Buttonwood Financial Advisors Inc. Has $2.49 Million Stock Position in Starbucks Co. (NASDAQ:SBUX)

Buttonwood Financial Advisors Inc. grew its position in Starbucks Co. (NASDAQ:SBUX) by 13.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,180 shares of the coffee company’s stock after purchasing an additional 2,939 shares during the quarter. Starbucks makes up approximately 1.6% of Buttonwood Financial Advisors Inc.’s portfolio, making the stock its 16th largest holding. Buttonwood Financial Advisors Inc.’s holdings in Starbucks were worth $2,494,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. BCK Partners Inc. bought a new stake in shares of Starbucks in the 1st quarter worth approximately $2,640,000. American Century Companies Inc. increased its position in Starbucks by 7.3% in the first quarter. American Century Companies Inc. now owns 27,634 shares of the coffee company’s stock worth $2,514,000 after purchasing an additional 1,872 shares during the period. Roundview Capital LLC raised its stake in shares of Starbucks by 37.5% during the first quarter. Roundview Capital LLC now owns 7,152 shares of the coffee company’s stock worth $651,000 after buying an additional 1,952 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Starbucks during the 1st quarter worth $198,000. Finally, Mather Group LLC. raised its position in shares of Starbucks by 77.5% during the 1st quarter. Mather Group LLC. now owns 6,912 shares of the coffee company’s stock valued at $629,000 after acquiring an additional 3,017 shares during the last quarter. Institutional investors and hedge funds own 70.13% of the company’s stock.

Insider Buying and Selling

In related news, CFO Rachel Ruggeri sold 679 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $100.60, for a total transaction of $68,307.40. Following the completion of the sale, the chief financial officer now owns 54,761 shares of the company’s stock, valued at $5,508,956.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.98% of the stock is owned by corporate insiders.

Analyst Ratings Changes

SBUX has been the topic of several recent analyst reports. Morgan Stanley reissued an “equal weight” rating and set a $104.00 price objective on shares of Starbucks in a research note on Wednesday, August 2nd. Wells Fargo & Company dropped their price target on Starbucks from $125.00 to $120.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 19th. Citigroup decreased their price objective on Starbucks from $117.00 to $112.00 and set a “neutral” rating for the company in a research report on Monday, July 24th. Wedbush dropped their target price on shares of Starbucks from $112.00 to $105.00 in a report on Wednesday, August 2nd. Finally, Stifel Nicolaus dropped their price objective on shares of Starbucks from $117.00 to $110.00 and set a “hold” rating on the stock in a report on Wednesday, August 2nd. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $114.18.

Starbucks Trading Down 1.0 %

NASDAQ SBUX traded down $0.93 during trading on Friday, reaching $96.23. The company’s stock had a trading volume of 8,767,575 shares, compared to its average volume of 5,203,073. Starbucks Co. has a 12 month low of $82.43 and a 12 month high of $115.48. The firm has a 50 day moving average price of $99.18 and a 200 day moving average price of $101.48. The firm has a market capitalization of $110.22 billion, a price-to-earnings ratio of 29.34, a price-to-earnings-growth ratio of 1.71 and a beta of 0.93.

Starbucks (NASDAQ:SBUX) last released its earnings results on Tuesday, August 1st. The coffee company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.05. Starbucks had a negative return on equity of 44.46% and a net margin of 10.81%. The firm had revenue of $9.17 billion during the quarter, compared to analysts’ expectations of $9.29 billion. During the same period in the prior year, the company earned $0.84 earnings per share. The company’s quarterly revenue was up 12.5% on a year-over-year basis. On average, equities analysts forecast that Starbucks Co. will post 3.45 EPS for the current fiscal year.

Starbucks Profile

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty 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.