Starbucks Co. (NASDAQ:SBUX) Shares Sold by Lazari Capital Management Inc.

Lazari Capital Management Inc. decreased its position in Starbucks Co. (NASDAQ:SBUX) by 1.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 15,745 shares of the coffee company’s stock after selling 293 shares during the period. Starbucks comprises approximately 0.9% of Lazari Capital Management Inc.’s portfolio, making the stock its 22nd biggest holding. Lazari Capital Management Inc.’s holdings in Starbucks were worth $1,512,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Orca Investment Management LLC grew its holdings in Starbucks by 6.6% in the fourth quarter. Orca Investment Management LLC now owns 7,494 shares of the coffee company’s stock valued at $719,000 after purchasing an additional 466 shares during the last quarter. Cerity Partners LLC lifted its position in shares of Starbucks by 481.9% in the fourth quarter. Cerity Partners LLC now owns 1,547,411 shares of the coffee company’s stock valued at $148,567,000 after acquiring an additional 1,281,471 shares in the last quarter. Summa Corp. purchased a new stake in shares of Starbucks in the fourth quarter valued at $384,000. Brevan Howard Capital Management LP purchased a new stake in shares of Starbucks in the fourth quarter valued at $2,781,000. Finally, FFT Wealth Management LLC purchased a new stake in shares of Starbucks in the fourth quarter valued at $209,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Stock Performance

Shares of SBUX stock traded down $0.59 during trading hours on Friday, reaching $79.65. The company had a trading volume of 7,192,438 shares, compared to its average volume of 10,999,455. Starbucks Co. has a twelve month low of $71.80 and a twelve month high of $107.66. The company has a market capitalization of $90.22 billion, a P/E ratio of 21.94, a price-to-earnings-growth ratio of 1.74 and a beta of 0.96. The stock’s fifty day simple moving average is $80.98 and its 200 day simple moving average is $89.29.

Starbucks (NASDAQ:SBUX) last posted its earnings results on Tuesday, April 30th. The coffee company reported $0.68 earnings per share (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 company had revenue of $8.56 billion during the quarter, compared to analyst estimates of $9.12 billion. During the same quarter last year, the business posted $0.74 EPS. Starbucks’s quarterly revenue was down 1.8% compared to the same quarter last year. As a group, equities analysts expect that Starbucks Co. will post 3.59 earnings per share for the current year.

Insider Buying and Selling at Starbucks

In other Starbucks news, CEO Michael Aaron Conway sold 3,250 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 81,199 shares in the company, valued at approximately $6,933,582.61. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Starbucks news, CFO Rachel Ruggeri sold 3,750 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $80.00, for a total transaction of $300,000.00. Following the transaction, the chief financial officer now owns 65,431 shares of the company’s stock, valued at approximately $5,234,480. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Michael Aaron Conway sold 3,250 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $85.39, for a total value of $277,517.50. Following the transaction, the chief executive officer now directly owns 81,199 shares in the company, valued at approximately $6,933,582.61. The disclosure for this sale can be found here. Insiders sold a total of 7,750 shares of company stock worth $642,050 in the last 90 days. 1.98% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Jefferies Financial Group reduced their price objective on Starbucks from $94.00 to $84.00 and set a “hold” rating on the stock in a research report on Wednesday, May 1st. Wells Fargo & Company reduced their price objective on Starbucks from $105.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 1st. Robert W. Baird reduced their target price on Starbucks from $106.00 to $100.00 and set a “neutral” rating on the stock in a research report on Monday, March 18th. William Blair downgraded Starbucks from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 1st. Finally, The Goldman Sachs Group started coverage on Starbucks in a research report on Thursday. They set a “buy” rating and a $100.00 target price on the stock. Seventeen equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Starbucks presently has a consensus rating of “Hold” and a consensus price target of $95.00.

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.