DeDora Capital Inc. Decreases Holdings in Starbucks Co. (NASDAQ:SBUX)

DeDora Capital Inc. lowered its position in Starbucks Co. (NASDAQ:SBUX) by 6.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,159 shares of the coffee company’s stock after selling 310 shares during the quarter. DeDora Capital Inc.’s holdings in Starbucks were worth $406,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Strategic Investment Solutions Inc. IL purchased a new position in shares of Starbucks during the second quarter valued at approximately $25,000. New Millennium Group LLC bought a new position in Starbucks during the second quarter valued at approximately $26,000. Stephens Consulting LLC raised its holdings in shares of Starbucks by 498.2% in the second quarter. Stephens Consulting LLC now owns 335 shares of the coffee company’s stock worth $26,000 after buying an additional 279 shares during the period. Hobbs Group Advisors LLC purchased a new stake in shares of Starbucks in the second quarter worth approximately $27,000. Finally, Olistico Wealth LLC purchased a new stake in shares of Starbucks in the second quarter worth approximately $31,000. Institutional investors own 72.29% of the company’s stock.

Starbucks Price Performance

NASDAQ SBUX traded down $0.12 on Tuesday, hitting $96.33. 308,558 shares of the stock were exchanged, compared to its average volume of 11,314,083. The business’s fifty day moving average is $95.29 and its 200 day moving average is $84.73. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $107.66. The company has a market capitalization of $109.11 billion, a PE ratio of 26.57, a P/E/G ratio of 2.14 and a beta of 0.97.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Tuesday, July 30th. The coffee company reported $0.93 EPS for the quarter, meeting the consensus estimate of $0.93. Starbucks had a net margin of 11.16% and a negative return on equity of 49.38%. The firm had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $9.25 billion. During the same period in the previous year, the company earned $1.00 earnings per share. The company’s quarterly revenue was down .6% on a year-over-year basis. Analysts predict that Starbucks Co. will post 3.55 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on the company. Sanford C. Bernstein upgraded Starbucks from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $92.00 to $115.00 in a report on Thursday, September 26th. Oppenheimer reissued a “market perform” rating on shares of Starbucks in a research report on Monday, August 26th. Citigroup raised their price objective on Starbucks from $98.00 to $99.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. Stifel Nicolaus raised Starbucks from a “hold” rating to a “buy” rating and lifted their price target for the stock from $80.00 to $110.00 in a research report on Wednesday, August 14th. Finally, BTIG Research lifted their price objective on Starbucks from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $102.44.

Insider Transactions at Starbucks

In other news, CEO Rachel Ruggeri sold 3,290 shares of Starbucks stock in a transaction 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 in the company, valued at $5,697,682.32. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Starbucks news, CEO Michael Aaron Conway sold 3,250 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $94.03, for a total transaction of $305,597.50. Following the sale, the chief executive officer now directly owns 75,054 shares of the company’s stock, valued at $7,057,327.62. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Rachel Ruggeri sold 3,290 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $91.16, for a total value of $299,916.40. Following the sale, the chief executive officer now owns 62,502 shares in the company, valued at approximately $5,697,682.32. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.98% of the company’s stock.

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.