Motley Fool Wealth Management LLC Has $403,000 Stock Position in Starbucks Co. (NASDAQ:SBUX)

Motley Fool Wealth Management LLC lowered its stake in Starbucks Co. (NASDAQ:SBUX - Free Report) by 95.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,404 shares of the coffee company's stock after selling 88,177 shares during the quarter. Motley Fool Wealth Management LLC's holdings in Starbucks were worth $403,000 at the end of the most recent quarter.

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

Starbucks Price Performance

Shares of Starbucks stock traded down $1.12 during trading on Friday, hitting $97.73. 8,065,958 shares of the company's stock traded hands, compared to its average volume of 11,113,862. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $117.46. The company has a market cap of $111.01 billion, a PE ratio of 31.53, a PEG ratio of 3.59 and a beta of 0.99. The firm's fifty day moving average price is $105.75 and its 200 day moving average price is $99.54.

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Starbucks (NASDAQ:SBUX - Get Free Report) last issued its earnings results 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 period in the prior year, the firm posted $0.90 EPS. As a group, equities research analysts anticipate that Starbucks Co. will post 2.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SBUX has been the topic of several research reports. UBS Group upped their price objective on shares of Starbucks from $98.00 to $105.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Barclays increased their price target on shares of Starbucks from $119.00 to $124.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 29th. Wedbush lifted their price objective on shares of Starbucks from $95.00 to $100.00 and gave the company a "neutral" 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 target price for the company in a research report on Tuesday, March 18th. Finally, Stifel Nicolaus raised their target price on shares of Starbucks from $110.00 to $114.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Starbucks has an average rating of "Moderate Buy" and an average price target of $106.12.

About Starbucks

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.