Cobblestone Capital Advisors LLC NY Cuts Position in Starbucks Co. (NASDAQ:SBUX)

Cobblestone Capital Advisors LLC NY lowered its position in shares of Starbucks Co. (NASDAQ:SBUX) by 2.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 6,415 shares of the coffee company’s stock after selling 192 shares during the quarter. Cobblestone Capital Advisors LLC NY’s holdings in Starbucks were worth $585,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SBUX. Financial Life Planners purchased a new position in Starbucks in the fourth quarter valued at about $25,000. Collier Financial acquired a new stake in shares of Starbucks in the fourth quarter valued at about $27,000. Marshall Investment Management LLC purchased a new stake in shares of Starbucks during the 4th quarter valued at about $30,000. Centricity Wealth Management LLC purchased a new stake in shares of Starbucks during the fourth quarter valued at approximately $36,000. Finally, Morton Brown Family Wealth LLC lifted its holdings in Starbucks by 43.9% in the 4th quarter. Morton Brown Family Wealth LLC now owns 505 shares of the coffee company’s stock worth $46,000 after buying an additional 154 shares in the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Wedbush increased their target price on Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Barclays lifted their target price on Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Redburn Atlantic reissued a “sell” rating and set a $77.00 price target (down previously from $84.00) on shares of Starbucks in a report on Wednesday, November 13th. UBS Group increased their price objective on Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Finally, Stifel Nicolaus raised their target price on shares of Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $105.75.

Starbucks Stock Performance

Starbucks stock opened at $115.81 on Friday. The company has a 50 day moving average price of $102.11 and a 200 day moving average price of $98.49. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $116.09. The firm has a market capitalization of $131.55 billion, a price-to-earnings ratio of 37.36, a P/E/G ratio of 3.59 and a beta of 1.00.

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

Starbucks 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.