Starbucks Co. (NASDAQ:SBUX) Shares Sold by Vulcan Value Partners LLC

Vulcan Value Partners LLC decreased its position in Starbucks Co. (NASDAQ:SBUX - Free Report) by 17.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 651,366 shares of the coffee company's stock after selling 139,960 shares during the period. Starbucks accounts for about 0.8% of Vulcan Value Partners LLC's investment portfolio, making the stock its 28th biggest position. Vulcan Value Partners LLC owned approximately 0.06% of Starbucks worth $50,677,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Vima LLC purchased a new stake in shares of Starbucks in the 4th quarter worth approximately $26,000. Scarborough Advisors LLC purchased a new stake in Starbucks during the fourth quarter worth $26,000. New Millennium Group LLC bought a new stake in Starbucks during the 2nd quarter valued at $26,000. Stephens Consulting LLC increased its holdings in shares of Starbucks by 498.2% in the 2nd quarter. Stephens Consulting LLC now owns 335 shares of the coffee company's stock valued at $26,000 after acquiring an additional 279 shares during the period. Finally, Hobbs Group Advisors LLC bought a new position in shares of Starbucks in the 2nd quarter worth $27,000. Institutional investors own 72.29% of the company's stock.

Analyst Upgrades and Downgrades

SBUX has been the topic of several analyst reports. Stifel Nicolaus upgraded Starbucks from a "hold" rating to a "buy" rating and lifted their target price for the company from $80.00 to $110.00 in a research note on Wednesday, August 14th. Citigroup raised their price target on shares of Starbucks from $82.00 to $98.00 and gave the company a "neutral" rating in a report on Wednesday, August 14th. DZ Bank lowered shares of Starbucks from a "hold" rating to a "sell" rating and set a $85.00 price objective for the company. in a research note on Wednesday, August 21st. Evercore ISI upgraded shares of Starbucks from an "in-line" rating to an "outperform" rating and raised their target price for the company from $80.00 to $120.00 in a research note on Wednesday, August 14th. Finally, Jefferies Financial Group lowered shares of Starbucks from a "hold" rating to an "underperform" rating and cut their price target for the stock from $80.00 to $76.00 in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Starbucks has a consensus rating of "Moderate Buy" and an average price target of $100.52.

Insider Activity at Starbucks

In related news, CEO Rachel Ruggeri sold 3,290 shares of Starbucks stock in a transaction that occurred on 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 directly owns 62,502 shares in the company, valued at $5,697,682.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Michael Aaron Conway sold 3,250 shares of the business's stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $94.03, for a total value of $305,597.50. Following the completion of the sale, the chief executive officer now directly owns 75,054 shares in the company, valued at $7,057,327.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Rachel Ruggeri sold 3,290 shares of the business's stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $91.16, for a total value of $299,916.40. Following the completion of the sale, the chief executive officer now owns 62,502 shares of the company's stock, valued at $5,697,682.32. The disclosure for this sale can be found here. 1.98% of the stock is owned by company insiders.

Starbucks Price Performance

SBUX stock traded down $0.11 during trading on Friday, hitting $97.36. 6,320,017 shares of the company traded hands, compared to its average volume of 9,885,989. The stock's 50-day simple moving average is $88.74 and its 200 day simple moving average is $84.26. The company has a market cap of $110.28 billion, a PE ratio of 26.82, a P/E/G ratio of 2.26 and a beta of 0.96. Starbucks Co. has a 1 year low of $71.55 and a 1 year high of $107.66.

Starbucks (NASDAQ:SBUX - Get Free Report) last announced its quarterly earnings results on Tuesday, July 30th. The coffee company reported $0.93 earnings per share for the quarter, meeting the consensus estimate of $0.93. The company had revenue of $9.11 billion during the quarter, compared to analysts' expectations of $9.25 billion. Starbucks had a negative return on equity of 49.38% and a net margin of 11.16%. Starbucks's quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the business earned $1.00 earnings per share. Research analysts expect that Starbucks Co. will post 3.56 earnings per share for the current year.

Starbucks Company 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.