Cozad Asset Management Inc. Sells 125 Shares of Starbucks Co. (NASDAQ:SBUX)

Cozad Asset Management Inc. cut its stake in Starbucks Co. (NASDAQ:SBUX) by 5.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,349 shares of the coffee company’s stock after selling 125 shares during the period. Cozad Asset Management Inc.’s holdings in Starbucks were worth $214,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Strategic Financial Concepts LLC bought a new position in shares of Starbucks during the 4th quarter worth approximately $62,000. Arizona State Retirement System boosted its holdings in shares of Starbucks by 0.8% during the 4th quarter. Arizona State Retirement System now owns 327,459 shares of the coffee company’s stock worth $29,881,000 after buying an additional 2,722 shares in the last quarter. West Michigan Advisors LLC bought a new position in shares of Starbucks during the 4th quarter worth approximately $265,000. Wernau Asset Management Inc. bought a new position in shares of Starbucks during the 4th quarter worth approximately $258,000. Finally, Investment Management Corp of Ontario lifted its holdings in shares of Starbucks by 48.6% in the 3rd quarter. Investment Management Corp of Ontario now owns 37,584 shares of the coffee company’s stock worth $3,664,000 after purchasing an additional 12,300 shares in the last quarter. 72.29% of the stock is currently owned by institutional investors.

Starbucks Stock Performance

SBUX stock opened at $98.28 on Wednesday. The company has a market capitalization of $111.64 billion, a price-to-earnings ratio of 31.70, a PEG ratio of 3.59 and a beta of 0.99. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $117.46. The stock has a fifty day moving average of $105.05 and a 200-day moving average of $99.30.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share 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 quarter in the prior year, the business posted $0.90 earnings per share. Equities analysts predict that Starbucks Co. will post 2.99 EPS for the current year.

Analyst Ratings Changes

SBUX has been the topic of a number of recent research reports. BMO Capital Markets increased their target price on Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Wedbush increased their target price on Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Barclays increased their target price on Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and issued a $115.00 target price on shares of Starbucks in a report on Friday, January 24th. Finally, Stifel Nicolaus increased their target price on Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Starbucks has a consensus rating of “Moderate Buy” and a consensus target price of $106.12.

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.