Keeler Thomas Management LLC Reduces Stock Holdings in Starbucks Co. (NASDAQ:SBUX)

Keeler Thomas Management LLC lowered its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 7.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 5,507 shares of the coffee company’s stock after selling 458 shares during the quarter. Keeler Thomas Management LLC’s holdings in Starbucks were worth $503,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Financial Life Planners bought a new position in Starbucks in the fourth quarter worth approximately $25,000. Collier Financial bought a new stake in shares of Starbucks during the 4th quarter valued at $27,000. Marshall Investment Management LLC purchased a new stake in shares of Starbucks in the 4th quarter worth $30,000. Centricity Wealth Management LLC bought a new position in Starbucks in the 4th quarter worth $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 valued at $46,000 after purchasing an additional 154 shares in the last quarter. Institutional investors own 72.29% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on SBUX shares. Wedbush upped their price target on Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. UBS Group increased their target price on shares of Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. BMO Capital Markets raised their target price on shares of Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Barclays upped their price target on shares of Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Finally, Redburn Atlantic reissued a “sell” rating and issued a $77.00 price objective (down from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.33.

Starbucks Stock Performance

SBUX stock opened at $113.19 on Tuesday. The firm has a fifty day moving average price of $100.13 and a 200 day moving average price of $97.72. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $114.68. The firm has a market cap of $128.57 billion, a PE ratio of 36.51, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data 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 quarter last year, the company earned $0.90 earnings per share. On average, equities analysts predict that Starbucks Co. will post 2.99 EPS for the current year.

About Starbucks

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.