Rowlandmiller & PARTNERS.ADV Decreases Stock Holdings in Starbucks Co. (NASDAQ:SBUX)

Rowlandmiller & PARTNERS.ADV reduced its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 0.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,669 shares of the coffee company’s stock after selling 100 shares during the quarter. Rowlandmiller & PARTNERS.ADV’s holdings in Starbucks were worth $1,339,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. International Assets Investment Management LLC raised its stake in Starbucks by 11,217.0% in the third quarter. International Assets Investment Management LLC now owns 752,355 shares of the coffee company’s stock valued at $73,347,000 after buying an additional 745,707 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in Starbucks by 31.8% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 3,766 shares of the coffee company’s stock valued at $367,000 after buying an additional 909 shares during the last quarter. Mediolanum International Funds Ltd raised its stake in Starbucks by 93.7% in the third quarter. Mediolanum International Funds Ltd now owns 27,977 shares of the coffee company’s stock valued at $2,719,000 after buying an additional 13,534 shares during the last quarter. Osborne Partners Capital Management LLC purchased a new stake in Starbucks in the third quarter valued at about $206,000. Finally, Arkadios Wealth Advisors raised its stake in Starbucks by 15.3% in the third quarter. Arkadios Wealth Advisors now owns 10,555 shares of the coffee company’s stock valued at $1,029,000 after buying an additional 1,400 shares during the last quarter. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Starbucks Trading Down 1.4 %

Shares of SBUX opened at $111.75 on Monday. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $114.68. The stock’s 50 day moving average is $99.72 and its two-hundred day moving average is $97.46. The firm has a market cap of $126.94 billion, a P/E ratio of 36.05, a PEG ratio of 3.59 and a beta of 1.00.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, beating the consensus estimate 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 earned $0.90 EPS. Equities research analysts forecast that Starbucks Co. will post 2.99 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on SBUX. Redburn Atlantic reiterated a “sell” rating and issued a $77.00 price target (down from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. Wells Fargo & Company increased their price target on Starbucks from $110.00 to $115.00 and gave the company an “overweight” rating in a research note on Tuesday, November 26th. Citigroup increased their price target on Starbucks from $96.00 to $99.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Barclays increased their price objective on Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Finally, BMO Capital Markets increased their price objective on Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $105.33.

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.