Blair William & Co. IL Sells 55,999 Shares of Starbucks Co. (NASDAQ:SBUX)

Blair William & Co. IL trimmed its holdings in Starbucks Co. (NASDAQ:SBUX - Free Report) by 4.2% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,287,827 shares of the coffee company's stock after selling 55,999 shares during the quarter. Blair William & Co. IL owned about 0.11% of Starbucks worth $117,514,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Financial Life Planners purchased a new position in shares of Starbucks during the fourth quarter valued at approximately $25,000. Graney & King LLC purchased a new stake in Starbucks during the 4th quarter valued at $26,000. Collier Financial bought a new position in shares of Starbucks during the 4th quarter valued at $27,000. Runnymede Capital Advisors Inc. bought a new position in shares of Starbucks during the 4th quarter valued at $27,000. Finally, Marshall Investment Management LLC bought a new stake in shares of Starbucks in the fourth quarter worth $30,000. Hedge funds and other institutional investors own 72.29% of the company's stock.

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 company an "outperform" rating in a report on Wednesday, January 29th. Royal Bank of Canada reissued an "outperform" rating and issued a $115.00 price objective on shares of Starbucks in a report on Friday, January 24th. Stifel Nicolaus upped their target price on shares of Starbucks from $110.00 to $114.00 and gave the company a "buy" rating in a report on Monday, January 27th. Wedbush lifted their price target on shares of Starbucks from $95.00 to $100.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. Finally, UBS Group upped their price objective on Starbucks from $98.00 to $105.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Starbucks has an average rating of "Moderate Buy" and an average target price of $106.12.

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Starbucks Trading Down 0.1 %

SBUX traded down $0.10 during trading hours on Monday, hitting $97.63. The company's stock had a trading volume of 4,147,074 shares, compared to its average volume of 11,086,622. The stock has a market cap of $110.90 billion, a price-to-earnings ratio of 31.51, a P/E/G ratio of 3.59 and a beta of 0.99. The business's 50-day moving average price is $105.75 and its 200-day moving average price is $99.55. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $117.46.

Starbucks (NASDAQ:SBUX - Get Free Report) last announced its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (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 in the previous year, the business posted $0.90 EPS. On average, analysts forecast that Starbucks Co. will post 2.99 earnings per share 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.