Starbucks Co. (NASDAQ:SBUX) Shares Sold by Bedel Financial Consulting Inc.

Bedel Financial Consulting Inc. trimmed its holdings in Starbucks Co. (NASDAQ:SBUX) by 5.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,214 shares of the coffee company’s stock after selling 366 shares during the quarter. Bedel Financial Consulting Inc.’s holdings in Starbucks were worth $567,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Steward Partners Investment Advisory LLC lifted its position in Starbucks by 1.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 132,551 shares of the coffee company’s stock worth $12,095,000 after buying an additional 1,763 shares in the last quarter. Wernau Asset Management Inc. purchased a new position in Starbucks during the fourth quarter worth about $258,000. Keystone Wealth Services LLC raised its stake in Starbucks by 58.3% during the fourth quarter. Keystone Wealth Services LLC now owns 16,069 shares of the coffee company’s stock worth $1,466,000 after purchasing an additional 5,918 shares during the period. Grandfield & Dodd LLC raised its position in shares of Starbucks by 30.3% during the 4th quarter. Grandfield & Dodd LLC now owns 59,297 shares of the coffee company’s stock valued at $5,411,000 after buying an additional 13,796 shares during the period. Finally, Fidelis Capital Partners LLC raised its position in shares of Starbucks by 5.0% during the 4th quarter. Fidelis Capital Partners LLC now owns 8,227 shares of the coffee company’s stock valued at $751,000 after buying an additional 395 shares during the period. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on SBUX shares. Wedbush lifted their target price on Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Barclays boosted their price target on shares of Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and issued a $115.00 price objective on shares of Starbucks in a report on Friday, January 24th. Redburn Atlantic reaffirmed a “sell” rating and set a $77.00 target price (down from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. Finally, Stifel Nicolaus upped their price target on Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Starbucks presently has an average rating of “Moderate Buy” and an average price target of $105.75.

Starbucks Price Performance

Starbucks stock opened at $115.41 on Tuesday. The stock’s 50-day moving average is $102.67 and its 200-day moving average is $98.68. The company has a market cap of $131.09 billion, a price-to-earnings ratio of 37.23, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $117.46.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 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 last year, the business earned $0.90 EPS. Research analysts anticipate that Starbucks Co. will post 2.99 EPS 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.