Starbucks Co. (NASDAQ:SBUX) Shares Sold by UNIVEST FINANCIAL Corp

UNIVEST FINANCIAL Corp lessened its stake in Starbucks Co. (NASDAQ:SBUX - Free Report) by 42.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,739 shares of the coffee company's stock after selling 4,264 shares during the quarter. UNIVEST FINANCIAL Corp's holdings in Starbucks were worth $524,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of SBUX. Strategic Financial Concepts LLC purchased a new position in Starbucks in the fourth quarter valued at $62,000. Arizona State Retirement System increased its stake in shares of Starbucks by 0.8% in the 4th quarter. Arizona State Retirement System now owns 327,459 shares of the coffee company's stock valued at $29,881,000 after purchasing an additional 2,722 shares in the last quarter. West Michigan Advisors LLC acquired a new position in Starbucks in the 4th quarter worth about $265,000. Wernau Asset Management Inc. purchased a new position in Starbucks during the fourth quarter worth approximately $258,000. Finally, Investment Management Corp of Ontario grew its holdings in Starbucks by 48.6% in 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 purchasing an additional 12,300 shares during the period. Hedge funds and other institutional investors own 72.29% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Stifel Nicolaus increased their target price on Starbucks from $110.00 to $114.00 and gave the company a "buy" rating in a research report on Monday, January 27th. BMO Capital Markets increased their price objective on shares of Starbucks from $110.00 to $115.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th. Barclays boosted their target price on shares of Starbucks from $119.00 to $124.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 29th. UBS Group raised their price target on shares of Starbucks from $98.00 to $105.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Finally, Argus upgraded Starbucks from a "hold" rating to a "buy" rating and set a $115.00 price objective on the stock in a report on Tuesday, March 18th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $106.12.

Starbucks Price Performance

SBUX traded up $0.36 during trading hours on Monday, reaching $98.09. The company's stock had a trading volume of 11,298,628 shares, compared to its average volume of 11,114,407. The stock has a market cap of $111.42 billion, a PE ratio of 31.64, a P/E/G ratio of 3.59 and a beta of 0.99. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $117.46. The business's 50-day moving average is $105.81 and its 200-day moving average is $99.54.

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, beating the consensus estimate 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 firm posted $0.90 EPS. Analysts expect that Starbucks Co. will post 2.99 EPS for the current year.

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.