8% in the third quarter. BlackRock Inc. now owns 90,368,884 shares of the coffee company’s stock valued at $5,136,569,000 after buying an additional 5,714,419 shares in the last quarter. Morgan Stanley increased its position in shares of Starbucks by 4.8% in the third quarter. Morgan Stanley now owns 49,371,647 shares of the coffee company’s stock valued at $2,806,283,000 after buying an additional 2,254,701 shares in the last quarter. Magellan Asset Management Ltd increased its position in shares of Starbucks by 17.5% in the third quarter. Magellan Asset Management Ltd now owns 38,067,340 shares of the coffee company’s stock valued at $2,163,748,000 after buying an additional 5,675,224 shares in the last quarter. Polen Capital Management LLC increased its position in shares of Starbucks by 46.8% in the third quarter. Polen Capital Management LLC now owns 18,035,326 shares of the coffee company’s stock valued at $1,025,128,000 after buying an additional 5,748,941 shares in the last quarter. Finally, Loomis Sayles & Co. L P increased its position in shares of Starbucks by 3.6% in the third quarter. Loomis Sayles & Co. L P now owns 17,386,957 shares of the coffee company’s stock valued at $988,275,000 after buying an additional 596,415 shares in the last quarter. Institutional investors and hedge funds own 76.01% of the company’s stock.

Shares of SBUX traded down $0.27 during trading hours on Monday, reaching $63.46. 109,930 shares of the company traded hands, compared to its average volume of 11,950,264. The company has a quick ratio of 1.95, a current ratio of 2.20 and a debt-to-equity ratio of 7.73. The firm has a market cap of $79.25 billion, a P/E ratio of 26.27, a PEG ratio of 1.79 and a beta of 0.53. Starbucks Co. has a fifty-two week low of $47.37 and a fifty-two week high of $68.98.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Thursday, November 1st. The coffee company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. The business had revenue of $6.30 billion for the quarter, compared to analyst estimates of $6.28 billion. Starbucks had a return on equity of 86.33% and a net margin of 18.28%. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.55 earnings per share. As a group, equities analysts expect that Starbucks Co. will post 2.64 EPS for the current fiscal year.

SBUX has been the subject of a number of research analyst reports. Wells Fargo & Co raised their price target on Starbucks from $60.00 to $64.00 and gave the company an “outperform” rating in a research report on Wednesday, October 17th. Citigroup raised their price target on Starbucks from $65.00 to $81.00 and gave the company a “buy” rating in a research report on Monday, November 12th. Argus upgraded Starbucks from a “hold” rating to a “buy” rating and set a $79.00 price target for the company in a research report on Monday, November 12th. Zacks Investment Research cut Starbucks from a “hold” rating to a “sell” rating in a research report on Friday, September 28th. Finally, KeyCorp restated a “buy” rating on shares of Starbucks in a research report on Thursday, October 4th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $66.12.

COPYRIGHT VIOLATION WARNING: “Starbucks Co. (SBUX) Shares Sold by Union Bankshares Corp” was reported by BBNS and is the property of of BBNS. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://baseballnewssource.com/2019/01/14/starbucks-co-sbux-shares-sold-by-union-bankshares-corp/3140179.html.

Starbucks Profile

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink beverages, iced tea, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.

Read More: Trading Ex-Dividend Strategy

Want to see what other hedge funds are holding SBUX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Starbucks Co. (NASDAQ:SBUX).

Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

Receive News & Ratings for Starbucks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Starbucks and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2019 BBNS.