Cypress Capital Group Lowers Stock Holdings in Starbucks Co. (NASDAQ:SBUX)

Cypress Capital Group lowered its position in Starbucks Co. (NASDAQ:SBUX - Free Report) by 12.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,454 shares of the coffee company's stock after selling 3,386 shares during the quarter. Cypress Capital Group's holdings in Starbucks were worth $2,231,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SBUX. Financial Life Planners acquired a new stake in shares of Starbucks during the 4th quarter worth approximately $25,000. Collier Financial acquired a new stake in shares of Starbucks during the 4th quarter worth approximately $27,000. Marshall Investment Management LLC acquired a new stake in shares of Starbucks during the 4th quarter worth approximately $30,000. Noble Wealth Management PBC acquired a new stake in shares of Starbucks during the 4th quarter worth approximately $30,000. Finally, Centricity Wealth Management LLC acquired a new stake in shares of Starbucks during the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 72.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on SBUX shares. Wells Fargo & Company increased their target price on Starbucks from $115.00 to $125.00 and gave the stock an "overweight" rating in a report on Tuesday, February 25th. Wedbush increased their target price on Starbucks from $95.00 to $100.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Royal Bank of Canada reiterated an "outperform" rating and issued a $115.00 target price on shares of Starbucks in a report on Friday, January 24th. Stifel Nicolaus increased their target price on Starbucks from $110.00 to $114.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Finally, TD Cowen reiterated a "buy" rating and issued a $110.00 target price on shares of Starbucks in a report on Monday, November 11th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Starbucks has a consensus rating of "Moderate Buy" and a consensus target price of $105.75.

Starbucks Stock Performance

NASDAQ SBUX traded down $0.37 during trading on Wednesday, hitting $111.69. 11,925,032 shares of the company's stock traded hands, compared to its average volume of 9,966,491. The stock has a market capitalization of $126.87 billion, a price-to-earnings ratio of 36.03, a PEG ratio of 3.59 and a beta of 1.00. Starbucks Co. has a 12-month low of $71.55 and a 12-month high of $117.46. The business has a 50 day moving average of $103.55 and a 200-day moving average of $98.89.

Starbucks (NASDAQ:SBUX - Get Free Report) 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 in the prior year, the firm earned $0.90 EPS. On average, analysts expect that Starbucks Co. will post 2.99 EPS for the current year.

Starbucks 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.