Csenge Advisory Group Sells 3,050 Shares of Starbucks Co. (NASDAQ:SBUX)

Csenge Advisory Group lowered its holdings in Starbucks Co. (NASDAQ:SBUX - Free Report) by 25.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,040 shares of the coffee company's stock after selling 3,050 shares during the period. Csenge Advisory Group's holdings in Starbucks were worth $825,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Strategic Financial Concepts LLC bought a new stake in shares of Starbucks in the fourth quarter valued at approximately $62,000. Dakota Wealth Management grew its stake in Starbucks by 0.5% during the third quarter. Dakota Wealth Management now owns 55,793 shares of the coffee company's stock valued at $5,439,000 after acquiring an additional 300 shares in the last quarter. Weil Company Inc. grew its stake in Starbucks by 31.2% during the third quarter. Weil Company Inc. now owns 34,580 shares of the coffee company's stock valued at $3,371,000 after acquiring an additional 8,222 shares in the last quarter. Maia Wealth LLC grew its stake in Starbucks by 69.1% during the third quarter. Maia Wealth LLC now owns 18,582 shares of the coffee company's stock valued at $1,805,000 after acquiring an additional 7,596 shares in the last quarter. Finally, Investment Management Corp of Ontario grew its stake in Starbucks by 48.6% during the third quarter. Investment Management Corp of Ontario now owns 37,584 shares of the coffee company's stock valued at $3,664,000 after acquiring an additional 12,300 shares in the last quarter. Institutional investors own 72.29% of the company's stock.

Starbucks Stock Down 1.4 %

Shares of Starbucks stock traded down $1.59 during trading 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 52-week low of $71.55 and a 52-week high of $114.68. The company has a market cap of $126.94 billion, a price-to-earnings ratio of 36.05, a PEG ratio of 3.56 and a beta of 1.00. The firm's 50-day moving average is $99.72 and its two-hundred day moving average is $97.15.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted its quarterly earnings results 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 net margin of 9.73% and a negative return on equity of 44.97%. During the same quarter last year, the company posted $0.90 earnings per share. On average, equities research analysts anticipate that Starbucks Co. will post 2.99 EPS for the current year.

Wall Street Analysts Forecast Growth

SBUX has been the subject of several recent analyst reports. Redburn Atlantic reaffirmed a "sell" rating and set a $77.00 price objective (down previously from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. TD Cowen reaffirmed a "buy" rating and set a $110.00 price objective on shares of Starbucks in a research note on Monday, November 11th. 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 note on Wednesday, January 29th. Stifel Nicolaus boosted their price objective 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. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $115.00 price target on shares of Starbucks in a research note on Friday, January 24th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Starbucks has a consensus rating of "Moderate Buy" and a consensus price target of $105.33.

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.