Werba Rubin Papier Wealth Management Sells 101 Shares of Starbucks Co. (NASDAQ:SBUX)

Werba Rubin Papier Wealth Management lowered its position in Starbucks Co. (NASDAQ:SBUX) by 1.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 6,625 shares of the coffee company’s stock after selling 101 shares during the period. Werba Rubin Papier Wealth Management’s holdings in Starbucks were worth $605,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Financial Life Planners bought a new position in shares of Starbucks during the 4th quarter valued at about $25,000. Collier Financial bought a new position in shares of Starbucks during the 4th quarter valued at about $27,000. DT Investment Partners LLC boosted its holdings in shares of Starbucks by 39.4% during the 3rd quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock valued at $42,000 after purchasing an additional 121 shares during the last quarter. Morton Brown Family Wealth LLC boosted its holdings in shares of Starbucks by 43.9% during the 4th quarter. Morton Brown Family Wealth LLC now owns 505 shares of the coffee company’s stock valued at $46,000 after purchasing an additional 154 shares during the last quarter. Finally, FSA Wealth Management LLC bought a new position in shares of Starbucks during the 3rd quarter valued at about $49,000. Institutional investors own 72.29% of the company’s stock.

Wall Street Analysts Forecast Growth

SBUX has been the subject of several research reports. Bank of America dropped their price objective on shares of Starbucks from $118.00 to $117.00 and set a “buy” rating for the company in a report on Tuesday, October 22nd. Wells Fargo & Company increased their price target on shares of Starbucks from $110.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday, November 26th. Citigroup increased their price target on shares of Starbucks from $96.00 to $99.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $115.00 price target on shares of Starbucks in a report on Friday, January 24th. Finally, TD Cowen reissued a “buy” rating and issued a $110.00 price objective on shares of Starbucks in a research report on Monday, November 11th. Three analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Starbucks has a consensus rating of “Moderate Buy” and a consensus target price of $105.33.

Starbucks Stock Up 0.4 %

Shares of NASDAQ SBUX opened at $113.03 on Wednesday. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $113.47. The firm has a market cap of $128.39 billion, a PE ratio of 36.46, a price-to-earnings-growth ratio of 3.55 and a beta of 1.00. The business has a 50 day moving average price of $98.85 and a two-hundred day moving average price of $96.66.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, beating 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 in the prior year, the company earned $0.90 earnings per share. On average, analysts anticipate that Starbucks Co. will post 3 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Rachel Ruggeri sold 1,491 shares of Starbucks stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $99.54, for a total value of $148,414.14. Following the transaction, the chief financial officer now owns 80,124 shares of the company’s stock, valued at approximately $7,975,542.96. This trade represents a 1.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.09% of the stock is owned by corporate insiders.

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.