Starbucks Corporation $SBUX Shares Sold by Donald L. Hagan LLC

Donald L. Hagan LLC lowered its stake in Starbucks Corporation (NASDAQ:SBUX) by 1.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,788 shares of the coffee company’s stock after selling 165 shares during the period. Donald L. Hagan LLC’s holdings in Starbucks were worth $1,080,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Union Bancaire Privee UBP SA raised its position in Starbucks by 5.5% in the 2nd quarter. Union Bancaire Privee UBP SA now owns 3,375 shares of the coffee company’s stock valued at $309,000 after purchasing an additional 175 shares in the last quarter. Chicago Capital LLC raised its position in Starbucks by 15.7% in the 2nd quarter. Chicago Capital LLC now owns 45,171 shares of the coffee company’s stock valued at $4,139,000 after purchasing an additional 6,122 shares in the last quarter. Alliance Wealth Advisors LLC raised its position in Starbucks by 2.1% in the 2nd quarter. Alliance Wealth Advisors LLC now owns 5,170 shares of the coffee company’s stock valued at $474,000 after purchasing an additional 108 shares in the last quarter. Janney Capital Management LLC acquired a new stake in Starbucks in the 2nd quarter valued at about $10,664,000. Finally, Janney Montgomery Scott LLC raised its position in shares of Starbucks by 5.2% during the 2nd quarter. Janney Montgomery Scott LLC now owns 252,471 shares of the coffee company’s stock worth $23,134,000 after acquiring an additional 12,377 shares in the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on SBUX shares. TD Securities reissued a “hold” rating and set a $90.00 target price on shares of Starbucks in a research report on Monday, June 23rd. TD Cowen reissued a “hold” rating and set a $95.00 target price on shares of Starbucks in a research report on Thursday, September 25th. Piper Sandler set a $105.00 target price on Starbucks and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. raised their target price on Starbucks from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. Finally, Sanford C. Bernstein raised their target price on Starbucks from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Starbucks currently has a consensus rating of “Moderate Buy” and an average target price of $104.00.

Starbucks Stock Down 1.2%

NASDAQ:SBUX opened at $84.60 on Wednesday. The stock’s 50 day moving average price is $88.09 and its 200 day moving average price is $88.80. The company has a market capitalization of $96.16 billion, a PE ratio of 36.47, a P/E/G ratio of 5.15 and a beta of 1.00. Starbucks Corporation has a 52-week low of $75.50 and a 52-week high of $117.46.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Tuesday, July 29th. The coffee company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.14). The firm had revenue of $9.46 billion for the quarter, compared to analysts’ expectations of $9.29 billion. Starbucks had a negative return on equity of 36.23% and a net margin of 7.18%.The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.93 EPS. As a group, sell-side analysts anticipate that Starbucks Corporation will post 2.99 EPS for the current fiscal year.

Starbucks 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.