Starbucks Co. (NASDAQ:SBUX) Stock Position Reduced by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT lessened its stake in Starbucks Co. (NASDAQ:SBUX - Free Report) by 1.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 167,952 shares of the coffee company's stock after selling 2,699 shares during the quarter. Bradley Foster & Sargent Inc. CT's holdings in Starbucks were worth $15,326,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Financial Life Planners purchased a new position in shares of Starbucks in the 4th quarter valued at about $25,000. Collier Financial purchased a new stake in Starbucks in the fourth quarter valued at approximately $27,000. Centricity Wealth Management LLC purchased a new stake in Starbucks in the fourth quarter valued at approximately $36,000. DT Investment Partners LLC lifted its stake in Starbucks by 39.4% in the third quarter. DT Investment Partners LLC now owns 428 shares of the coffee company's stock valued at $42,000 after buying an additional 121 shares during the last quarter. Finally, FSA Wealth Management LLC purchased a new stake in Starbucks in the third quarter valued at approximately $49,000. Hedge funds and other institutional investors own 72.29% of the company's stock.

Starbucks Stock Performance

Shares of SBUX stock traded down $1.59 during trading hours on Friday, reaching $111.75. The company had a trading volume of 9,661,850 shares, compared to its average volume of 11,212,561. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $114.68. The company has a market capitalization of $126.94 billion, a P/E ratio of 36.05, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. The stock's fifty day simple moving average is $99.72 and its 200 day simple moving average is $97.15.

Starbucks (NASDAQ:SBUX - Get Free Report) 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 negative return on equity of 44.97% and a net margin of 9.73%. During the same quarter last year, the firm posted $0.90 earnings per share. As a group, equities analysts expect that Starbucks Co. will post 2.99 earnings per share for the current year.

Wall Street Analyst Weigh In

SBUX has been the subject of a number of research reports. Barclays boosted their price objective on Starbucks from $119.00 to $124.00 and gave the company an "overweight" rating in a research note on Wednesday, January 29th. Royal Bank of Canada reissued an "outperform" rating and issued a $115.00 target price on shares of Starbucks in a report on Friday, January 24th. BMO Capital Markets upped their price objective on Starbucks from $110.00 to $115.00 and gave the stock an "outperform" rating in a report on Wednesday, January 29th. TD Cowen reaffirmed a "buy" rating and set a $110.00 price objective on shares of Starbucks in a report on Monday, November 11th. Finally, UBS Group upped their price objective on Starbucks from $98.00 to $105.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Three analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $105.33.

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.