Rowlandmiller & PARTNERS.ADV Decreases Stock Position in Starbucks Co. (NASDAQ:SBUX)

Rowlandmiller & PARTNERS.ADV lessened its position in Starbucks Co. (NASDAQ:SBUX) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,669 shares of the coffee company’s stock after selling 100 shares during the quarter. Rowlandmiller & PARTNERS.ADV’s holdings in Starbucks were worth $1,339,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SBUX. Financial Life Planners purchased a new position in shares of Starbucks in the fourth quarter valued at approximately $25,000. Collier Financial purchased a new position in Starbucks during the fourth quarter worth approximately $27,000. Marshall Investment Management LLC purchased a new position in Starbucks during the fourth quarter worth approximately $30,000. Centricity Wealth Management LLC purchased a new position in Starbucks during the fourth quarter worth approximately $36,000. Finally, Morton Brown Family Wealth LLC lifted its position in Starbucks by 43.9% during the fourth 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. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on SBUX. Barclays lifted their price objective on Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and set a $115.00 price objective on shares of Starbucks in a research report on Friday, January 24th. TD Cowen reiterated a “buy” rating and set a $110.00 price objective on shares of Starbucks in a research report on Monday, November 11th. UBS Group lifted their price objective on Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Finally, Stifel Nicolaus raised their target price on Starbucks from $110.00 to $114.00 and gave the stock 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 assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.33.

Starbucks Price Performance

SBUX opened at $111.75 on Monday. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $114.68. The stock has a market capitalization of $126.94 billion, a price-to-earnings ratio of 36.05, a PEG ratio of 3.59 and a beta of 1.00. The business has a fifty day moving average price of $99.72 and a 200 day moving average price of $97.46.

Starbucks (NASDAQ:SBUX) last released 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 quarter in the previous year, the business posted $0.90 earnings per share. On average, research analysts anticipate that Starbucks Co. will post 2.99 earnings per share 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.