Trillium Asset Management LLC Cuts Stake in Starbucks Co. (NASDAQ:SBUX)

Trillium Asset Management LLC decreased its holdings in Starbucks Co. (NASDAQ:SBUX) by 6.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 235,441 shares of the coffee company’s stock after selling 15,289 shares during the period. Trillium Asset Management LLC’s holdings in Starbucks were worth $21,484,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Financial Life Planners purchased a new stake in Starbucks during the 4th quarter valued at $25,000. Collier Financial purchased a new stake in Starbucks during the 4th quarter valued at $27,000. Marshall Investment Management LLC purchased a new stake in Starbucks during the 4th quarter valued at $30,000. Noble Wealth Management PBC purchased a new stake in Starbucks during the 4th quarter valued at $30,000. Finally, Centricity Wealth Management LLC purchased a new stake in Starbucks during the 4th quarter valued at $36,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Starbucks Stock Performance

NASDAQ:SBUX opened at $98.28 on Wednesday. The firm has a market cap of $111.64 billion, a P/E ratio of 31.70, a P/E/G 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 firm has a 50-day simple moving average of $105.05 and a two-hundred day simple moving average of $99.30.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the firm posted $0.90 EPS. On average, equities research analysts predict that Starbucks Co. will post 2.99 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Wedbush increased their price target on shares of Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Royal Bank of Canada restated an “outperform” rating and issued a $115.00 price objective on shares of Starbucks in a report on Friday, January 24th. Wells Fargo & Company upped their price objective on shares of Starbucks from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Barclays upped their price objective on shares of Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Finally, BMO Capital Markets upped their price objective on shares of Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.