Baillie Gifford & Co. Sells 5,928 Shares of Starbucks Co. (NASDAQ:SBUX)

Baillie Gifford & Co. decreased its holdings in Starbucks Co. (NASDAQ:SBUX) by 0.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 737,967 shares of the coffee company’s stock after selling 5,928 shares during the quarter. Baillie Gifford & Co. owned 0.06% of Starbucks worth $67,339,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in SBUX. Sierra Ocean LLC bought a new position in shares of Starbucks during the 4th quarter worth approximately $234,000. DDD Partners LLC grew its stake in Starbucks by 22.3% in the 4th quarter. DDD Partners LLC now owns 6,186 shares of the coffee company’s stock valued at $564,000 after buying an additional 1,130 shares in the last quarter. JFS Wealth Advisors LLC grew its position in shares of Starbucks by 4.1% during the 4th quarter. JFS Wealth Advisors LLC now owns 3,406 shares of the coffee company’s stock valued at $311,000 after purchasing an additional 135 shares in the last quarter. Valmark Advisers Inc. grew its position in shares of Starbucks by 2.3% during the 4th quarter. Valmark Advisers Inc. now owns 11,152 shares of the coffee company’s stock valued at $1,018,000 after purchasing an additional 246 shares in the last quarter. Finally, Copperleaf Capital LLC grew its position in shares of Starbucks by 91.3% during the 4th quarter. Copperleaf Capital LLC now owns 18,243 shares of the coffee company’s stock valued at $1,665,000 after purchasing an additional 8,709 shares in the last quarter. Institutional investors own 72.29% of the company’s stock.

Insider Buying and Selling

In related news, CFO Rachel Ruggeri sold 1,491 shares of Starbucks stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $99.54, for a total value of $148,414.14. Following the completion of the transaction, the chief financial officer now owns 80,124 shares in the company, valued at $7,975,542.96. The trade was a 1.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.09% of the stock is owned by insiders.

Starbucks Stock Performance

NASDAQ SBUX opened at $112.55 on Tuesday. The firm has a 50 day simple moving average of $98.28 and a 200-day simple moving average of $96.14. Starbucks Co. has a one year low of $71.55 and a one year high of $113.47. The firm has a market cap of $127.85 billion, a price-to-earnings ratio of 36.31, a PEG ratio of 3.52 and a beta of 1.00.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.68 by $0.01. Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. During the same period last year, the business earned $0.90 earnings per share. Equities analysts predict that Starbucks Co. will post 3 EPS for the current fiscal year.

Analysts Set New Price Targets

SBUX has been the subject of several research reports. Wedbush upped their target price on shares of Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Citigroup upped their price objective on shares of Starbucks from $96.00 to $99.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. BMO Capital Markets boosted their price target on shares of Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and set a $115.00 price target on shares of Starbucks in a research report on Friday, January 24th. Finally, UBS Group upped their price objective on shares of Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Three analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.33.

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.