Starbucks Co. (NASDAQ:SBUX) Shares Sold by Dillon & Associates Inc.

Dillon & Associates Inc. decreased its position in Starbucks Co. (NASDAQ:SBUX - Free Report) by 19.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 112,194 shares of the coffee company's stock after selling 26,415 shares during the period. Starbucks comprises 1.4% of Dillon & Associates Inc.'s investment portfolio, making the stock its 23rd biggest position. Dillon & Associates Inc.'s holdings in Starbucks were worth $10,210,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Financial Life Planners acquired a new position in Starbucks in the 4th quarter worth about $25,000. Collier Financial acquired a new position in shares of Starbucks during the 4th quarter worth approximately $27,000. Runnymede Capital Advisors Inc. purchased a new position in shares of Starbucks during the 4th quarter valued at approximately $27,000. Marshall Investment Management LLC acquired a new stake in Starbucks in the 4th quarter valued at $30,000. Finally, Noble Wealth Management PBC acquired a new stake in Starbucks in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 72.29% of the company's stock.

Analysts Set New Price Targets

SBUX has been the topic of several recent analyst reports. Wedbush increased their price objective on shares of Starbucks from $95.00 to $100.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Barclays lifted their price objective on Starbucks from $119.00 to $124.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. Stifel Nicolaus increased their target price on Starbucks from $110.00 to $114.00 and gave the company a "buy" rating in a report on Monday, January 27th. Argus upgraded Starbucks from a "hold" rating to a "buy" rating and set a $115.00 price target for the company in a research report on Tuesday, March 18th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $115.00 price objective on shares of Starbucks in a report on Friday, January 24th. Three investment 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 company. 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 Up 1.6 %

SBUX traded up $1.60 during mid-day trading on Thursday, hitting $99.57. 4,149,647 shares of the stock were exchanged, compared to its average volume of 10,599,193. The company has a market cap of $113.10 billion, a PE ratio of 32.15, a PEG ratio of 3.59 and a beta of 0.99. The firm's fifty day moving average is $105.61 and its two-hundred day moving average is $99.47. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $117.46.

Starbucks (NASDAQ:SBUX - Get Free Report) last released its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm posted $0.90 EPS. As a group, 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.