Lcnb Corp Acquires 210 Shares of Starbucks Co. (SBUX)

Lcnb Corp lifted its holdings in Starbucks Co. (NASDAQ:SBUX) by 1.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,770 shares of the coffee company’s stock after purchasing an additional 210 shares during the period. Lcnb Corp’s holdings in Starbucks were worth $758,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Highwater Wealth Management LLC acquired a new stake in shares of Starbucks during the fourth quarter worth approximately $28,000. Veritas Investment Management LLP acquired a new stake in shares of Starbucks during the fourth quarter worth approximately $28,000. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Starbucks during the fourth quarter worth approximately $32,000. Clean Yield Group acquired a new stake in shares of Starbucks during the fourth quarter worth approximately $33,000. Finally, Doyle Wealth Management acquired a new stake in shares of Starbucks during the fourth quarter worth approximately $42,000. 73.36% of the stock is currently owned by institutional investors.

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

Several analysts recently commented on the stock. BidaskClub upgraded shares of Starbucks from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 27th. Zacks Investment Research upgraded shares of Starbucks from a “hold” rating to a “buy” rating and set a $73.00 price target for the company in a report on Monday, January 28th. Bank of America set a $75.00 price target on shares of Starbucks and gave the stock a “buy” rating in a report on Friday, January 25th. CIBC raised their price target on shares of Starbucks from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday, January 25th. Finally, Oppenheimer restated an “outperform” rating and set a $72.00 price target (up from $70.00) on shares of Starbucks in a report on Friday, January 25th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Starbucks currently has a consensus rating of “Buy” and an average target price of $67.01.

Shares of SBUX opened at $73.96 on Tuesday. The company has a market cap of $92.45 billion, a P/E ratio of 30.56, a price-to-earnings-growth ratio of 2.13 and a beta of 0.51. The company has a debt-to-equity ratio of 7.73, a quick ratio of 1.16 and a current ratio of 1.41. Starbucks Co. has a twelve month low of $47.37 and a twelve month high of $74.93.

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

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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.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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