Kennon Green & Company LLC Has $2.48 Million Stock Holdings in Starbucks Co. (NASDAQ:SBUX)

Kennon Green & Company LLC decreased its position in shares of Starbucks Co. (NASDAQ:SBUX) by 0.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,165 shares of the coffee company’s stock after selling 188 shares during the quarter. Starbucks makes up approximately 2.1% of Kennon Green & Company LLC’s holdings, making the stock its 17th largest holding. Kennon Green & Company LLC’s holdings in Starbucks were worth $2,479,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Strategic Financial Concepts LLC bought a new stake in shares of Starbucks during the 4th quarter valued at $62,000. Dakota Wealth Management raised its position in shares of Starbucks by 0.5% during the 3rd quarter. Dakota Wealth Management now owns 55,793 shares of the coffee company’s stock valued at $5,439,000 after acquiring an additional 300 shares during the last quarter. Weil Company Inc. raised its position in shares of Starbucks by 31.2% during the 3rd quarter. Weil Company Inc. now owns 34,580 shares of the coffee company’s stock valued at $3,371,000 after acquiring an additional 8,222 shares during the last quarter. Maia Wealth LLC raised its position in shares of Starbucks by 69.1% during the 3rd quarter. Maia Wealth LLC now owns 18,582 shares of the coffee company’s stock valued at $1,805,000 after acquiring an additional 7,596 shares during the last quarter. Finally, Investment Management Corp of Ontario raised its position in shares of Starbucks by 48.6% during the 3rd quarter. Investment Management Corp of Ontario now owns 37,584 shares of the coffee company’s stock valued at $3,664,000 after acquiring an additional 12,300 shares during the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $115.00 target price on shares of Starbucks in a research report on Friday, January 24th. UBS Group upped their price objective on shares of Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Redburn Atlantic restated a “sell” rating and issued a $77.00 price objective (down previously from $84.00) on shares of Starbucks in a research report on Wednesday, November 13th. Wells Fargo & Company upped their price objective on shares of Starbucks from $110.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, November 26th. Finally, Citigroup upped their price objective on shares of Starbucks from $96.00 to $99.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Starbucks presently has an average rating of “Moderate Buy” and an average price target of $105.33.

Starbucks Price Performance

Starbucks stock opened at $111.75 on Friday. Starbucks Co. has a one year low of $71.55 and a one year high of $114.68. 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. The firm has a 50-day moving average of $99.72 and a 200-day moving average of $97.15.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) 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 prior year, the company posted $0.90 earnings per share. As a group, sell-side analysts expect that Starbucks Co. will post 2.99 earnings per share for the current year.

Starbucks Company Profile

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.