Sanctuary Advisors LLC Cuts Position in Starbucks Co. (NASDAQ:SBUX)

Sanctuary Advisors LLC lessened its stake in Starbucks Co. (NASDAQ:SBUX - Free Report) by 6.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 219,293 shares of the coffee company's stock after selling 14,313 shares during the quarter. Sanctuary Advisors LLC's holdings in Starbucks were worth $20,010,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of SBUX. State Street Corp increased its holdings in Starbucks by 1.0% in the third quarter. State Street Corp now owns 45,974,407 shares of the coffee company's stock valued at $4,482,045,000 after buying an additional 437,218 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Starbucks by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 24,277,756 shares of the coffee company's stock valued at $2,358,464,000 after acquiring an additional 333,004 shares during the period. FMR LLC increased its stake in shares of Starbucks by 55.0% in the 3rd quarter. FMR LLC now owns 19,779,859 shares of the coffee company's stock valued at $1,928,339,000 after purchasing an additional 7,015,375 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Starbucks by 100.6% in the 3rd quarter. Wellington Management Group LLP now owns 15,149,937 shares of the coffee company's stock valued at $1,476,967,000 after purchasing an additional 7,598,146 shares in the last quarter. Finally, Fisher Asset Management LLC increased its stake in shares of Starbucks by 2.9% in the 3rd quarter. Fisher Asset Management LLC now owns 11,762,684 shares of the coffee company's stock valued at $1,146,744,000 after purchasing an additional 327,734 shares in the last quarter. Hedge funds and other institutional investors own 72.29% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SBUX. Stifel Nicolaus lifted their price target on Starbucks from $110.00 to $114.00 and gave the company a "buy" rating in a research note on Monday, January 27th. TD Cowen restated a "buy" rating and issued a $110.00 price target on shares of Starbucks in a research note on Monday, November 11th. Wedbush lifted their price target on Starbucks from $95.00 to $100.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Royal Bank of Canada restated an "outperform" rating and issued a $115.00 price target on shares of Starbucks in a research note on Friday, January 24th. Finally, Citigroup lifted their price target on Starbucks from $96.00 to $99.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $105.33.

Starbucks Price Performance

SBUX traded down $1.59 during trading hours on Friday, reaching $111.75. The company's stock had a trading volume of 9,661,850 shares, compared to its average volume of 9,790,830. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $114.68. The stock has a market cap of $126.94 billion, a PE ratio of 36.05, a P/E/G ratio of 3.56 and a beta of 1.00. The business's 50-day moving average is $99.72 and its 200-day moving average is $97.15.

Starbucks (NASDAQ:SBUX - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.01. Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. During the same period in the previous year, the firm earned $0.90 EPS. Analysts expect that Starbucks Co. will post 2.99 EPS for the current year.

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.