Vaughan David Investments LLC IL Sells 2,200 Shares of Starbucks Co. (NASDAQ:SBUX)

Vaughan David Investments LLC IL lowered its position in Starbucks Co. (NASDAQ:SBUX) by 12.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,671 shares of the coffee company’s stock after selling 2,200 shares during the period. Vaughan David Investments LLC IL’s holdings in Starbucks were worth $1,430,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Kuhn & Co Investment Counsel grew its position in Starbucks by 2.3% in the 4th quarter. Kuhn & Co Investment Counsel now owns 4,240 shares of the coffee company’s stock valued at $387,000 after purchasing an additional 96 shares during the period. Jmac Enterprises LLC lifted its stake in shares of Starbucks by 1.0% in the fourth quarter. Jmac Enterprises LLC now owns 9,995 shares of the coffee company’s stock valued at $912,000 after buying an additional 103 shares in the last quarter. Aspire Capital Advisors LLC lifted its stake 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 buying an additional 104 shares in the last quarter. Optas LLC grew its holdings in shares of Starbucks by 0.6% during the fourth quarter. Optas LLC now owns 16,711 shares of the coffee company’s stock valued at $1,525,000 after buying an additional 105 shares during the last quarter. Finally, Boomfish Wealth Group LLC increased its position in shares of Starbucks by 0.7% during the fourth quarter. Boomfish Wealth Group LLC now owns 15,335 shares of the coffee company’s stock worth $1,399,000 after acquiring an additional 108 shares in the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on SBUX shares. Wedbush raised 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. Wells Fargo & Company raised their target price on Starbucks from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Tuesday. 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. TD Cowen restated a “buy” rating and set a $110.00 price objective on shares of Starbucks in a research note on Monday, November 11th. Finally, Stifel Nicolaus lifted their price objective on shares of Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $105.75.

Starbucks Stock Performance

SBUX stock opened at $114.59 on Wednesday. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $115.24. The stock has a fifty day moving average of $100.58 and a 200-day moving average of $98.00. The company has a market capitalization of $130.16 billion, a price-to-earnings ratio of 36.96, a PEG ratio of 3.59 and a beta of 1.00.

Starbucks (NASDAQ:SBUX) last posted its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share 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 period in the prior year, the business earned $0.90 earnings per share. Equities analysts predict that Starbucks Co. will post 2.99 EPS 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.