Orion Portfolio Solutions LLC Sells 51,842 Shares of Starbucks Co. (NASDAQ:SBUX)

Orion Portfolio Solutions LLC cut its stake in Starbucks Co. (NASDAQ:SBUX - Free Report) by 25.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 148,463 shares of the coffee company's stock after selling 51,842 shares during the period. Orion Portfolio Solutions LLC's holdings in Starbucks were worth $13,547,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Pictet Asset Management Holding SA boosted its position in Starbucks by 0.7% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,583,296 shares of the coffee company's stock worth $144,476,000 after acquiring an additional 11,262 shares during the period. Norges Bank bought a new stake in shares of Starbucks during the fourth quarter valued at approximately $1,244,812,000. Caisse Des Depots ET Consignations acquired a new position in shares of Starbucks during the fourth quarter valued at $3,073,000. AssuredPartners Investment Advisors LLC bought a new position in Starbucks during the fourth quarter worth about $2,438,000. Finally, NEOS Investment Management LLC increased its holdings in shares of Starbucks by 25.1% in the fourth quarter. NEOS Investment Management LLC now owns 148,056 shares of the coffee company's stock worth $13,510,000 after acquiring an additional 29,690 shares in the last quarter. Institutional investors and hedge funds own 72.29% of the company's stock.

Starbucks Trading Up 0.4 %

SBUX stock traded up $0.36 during mid-day trading on Monday, hitting $98.09. The stock had a trading volume of 11,298,628 shares, compared to its average volume of 11,114,630. The company has a fifty day moving average of $105.75 and a 200 day moving average of $99.55. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $117.46. The stock has a market capitalization of $111.42 billion, a price-to-earnings ratio of 31.64, a PEG ratio of 3.59 and a beta of 0.99.

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Starbucks (NASDAQ:SBUX - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, topping 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 business earned $0.90 EPS. As a group, sell-side analysts expect that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SBUX has been the topic of a number of recent analyst reports. Argus raised Starbucks from a "hold" rating to a "buy" rating and set a $115.00 price target on the stock in a research report on Tuesday, March 18th. Royal Bank of Canada restated an "outperform" rating and issued a $115.00 price target on shares of Starbucks in a research report on Friday, January 24th. BMO Capital Markets raised their price objective on shares of Starbucks from $110.00 to $115.00 and gave the company an "outperform" rating in a research note on Wednesday, January 29th. UBS Group increased 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. Finally, Wedbush boosted their price objective on Starbucks from $95.00 to $100.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Three analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $106.12.

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.