Norman Fields Gottscho Capital Management LLC Reduces Holdings in Starbucks Co. (SBUX)

Norman Fields Gottscho Capital Management LLC lessened its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 0.3% during the 1st quarter, Holdings Channel reports. The firm owned 87,488 shares of the coffee company’s stock after selling 262 shares during the quarter. Starbucks comprises approximately 3.4% of Norman Fields Gottscho Capital Management LLC’s investment portfolio, making the stock its 6th largest position. Norman Fields Gottscho Capital Management LLC’s holdings in Starbucks were worth $6,504,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in SBUX. Orrstown Financial Services Inc. lifted its stake in shares of Starbucks by 1.2% in the 1st quarter. Orrstown Financial Services Inc. now owns 12,844 shares of the coffee company’s stock valued at $955,000 after purchasing an additional 147 shares during the period. Gardiner Nancy B raised its position in Starbucks by 2.8% during the fourth quarter. Gardiner Nancy B now owns 5,700 shares of the coffee company’s stock worth $367,000 after acquiring an additional 156 shares during the period. Kistler Tiffany Companies LLC raised its position in Starbucks by 1.8% during the fourth quarter. Kistler Tiffany Companies LLC now owns 9,319 shares of the coffee company’s stock worth $600,000 after acquiring an additional 162 shares during the period. Old North State Trust LLC raised its position in Starbucks by 26.7% during the fourth quarter. Old North State Trust LLC now owns 822 shares of the coffee company’s stock worth $52,000 after acquiring an additional 173 shares during the period. Finally, Tiemann Investment Advisors LLC raised its position in Starbucks by 3.5% during the fourth quarter. Tiemann Investment Advisors LLC now owns 5,160 shares of the coffee company’s stock worth $332,000 after acquiring an additional 175 shares during the period. 73.34% of the stock is currently owned by institutional investors.

Starbucks stock opened at $75.12 on Thursday. Starbucks Co. has a 52-week low of $47.37 and a 52-week high of $76.95. The firm has a market cap of $93.72 billion, a PE ratio of 31.04, a price-to-earnings-growth ratio of 2.18 and a beta of 0.51. The company has a quick ratio of 1.16, a current ratio of 1.41 and a debt-to-equity ratio of 7.73.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Thursday, January 24th. The coffee company reported $0.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.10. Starbucks had a net margin of 11.98% and a return on equity of 193.00%. The firm had revenue of $6.63 billion during the quarter, compared to analyst estimates of $6.49 billion. During the same quarter in the prior year, the firm posted $0.65 earnings per share. Starbucks’s quarterly revenue was up 9.2% on a year-over-year basis. Equities research analysts anticipate that Starbucks Co. will post 2.72 EPS for the current fiscal year.

In related news, EVP Vivek C. Varma sold 50,000 shares of the company’s stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $69.13, for a total value of $3,456,500.00. Following the completion of the sale, the executive vice president now owns 117,640 shares of the company’s stock, valued at $8,132,453.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Vivek C. Varma sold 73,242 shares of the company’s stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $68.36, for a total transaction of $5,006,823.12. Following the completion of the sale, the executive vice president now directly owns 140,882 shares of the company’s stock, valued at approximately $9,630,693.52. The disclosure for this sale can be found here. Insiders sold 565,806 shares of company stock valued at $38,789,988 in the last three months. 3.98% of the stock is currently owned by insiders.

A number of research firms have weighed in on SBUX. Wedbush restated a “hold” rating and set a $70.00 price objective on shares of Starbucks in a research report on Thursday. Oppenheimer restated an “outperform” rating and set a $72.00 price objective (up from $70.00) on shares of Starbucks in a research report on Friday, January 25th. Mizuho set a $75.00 price objective on shares of Starbucks and gave the stock a “buy” rating in a research report on Thursday, April 11th. BidaskClub lowered shares of Starbucks from a “strong-buy” rating to a “buy” rating in a report on Monday, February 4th. Finally, CIBC upped their target price on shares of Starbucks from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday, January 25th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $68.23.

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About Starbucks

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink beverages, iced tea, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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