Fiduciary Group LLC decreased its holdings in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 6.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 75,636 shares of the coffee company's stock after selling 5,164 shares during the period. Fiduciary Group LLC's holdings in Starbucks were worth $6,902,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quest Partners LLC bought a new position in shares of Starbucks during the 3rd quarter valued at $115,000. Caprock Group LLC increased its holdings in shares of Starbucks by 8.6% in the third quarter. Caprock Group LLC now owns 24,066 shares of the coffee company's stock worth $2,346,000 after buying an additional 1,899 shares during the period. BIP Wealth LLC purchased a new position in shares of Starbucks in the third quarter worth about $211,000. Banque Cantonale Vaudoise boosted its holdings in Starbucks by 79.4% during the 3rd quarter. Banque Cantonale Vaudoise now owns 28,000 shares of the coffee company's stock valued at $2,730,000 after acquiring an additional 12,394 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Starbucks during the 3rd quarter valued at about $6,765,000. 72.29% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on SBUX shares. Wedbush boosted their price objective on Starbucks from $95.00 to $100.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Wells Fargo & Company upped their price target on shares of Starbucks from $115.00 to $125.00 and gave the company an "overweight" rating in a report on Tuesday, February 25th. Argus raised shares of 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. BMO Capital Markets boosted their price objective on shares of Starbucks from $110.00 to $115.00 and gave the company an "outperform" rating in a research report on Wednesday, January 29th. Finally, Barclays increased their target price on shares of Starbucks from $119.00 to $124.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $106.12.
Read Our Latest Report on SBUX
Starbucks Stock Down 1.4 %
Shares of Starbucks stock traded down $1.35 on Monday, reaching $95.72. The company's stock had a trading volume of 8,258,116 shares, compared to its average volume of 10,607,246. The company has a market capitalization of $108.73 billion, a price-to-earnings ratio of 30.88, a P/E/G ratio of 3.59 and a beta of 0.99. The firm's fifty day simple moving average is $105.41 and its two-hundred day simple moving average is $99.41. Starbucks Co. has a 52 week low of $71.55 and a 52 week 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 for the quarter, beating 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 earnings per share. As a group, research analysts predict that Starbucks Co. will post 2.99 EPS for the current year.
Starbucks Profile
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Free Report)
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.
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