Financial Counselors Inc. Lowers Stock Holdings in Starbucks Co. (NASDAQ:SBUX)

Financial Counselors Inc. trimmed its position in Starbucks Co. (NASDAQ:SBUX - Free Report) by 2.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 192,609 shares of the coffee company's stock after selling 5,352 shares during the period. Financial Counselors Inc.'s holdings in Starbucks were worth $17,576,000 as of its most recent SEC filing.

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

Starbucks Trading Down 1.1 %

NASDAQ SBUX traded down $1.12 on Friday, hitting $97.73. The company's stock had a trading volume of 8,065,958 shares, compared to its average volume of 11,113,862. The firm has a market cap of $111.01 billion, a P/E ratio of 31.53, a PEG ratio of 3.59 and a beta of 0.99. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $117.46. The company's 50-day simple moving average is $105.75 and its 200 day simple moving average is $99.54.

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Starbucks (NASDAQ:SBUX - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, topping 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 last year, the business earned $0.90 earnings per share. On average, research analysts forecast that Starbucks Co. will post 2.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Wedbush boosted their target price on shares of Starbucks from $95.00 to $100.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Royal Bank of Canada reissued an "outperform" rating and set a $115.00 price objective on shares of Starbucks in a report on Friday, January 24th. Argus raised Starbucks from a "hold" rating to a "buy" rating and set a $115.00 target price for the company in a report on Tuesday, March 18th. Wells Fargo & Company upped their price target on Starbucks from $115.00 to $125.00 and gave the company an "overweight" rating in a research report on Tuesday, February 25th. Finally, UBS Group raised their price objective on shares of Starbucks from $98.00 to $105.00 and gave the company a "neutral" rating in a research 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's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $106.12.

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.