Quintet Private Bank Europe S.A. Lowers Stock Position in Starbucks Co. (NASDAQ:SBUX)

Quintet Private Bank Europe S.A. trimmed its position in Starbucks Co. (NASDAQ:SBUX - Free Report) by 41.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 192,785 shares of the coffee company's stock after selling 135,596 shares during the period. Starbucks accounts for 1.2% of Quintet Private Bank Europe S.A.'s investment portfolio, making the stock its 25th biggest position. Quintet Private Bank Europe S.A.'s holdings in Starbucks were worth $18,509,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of SBUX. DSM Capital Partners LLC purchased a new position in Starbucks in the 4th quarter worth $27,000. Riggs Asset Managment Co. Inc. raised its position in Starbucks by 1,578.9% in the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 319 shares of the coffee company's stock worth $29,000 after purchasing an additional 300 shares during the period. Cypress Capital Management LLC WY raised its position in Starbucks by 133.1% in the 4th quarter. Cypress Capital Management LLC WY now owns 324 shares of the coffee company's stock worth $31,000 after purchasing an additional 185 shares during the period. Atticus Wealth Management LLC raised its position in Starbucks by 153.8% in the 4th quarter. Atticus Wealth Management LLC now owns 330 shares of the coffee company's stock worth $32,000 after purchasing an additional 200 shares during the period. Finally, Raleigh Capital Management Inc. raised its position in Starbucks by 150.0% in the 4th quarter. Raleigh Capital Management Inc. now owns 330 shares of the coffee company's stock worth $32,000 after purchasing an additional 198 shares during the period. 72.29% of the stock is owned by institutional investors.

Insider Transactions at Starbucks

In other news, CEO Michael Aaron Conway sold 3,250 shares of the firm's stock in a transaction on Monday, April 15th. The shares were sold at an average price of $85.39, for a total transaction of $277,517.50. Following the sale, the chief executive officer now directly owns 81,199 shares in the company, valued at approximately $6,933,582.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Starbucks news, CFO Rachel Ruggeri sold 3,750 shares of Starbucks stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $80.00, for a total value of $300,000.00. Following the completion of the transaction, the chief financial officer now directly owns 65,431 shares of the company's stock, valued at approximately $5,234,480. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael Aaron Conway sold 3,250 shares of Starbucks stock in a transaction on Monday, April 15th. The stock was sold at an average price of $85.39, for a total transaction of $277,517.50. Following the completion of the transaction, the chief executive officer now directly owns 81,199 shares of the company's stock, valued at $6,933,582.61. The disclosure for this sale can be found here. Insiders sold a total of 7,750 shares of company stock valued at $642,050 over the last three months. Corporate insiders own 1.98% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Jefferies Financial Group decreased their target price on shares of Starbucks from $94.00 to $84.00 and set a "hold" rating on the stock in a research report on Wednesday, May 1st. Citigroup cut their target price on shares of Starbucks from $95.00 to $85.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 1st. HSBC cut their target price on shares of Starbucks from $107.00 to $84.00 and set a "hold" rating on the stock in a research note on Friday, May 3rd. Stifel Nicolaus dropped their price objective on shares of Starbucks from $90.00 to $80.00 and set a "hold" rating on the stock in a research note on Wednesday, May 1st. Finally, Piper Sandler dropped their price objective on shares of Starbucks from $88.00 to $85.00 and set a "neutral" rating on the stock in a research note on Monday, May 6th. Seventeen analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, Starbucks currently has a consensus rating of "Hold" and a consensus price target of $95.00.

Starbucks Trading Down 0.7 %

SBUX stock traded down $0.59 during midday trading on Friday, reaching $79.65. 7,192,438 shares of the company's stock traded hands, compared to its average volume of 10,999,455. Starbucks Co. has a 52-week low of $71.80 and a 52-week high of $107.66. The stock has a market cap of $90.22 billion, a P/E ratio of 21.94, a PEG ratio of 1.74 and a beta of 0.96. The stock's 50-day moving average is $80.98 and its 200 day moving average is $89.21.

Starbucks (NASDAQ:SBUX - Get Free Report) last announced its earnings results on Tuesday, April 30th. The coffee company reported $0.68 EPS for the quarter, missing analysts' consensus estimates of $0.79 by ($0.11). Starbucks had a net margin of 11.38% and a negative return on equity of 49.91%. The business had revenue of $8.56 billion for the quarter, compared to analysts' expectations of $9.12 billion. During the same period in the prior year, the company posted $0.74 earnings per share. The firm's quarterly revenue was down 1.8% on a year-over-year basis. As a group, research analysts expect that Starbucks Co. will post 3.59 EPS for the current fiscal 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.