Starbucks Co. (NASDAQ:SBUX) Shares Sold by Fiduciary Group LLC

Fiduciary Group LLC cut its position in shares of Starbucks Co. (NASDAQ:SBUX) by 6.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 75,636 shares of the coffee company’s stock after selling 5,164 shares during the quarter. Fiduciary Group LLC’s holdings in Starbucks were worth $6,902,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Financial Life Planners acquired a new stake in Starbucks during the 4th quarter worth approximately $25,000. Collier Financial acquired a new stake in shares of Starbucks in the fourth quarter worth $27,000. Marshall Investment Management LLC acquired a new stake in shares of Starbucks in the fourth quarter worth $30,000. Noble Wealth Management PBC acquired a new stake in shares of Starbucks in the fourth quarter worth $30,000. Finally, Centricity Wealth Management LLC acquired a new stake in Starbucks in the 4th quarter valued at $36,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SBUX has been the subject of several recent research reports. Barclays increased their price target on Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Argus raised shares of Starbucks from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a report on Tuesday. BMO Capital Markets upped their price objective on shares of Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Wedbush lifted their target price on Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Finally, Stifel Nicolaus increased their price target on Starbucks from $110.00 to $114.00 and gave the company 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, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $106.12.

Starbucks Price Performance

Shares of Starbucks stock opened at $99.19 on Thursday. The business’s fifty day moving average price is $105.18 and its two-hundred day moving average price is $99.30. The company has a market capitalization of $112.67 billion, a P/E ratio of 32.00, a PEG ratio of 3.59 and a beta of 0.99. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $117.46.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 earnings per share 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 previous year, the company earned $0.90 EPS. On average, research analysts expect that Starbucks Co. will post 2.99 earnings per share for the current fiscal 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.