Sei Investments Co. Lowers Position in Starbucks Co. (NASDAQ:SBUX)

Sei Investments Co. reduced its position in Starbucks Co. (NASDAQ:SBUX - Free Report) by 72.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 266,975 shares of the coffee company's stock after selling 719,601 shares during the period. Sei Investments Co.'s holdings in Starbucks were worth $24,366,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP lifted its stake in shares of Starbucks by 100.6% during the 3rd quarter. Wellington Management Group LLP now owns 15,149,937 shares of the coffee company's stock valued at $1,476,967,000 after buying an additional 7,598,146 shares in the last quarter. FMR LLC lifted its position in shares of Starbucks by 55.0% during the third quarter. FMR LLC now owns 19,779,859 shares of the coffee company's stock worth $1,928,339,000 after acquiring an additional 7,015,375 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Starbucks in the fourth quarter worth $284,283,000. Assenagon Asset Management S.A. boosted its holdings in shares of Starbucks by 1,491.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,808,571 shares of the coffee company's stock worth $256,282,000 after acquiring an additional 2,632,087 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Starbucks by 1,078.5% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,545,419 shares of the coffee company's stock valued at $248,153,000 after purchasing an additional 2,329,431 shares during the period. 72.29% of the stock is owned by hedge funds and other institutional investors.

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Starbucks Price Performance

Starbucks stock traded down $1.12 during trading hours on Friday, reaching $97.73. The stock had a trading volume of 8,065,958 shares, compared to its average volume of 11,113,862. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $117.46. The stock has a market cap of $111.01 billion, a PE ratio of 31.53, a PEG ratio of 3.59 and a beta of 0.99. The company has a fifty day simple moving average of $105.75 and a 200-day simple moving average of $99.55.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 earnings per share 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 company posted $0.90 EPS. Research analysts predict that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on SBUX shares. BMO Capital Markets raised their target price on Starbucks from $110.00 to $115.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 29th. 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. Wells Fargo & Company upped their target price on shares of Starbucks from $115.00 to $125.00 and gave the stock an "overweight" rating in a report on Tuesday, February 25th. Barclays increased 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. Finally, Wedbush boosted their price target on shares of Starbucks from $95.00 to $100.00 and gave the company 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 given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus 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.