Campbell Newman Asset Management Inc. lifted its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 2.2% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 19,121 shares of the coffee company’s stock after acquiring an additional 405 shares during the period. Campbell Newman Asset Management Inc.’s holdings in Starbucks were worth $1,421,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of SBUX. Cipher Capital LP acquired a new stake in shares of Starbucks during the fourth quarter worth about $2,261,000. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Starbucks during the fourth quarter worth about $32,000. Mackay Shields LLC lifted its holdings in shares of Starbucks by 55.0% during the fourth quarter. Mackay Shields LLC now owns 625,131 shares of the coffee company’s stock worth $40,259,000 after purchasing an additional 221,699 shares during the period. Standard Life Aberdeen plc lifted its holdings in shares of Starbucks by 5.4% during the third quarter. Standard Life Aberdeen plc now owns 653,570 shares of the coffee company’s stock worth $37,153,000 after purchasing an additional 33,573 shares during the period. Finally, Rainier Group Investment Advisory LLC lifted its holdings in shares of Starbucks by 6.9% during the fourth quarter. Rainier Group Investment Advisory LLC now owns 11,013 shares of the coffee company’s stock worth $709,000 after purchasing an additional 708 shares during the period. Institutional investors and hedge funds own 73.34% of the company’s stock.

Shares of SBUX stock opened at $76.06 on Friday. The company has a debt-to-equity ratio of 7.73, a current ratio of 1.41 and a quick ratio of 1.16. The company has a market cap of $94.59 billion, a PE ratio of 31.43, a price-to-earnings-growth ratio of 2.18 and a beta of 0.51. Starbucks Co. has a 1-year low of $47.37 and a 1-year high of $76.95.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Thursday, January 24th. The coffee company reported $0.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.10. The business had revenue of $6.63 billion during the quarter, compared to the consensus estimate of $6.49 billion. Starbucks had a return on equity of 193.00% and a net margin of 11.98%. The business’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.65 EPS. On average, sell-side analysts forecast that Starbucks Co. will post 2.72 earnings per share for the current fiscal year.

SBUX has been the subject of a number of analyst reports. Mizuho set a $75.00 price target on Starbucks and gave the company a “buy” rating in a report on Thursday, April 11th. BidaskClub raised Starbucks from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 27th. Bank of America set a $75.00 price target on Starbucks and gave the company a “buy” rating in a report on Friday, January 25th. BMO Capital Markets decreased their price target on Starbucks to $60.00 and set a “market perform” rating for the company in a report on Friday, January 11th. They noted that the move was a valuation call. Finally, Wedbush reissued a “hold” rating and issued a $70.00 price target on shares of Starbucks in a report on Thursday. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $69.08.

In other news, EVP Vivek C. Varma sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 6th. The stock was sold at an average price of $69.13, for a total transaction of $3,456,500.00. Following the completion of the transaction, the executive vice president now directly owns 117,640 shares of the company’s stock, valued at approximately $8,132,453.20. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Clifford Burrows sold 152,634 shares of the company’s stock in a transaction that occurred on Tuesday, January 29th. The stock was sold at an average price of $67.22, for a total value of $10,260,057.48. Following the transaction, the insider now directly owns 311,083 shares of the company’s stock, valued at $20,910,999.26. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 565,806 shares of company stock valued at $38,789,988. Corporate insiders own 3.98% of the company’s stock.

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About Starbucks

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.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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