UNIVEST FINANCIAL Corp Decreases Stake in Starbucks Co. (NASDAQ:SBUX)

UNIVEST FINANCIAL Corp cut its stake in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 42.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 also recently bought and sold shares of the company. Quest Partners LLC bought a new position in Starbucks in the 3rd quarter valued at approximately $115,000. The Manufacturers Life Insurance Company raised its position in Starbucks by 19.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,181,179 shares of the coffee company's stock worth $212,643,000 after buying an additional 357,046 shares during the last quarter. FMR LLC boosted its holdings in Starbucks by 55.0% in the third quarter. FMR LLC now owns 19,779,859 shares of the coffee company's stock worth $1,928,339,000 after purchasing an additional 7,015,375 shares during the last quarter. Avestar Capital LLC boosted its stake in shares of Starbucks by 20.3% in the 3rd quarter. Avestar Capital LLC now owns 7,646 shares of the coffee company's stock worth $745,000 after buying an additional 1,292 shares during the last quarter. Finally, Transamerica Financial Advisors Inc. increased its position in Starbucks by 25.6% during the third quarter. Transamerica Financial Advisors Inc. now owns 7,667 shares of the coffee company's stock valued at $748,000 after acquiring an additional 1,562 shares during the last quarter. Institutional investors own 72.29% of the company's stock.

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Analyst Ratings Changes

Several research analysts have issued reports on the company. Barclays raised their target price on Starbucks from $119.00 to $124.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 29th. Wells Fargo & Company increased their price target on shares of Starbucks from $115.00 to $125.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 25th. Royal Bank of Canada restated an "outperform" rating and issued a $115.00 price objective on shares of Starbucks in a research note on Friday, January 24th. Wedbush boosted their price objective on Starbucks from $95.00 to $100.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Finally, BMO Capital Markets lifted their price target on shares of Starbucks from $110.00 to $115.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $106.12.

Starbucks Stock Down 1.1 %

Shares of NASDAQ SBUX traded down $1.12 during mid-day trading on Friday, reaching $97.73. 8,065,958 shares of the company were exchanged, compared to its average volume of 11,113,862. The stock has a market cap of $111.01 billion, a price-to-earnings ratio of 31.53, a P/E/G ratio of 3.59 and a beta of 0.99. The firm has a 50-day moving average of $105.75 and a 200 day moving average of $99.54. Starbucks Co. has a 1 year low of $71.55 and a 1 year high of $117.46.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued its quarterly 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 quarter last year, the business posted $0.90 EPS. On average, equities analysts forecast that Starbucks Co. will post 2.99 earnings per share for the current year.

Starbucks Company 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.