Clarius Group LLC Sells 835 Shares of Starbucks Co. (NASDAQ:SBUX)

Clarius Group LLC decreased its position in shares of Starbucks Co. (NASDAQ:SBUX) by 1.2% during the 3rd quarter, Holdings Channel reports. The fund owned 66,672 shares of the coffee company’s stock after selling 835 shares during the quarter. Clarius Group LLC’s holdings in Starbucks were worth $6,504,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL bought a new position in shares of Starbucks during the 2nd quarter valued at about $25,000. Vima LLC acquired a new stake in Starbucks during the 4th quarter valued at $26,000. Scarborough Advisors LLC bought a new position in Starbucks during the fourth quarter worth $26,000. New Millennium Group LLC bought a new position in shares of Starbucks in the second quarter valued at about $26,000. Finally, Stephens Consulting LLC lifted its stake in shares of Starbucks by 498.2% during the 2nd quarter. Stephens Consulting LLC now owns 335 shares of the coffee company’s stock worth $26,000 after buying an additional 279 shares during the last quarter. Institutional investors own 72.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Jefferies Financial Group cut shares of Starbucks from a “hold” rating to an “underperform” rating and lowered their price target for the company from $80.00 to $76.00 in a report on Tuesday, September 24th. Sanford C. Bernstein raised shares of Starbucks from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $92.00 to $115.00 in a report on Thursday, September 26th. Citigroup upped their price target on shares of Starbucks from $98.00 to $99.00 and gave the stock a “neutral” rating in a report on Tuesday. Morgan Stanley reaffirmed an “overweight” rating and set a $98.00 price target on shares of Starbucks in a research note on Wednesday, July 31st. Finally, The Goldman Sachs Group initiated coverage on shares of Starbucks in a research report on Thursday, June 13th. They set a “buy” rating and a $100.00 target price for the company. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, sixteen have given a buy rating and one has given 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 price target of $101.16.

Insider Activity

In other news, Director Jorgen Vig Knudstorp purchased 380 shares of the company’s stock in a transaction on Friday, September 6th. The stock was acquired at an average cost of $91.50 per share, for a total transaction of $34,770.00. Following the completion of the transaction, the director now directly owns 36,242 shares in the company, valued at $3,316,143. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Rachel Ruggeri sold 3,290 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The stock was 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 in the company, valued at $5,697,682.32. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jorgen Vig Knudstorp bought 380 shares of Starbucks stock in a transaction dated Friday, September 6th. The stock was purchased at an average cost of $91.50 per share, for a total transaction of $34,770.00. Following the purchase, the director now owns 36,242 shares of the company’s stock, valued at approximately $3,316,143. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.98% of the company’s stock.

Starbucks Price Performance

Shares of SBUX opened at $94.77 on Friday. The firm has a market capitalization of $107.39 billion, a PE ratio of 26.30, a price-to-earnings-growth ratio of 2.11 and a beta of 0.97. The company has a 50-day simple moving average of $92.47 and a two-hundred day simple moving average of $84.55. Starbucks Co. has a one year low of $71.55 and a one year high of $107.66.

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