Latest Stocks: Valicenti Advisory Services Inc. Purchases 1,257 Shares of Starbucks Co. (SBUX)

Latest Stocks: Valicenti Advisory Services Inc. Purchases 1,257 Shares of Starbucks Co. (SBUX)

Valicenti Advisory Services Inc. raised its stake in Starbucks Co. (NASDAQ:SBUX) by 1.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 80,297 shares of the coffee company’s stock after buying an additional 1,257 shares during the period. Starbucks comprises about 2.6% of Valicenti Advisory Services Inc.’s investment portfolio, making the stock its 15th largest position. Valicenti Advisory Services Inc.’s holdings in Starbucks were worth $4,689,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new position in Starbucks during the fourth quarter valued at approximately $680,375,000. Capital World Investors boosted its position in Starbucks by 30.3% in the third quarter. Capital World Investors now owns 34,697,636 shares of the coffee company’s stock valued at $1,878,530,000 after buying an additional 8,071,610 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in Starbucks during the fourth quarter valued at approximately $172,717,000. Asset Management One Co. Ltd. boosted its position in Starbucks by 794.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 2,587,222 shares of the coffee company’s stock valued at $143,844,000 after buying an additional 2,298,115 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Starbucks during the fourth quarter valued at approximately $113,821,000. Institutional investors and hedge funds own 68.49% of the company’s stock.

Starbucks Co. (SBUX) opened at 64.27 on Tuesday. The company has a market cap of $93.07 billion, a price-to-earnings ratio of 31.79 and a beta of 0.79. The stock has a 50 day moving average price of $61.09 and a 200 day moving average price of $58.05. Starbucks Co. has a 12 month low of $50.84 and a 12 month high of $64.87.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Thursday, April 27th. The coffee company reported $0.45 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.45. Starbucks had a net margin of 13.30% and a return on equity of 51.45%. The firm had revenue of $5.29 billion during the quarter, compared to the consensus estimate of $5.42 billion. During the same quarter in the previous year, the firm posted $0.39 earnings per share. The company’s revenue was up 7.3% on a year-over-year basis. Analysts anticipate that Starbucks Co. will post $2.11 earnings per share for the current fiscal year.

SBUX has been the subject of several recent analyst reports. Jefferies Group LLC restated a “buy” rating and set a $65.00 target price on shares of Starbucks in a research report on Friday, May 12th. Vetr upgraded Starbucks from a “buy” rating to a “strong-buy” rating and set a $64.53 target price for the company in a research report on Monday, March 6th. Wells Fargo & Co restated an “outperform” rating and set a $65.00 target price on shares of Starbucks in a research report on Monday, March 20th. Zacks Investment Research cut Starbucks from a “hold” rating to a “sell” rating in a research report on Tuesday, March 28th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $66.00 target price on shares of Starbucks in a research report on Monday, March 13th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $64.71. In other news, insider Clifford Burrows sold 114,826 shares of Starbucks stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $59.46, for a total transaction of $6,827,553.96. Following the completion of the sale, the insider now owns 363,343 shares of the company’s stock, valued at $21,604,374.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Myron E. Ullman III sold 20,000 shares of Starbucks stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $60.43, for a total transaction of $1,208,600.00. Following the sale, the director now directly owns 34,000 shares of the company’s stock, valued at approximately $2,054,620. The disclosure for this sale can be found here. Insiders own 3.40% of the company’s stock.

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).

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