Carl P. Sherr & Co. LLC Sells 558 Shares of Starbucks Co. (NASDAQ:SBUX)

Carl P. Sherr & Co. LLC decreased its position in shares of Starbucks Co. (NASDAQ:SBUX) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,328 shares of the coffee company’s stock after selling 558 shares during the period. Carl P. Sherr & Co. LLC’s holdings in Starbucks were worth $1,216,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Financial Life Planners acquired a new position in Starbucks during the 4th quarter worth $25,000. Collier Financial bought a new stake in shares of Starbucks during the fourth quarter worth $27,000. Centricity Wealth Management LLC bought a new stake in shares of Starbucks during the fourth quarter worth $36,000. DT Investment Partners LLC lifted its stake in shares of Starbucks by 39.4% during the third quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock valued at $42,000 after acquiring an additional 121 shares during the period. Finally, Morton Brown Family Wealth LLC boosted its holdings in Starbucks by 43.9% in the fourth quarter. Morton Brown Family Wealth LLC now owns 505 shares of the coffee company’s stock valued at $46,000 after acquiring an additional 154 shares during the last quarter. Institutional investors own 72.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on SBUX shares. UBS Group increased their price objective on shares of Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Barclays boosted their price objective on shares of Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Stifel Nicolaus increased their target price on shares of Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Royal Bank of Canada reissued an “outperform” rating and issued a $115.00 price target on shares of Starbucks in a report on Friday, January 24th. Finally, BMO Capital Markets upped their price objective on shares of Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $105.33.

Starbucks Stock Down 1.4 %

SBUX stock opened at $111.75 on Friday. The company has a market cap of $126.94 billion, a price-to-earnings ratio of 36.05, a P/E/G ratio of 3.59 and a beta of 1.00. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $114.68. The business has a 50 day moving average price of $99.72 and a two-hundred day moving average price of $97.15.

Starbucks (NASDAQ:SBUX) last released its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.01. Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. During the same period in the previous year, the firm earned $0.90 earnings per share. On average, equities research analysts anticipate that Starbucks Co. will post 2.99 EPS for the current fiscal year.

About Starbucks

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.