Starbucks Co. (NASDAQ:SBUX) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P decreased its holdings in Starbucks Co. (NASDAQ:SBUX - Free Report) by 3.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,619,083 shares of the coffee company's stock after selling 315,488 shares during the period. Starbucks makes up approximately 94.8% of Loomis Sayles & Co. L P's investment portfolio, making the stock its 21st largest position. Loomis Sayles & Co. L P owned about 0.85% of Starbucks worth $877,741,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Financial Life Planners purchased a new position in Starbucks during the fourth quarter worth approximately $25,000. Graney & King LLC acquired a new position in shares of Starbucks during the 4th quarter valued at about $26,000. Collier Financial purchased a new position in Starbucks during the fourth quarter worth about $27,000. Runnymede Capital Advisors Inc. acquired a new position in Starbucks in the fourth quarter valued at approximately $27,000. Finally, Marshall Investment Management LLC purchased a new position in Starbucks in the fourth quarter worth approximately $30,000. 72.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada reiterated an "outperform" rating and set a $115.00 price target on shares of Starbucks in a report on Friday, January 24th. 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 research report on Wednesday, January 29th. UBS Group upped their price objective on shares of Starbucks from $98.00 to $105.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Wedbush lifted 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. Finally, Stifel Nicolaus raised their price target on Starbucks from $110.00 to $114.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Three analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $106.12.

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Starbucks Stock Performance

SBUX stock traded down $0.17 during midday trading on Monday, reaching $97.57. 3,888,504 shares of the company were exchanged, compared to its average volume of 11,085,891. The company has a market cap of $110.82 billion, a price-to-earnings ratio of 31.49, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $117.46. The stock's 50-day simple moving average is $105.75 and its 200 day simple moving average is $99.55.

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 the consensus estimate 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 company posted $0.90 EPS. On average, research analysts anticipate 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.