Tibra Equities Europe Ltd Has $4.64 Million Holdings in Starbucks Co. (NASDAQ:SBUX)

Tibra Equities Europe Ltd raised its position in shares of Starbucks Co. (NASDAQ:SBUX) by 18.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,000 shares of the coffee company’s stock after acquiring an additional 11,217 shares during the period. Tibra Equities Europe Ltd’s holdings in Starbucks were worth $4,637,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Veritas Investment Management LLP acquired a new stake in shares of Starbucks during the 4th quarter worth approximately $28,000. Highwater Wealth Management LLC acquired a new stake in shares of Starbucks during the 4th quarter worth approximately $28,000. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Starbucks during the 4th quarter worth approximately $32,000. Clean Yield Group acquired a new stake in shares of Starbucks during the 4th quarter worth approximately $33,000. Finally, Doyle Wealth Management acquired a new stake in shares of Starbucks during the 4th quarter worth approximately $42,000. Institutional investors and hedge funds own 73.36% of the company’s stock.

A number of research analysts have recently issued reports on SBUX shares. Goldman Sachs Group lowered Starbucks from a “buy” rating to a “neutral” rating and decreased their target price for the company from $75.00 to $68.00 in a research report on Friday, January 11th. BMO Capital Markets decreased their target price on Starbucks to $60.00 and set a “market perform” rating on the stock in a research report on Friday, January 11th. They noted that the move was a valuation call. Oppenheimer reiterated an “outperform” rating and set a $72.00 target price (up previously from $70.00) on shares of Starbucks in a research report on Friday, January 25th. CIBC raised their price objective on Starbucks from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Friday, January 25th. Finally, Bank of America set a $75.00 price target on Starbucks and gave the stock a “buy” rating in a report on Friday, January 25th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $68.00.

In related news, insider Clifford Burrows sold 152,634 shares of the business’s stock in a transaction that occurred on Tuesday, January 29th. The stock was sold at an average price of $67.22, for a total transaction of $10,260,057.48. Following the completion of the sale, the insider now owns 311,083 shares in the company, valued at $20,910,999.26. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Vivek C. Varma sold 73,242 shares of the business’s stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $68.36, for a total value of $5,006,823.12. Following the sale, the executive vice president now 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 a total of 565,806 shares of company stock valued at $38,789,988 in the last quarter. Company insiders own 3.98% of the company’s stock.

Shares of SBUX traded down $0.49 during midday trading on Monday, hitting $76.16. The company had a trading volume of 6,459,756 shares, compared to its average volume of 10,429,283. The company has a debt-to-equity ratio of 7.73, a quick ratio of 1.16 and a current ratio of 1.41. The stock has a market capitalization of $94.35 billion, a PE ratio of 31.47, a PEG ratio of 2.17 and a beta of 0.51. Starbucks Co. has a 1 year low of $47.37 and a 1 year high of $76.95.

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 consensus estimate of $0.65 by $0.10. The business had revenue of $6.63 billion during the quarter, compared to analysts’ expectations of $6.49 billion. Starbucks had a return on equity of 193.00% and a net margin of 11.98%. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.65 EPS. Analysts predict that Starbucks Co. will post 2.72 EPS for the current year.

WARNING: This article was first reported by Baseball Daily News and is the property of of Baseball Daily News. If you are viewing this article on another domain, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this article can be accessed at https://www.baseballdailydigest.com/news/2019/04/15/tibra-equities-europe-ltd-has-4-64-million-stake-in-starbucks-co-sbux.html.

Starbucks Profile

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.

Recommended Story: Beta

Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

Receive News & Ratings for Starbucks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Starbucks and related companies with MarketBeat.com's FREE daily email newsletter.