Elo Mutual Pension Insurance Co Sells 4,236 Shares of Starbucks Co. (NASDAQ:SBUX)

Elo Mutual Pension Insurance Co decreased its position in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 3.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 103,413 shares of the coffee company's stock after selling 4,236 shares during the quarter. Elo Mutual Pension Insurance Co's holdings in Starbucks were worth $9,436,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Financial Life Planners acquired a new position in shares of Starbucks in the fourth quarter valued at approximately $25,000. Graney & King LLC bought a new position in shares of Starbucks during the fourth quarter worth about $26,000. Collier Financial bought a new position in shares of Starbucks during the 4th quarter worth approximately $27,000. Runnymede Capital Advisors Inc. acquired a new stake in Starbucks in the 4th quarter valued at $27,000. Finally, Marshall Investment Management LLC bought a new stake in Starbucks during the 4th quarter worth about $30,000. Institutional investors and hedge funds own 72.29% of the company's stock.

Starbucks Price Performance

SBUX stock traded down $0.34 during midday trading on Monday, reaching $97.39. The company had a trading volume of 3,627,260 shares, compared to its average volume of 11,084,640. The company has a market capitalization of $110.62 billion, a price-to-earnings ratio of 31.44, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $117.46. The stock has a 50 day moving average price of $105.75 and a 200-day moving average price of $99.55.

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Starbucks (NASDAQ:SBUX - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share 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 in the prior year, the firm posted $0.90 earnings per share. As a group, research analysts anticipate that Starbucks Co. will post 2.99 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SBUX. UBS Group raised their price objective on Starbucks from $98.00 to $105.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Barclays raised their price target on Starbucks from $119.00 to $124.00 and gave the company an "overweight" rating in a research note on Wednesday, January 29th. Argus raised Starbucks from a "hold" rating to a "buy" rating and set a $115.00 price objective for the company in a report on Tuesday, March 18th. BMO Capital Markets boosted their target price on shares of Starbucks from $110.00 to $115.00 and gave the stock an "outperform" rating in a report on Wednesday, January 29th. Finally, Wells Fargo & Company boosted their price target on Starbucks from $115.00 to $125.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 25th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Starbucks currently has a consensus rating of "Moderate Buy" and an average target price of $106.12.

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.