Wealth Quarterback LLC Has $355,000 Stock Position in Starbucks Co. (NASDAQ:SBUX)

Wealth Quarterback LLC decreased its position in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 63.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,890 shares of the coffee company's stock after selling 6,652 shares during the quarter. Wealth Quarterback LLC's holdings in Starbucks were worth $355,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Kuhn & Co Investment Counsel raised its holdings in Starbucks by 2.3% in the 4th quarter. Kuhn & Co Investment Counsel now owns 4,240 shares of the coffee company's stock worth $387,000 after acquiring an additional 96 shares during the period. Jmac Enterprises LLC lifted its holdings in shares of Starbucks by 1.0% during the fourth quarter. Jmac Enterprises LLC now owns 9,995 shares of the coffee company's stock worth $912,000 after buying an additional 103 shares during the last quarter. Aspire Capital Advisors LLC boosted its position in shares of Starbucks by 0.5% in the fourth quarter. Aspire Capital Advisors LLC now owns 23,210 shares of the coffee company's stock valued at $2,118,000 after acquiring an additional 104 shares during the period. Optas LLC increased its position in Starbucks by 0.6% during the fourth quarter. Optas LLC now owns 16,711 shares of the coffee company's stock worth $1,525,000 after acquiring an additional 105 shares during the period. Finally, Boomfish Wealth Group LLC raised its stake in Starbucks by 0.7% during the 4th quarter. Boomfish Wealth Group LLC now owns 15,335 shares of the coffee company's stock valued at $1,399,000 after purchasing an additional 108 shares during the last quarter. Institutional investors and hedge funds own 72.29% of the company's stock.

Insider Buying and Selling at Starbucks

In other Starbucks news, CFO Rachel Ruggeri sold 1,491 shares of the business's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $99.54, for a total transaction of $148,414.14. Following the sale, the chief financial officer now directly owns 80,124 shares of the company's stock, valued at $7,975,542.96. The trade was a 1.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.09% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Barclays lifted their price objective on Starbucks from $119.00 to $124.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. Wells Fargo & Company raised their price target on shares of Starbucks from $110.00 to $115.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 26th. BMO Capital Markets upped their price objective on 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 restated an "outperform" rating and set a $115.00 target price on shares of Starbucks in a research report on Friday, January 24th. Finally, TD Cowen reissued a "buy" rating and set a $110.00 price target on shares of Starbucks in a report on Monday, November 11th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $105.33.

Starbucks Price Performance

Shares of Starbucks stock traded down $0.33 during trading hours on Wednesday, hitting $112.70. The company's stock had a trading volume of 4,050,137 shares, compared to its average volume of 9,760,663. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $113.47. The company has a market capitalization of $128.02 billion, a PE ratio of 36.35, a price-to-earnings-growth ratio of 3.55 and a beta of 1.00. The stock has a 50 day moving average of $98.85 and a 200 day moving average of $96.66.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) 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 quarter in the previous year, the business posted $0.90 earnings per share. Equities analysts expect that Starbucks Co. will post 3 EPS for the current year.

About Starbucks

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.