Starbucks Co. (NASDAQ:SBUX) Stock Holdings Lowered by Marietta Investment Partners LLC

Marietta Investment Partners LLC lessened its stake in Starbucks Co. (NASDAQ:SBUX - Free Report) by 24.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,822 shares of the coffee company's stock after selling 3,130 shares during the period. Marietta Investment Partners LLC's holdings in Starbucks were worth $896,000 as of its most recent SEC filing.

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

Starbucks Stock Up 2.2 %

Starbucks stock traded up $2.09 during mid-day trading on Wednesday, hitting $97.97. 9,559,283 shares of the company's stock traded hands, compared to its average volume of 10,621,459. Starbucks Co. has a one year low of $71.55 and a one year high of $117.46. The company has a market cap of $111.28 billion, a PE ratio of 31.60, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99. The firm has a 50 day moving average price of $105.61 and a 200 day moving average price of $99.47.

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Starbucks (NASDAQ:SBUX - Get Free Report) last announced its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (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 period last year, the firm posted $0.90 earnings per share. On average, analysts expect that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on SBUX shares. Wedbush increased their target price on Starbucks from $95.00 to $100.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. BMO Capital Markets boosted their target price 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. Royal Bank of Canada reaffirmed an "outperform" rating and set a $115.00 price target on shares of Starbucks in a research note on Friday, January 24th. Wells Fargo & Company boosted their price objective on shares of 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 target price on shares of Starbucks from $98.00 to $105.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus 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.