Tompkins Financial Corp Has $3.21 Million Position in Starbucks Co. (NASDAQ:SBUX)

Tompkins Financial Corp lowered its stake in Starbucks Co. (NASDAQ:SBUX) by 1.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,425 shares of the coffee company’s stock after selling 510 shares during the period. Tompkins Financial Corp’s holdings in Starbucks were worth $3,212,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Advisory Alpha LLC lifted its position in shares of Starbucks by 4.5% during the first quarter. Advisory Alpha LLC now owns 2,152 shares of the coffee company’s stock valued at $224,000 after purchasing an additional 92 shares in the last quarter. Western Pacific Wealth Management LP lifted its position in shares of Starbucks by 4.2% during the first quarter. Western Pacific Wealth Management LP now owns 2,379 shares of the coffee company’s stock valued at $248,000 after purchasing an additional 95 shares in the last quarter. FLC Capital Advisors lifted its position in shares of Starbucks by 1.2% during the first quarter. FLC Capital Advisors now owns 8,310 shares of the coffee company’s stock valued at $865,000 after purchasing an additional 99 shares in the last quarter. Investment Advisory Services Inc. TX ADV lifted its position in shares of Starbucks by 0.7% during the fourth quarter. Investment Advisory Services Inc. TX ADV now owns 14,194 shares of the coffee company’s stock valued at $1,408,000 after purchasing an additional 100 shares in the last quarter. Finally, Piscataqua Savings Bank lifted its position in shares of Starbucks by 11.3% during the first quarter. Piscataqua Savings Bank now owns 985 shares of the coffee company’s stock valued at $103,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 70.13% of the company’s stock.

Insider Buying and Selling at Starbucks

In other Starbucks news, CFO Rachel Ruggeri sold 679 shares of Starbucks stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $100.60, for a total transaction of $68,307.40. Following the completion of the sale, the chief financial officer now directly owns 54,761 shares in the company, valued at $5,508,956.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.98% of the stock is currently owned by company insiders.

Analyst Ratings Changes

SBUX has been the topic of a number of recent analyst reports. Wedbush dropped their price target on shares of Starbucks from $112.00 to $105.00 in a research report on Wednesday, August 2nd. StockNews.com began coverage on shares of Starbucks in a report on Thursday, August 17th. They set a “buy” rating for the company. Citigroup decreased their price objective on shares of Starbucks from $117.00 to $112.00 and set a “neutral” rating for the company in a report on Monday, July 24th. Barclays decreased their price objective on shares of Starbucks from $127.00 to $123.00 and set an “overweight” rating for the company in a report on Wednesday, August 2nd. Finally, Morgan Stanley restated an “equal weight” rating and set a $104.00 price objective on shares of Starbucks in a report on Wednesday, August 2nd. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Starbucks has a consensus rating of “Moderate Buy” and a consensus target price of $114.76.

Starbucks Stock Down 2.4 %

NASDAQ:SBUX traded down $2.33 during mid-day trading on Tuesday, hitting $94.43. 1,760,163 shares of the stock traded hands, compared to its average volume of 6,206,660. The business’s 50-day moving average price is $99.19 and its 200 day moving average price is $101.43. The company has a market cap of $108.16 billion, a PE ratio of 29.50, a price-to-earnings-growth ratio of 1.69 and a beta of 0.93. Starbucks Co. has a 12-month low of $82.43 and a 12-month high of $115.48.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Tuesday, August 1st. The coffee company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.95 by $0.05. The company had revenue of $9.17 billion during the quarter, compared to analysts’ expectations of $9.29 billion. Starbucks had a net margin of 10.81% and a negative return on equity of 44.46%. Starbucks’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.84 earnings per share. Analysts anticipate that Starbucks Co. will post 3.45 earnings per share for the current fiscal year.

Starbucks Company Profile

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty 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.