Clifford Swan Investment Counsel LLC Sells 3,998 Shares of Starbucks Co. (NASDAQ:SBUX)

Clifford Swan Investment Counsel LLC cut its holdings in Starbucks Co. (NASDAQ:SBUX) by 2.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 182,086 shares of the coffee company’s stock after selling 3,998 shares during the period. Clifford Swan Investment Counsel LLC’s holdings in Starbucks were worth $16,615,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of SBUX. Financial Life Planners bought a new position in Starbucks in the 4th quarter worth approximately $25,000. Collier Financial bought a new position in Starbucks in the 4th quarter worth approximately $27,000. Marshall Investment Management LLC bought a new position in Starbucks in the 4th quarter worth approximately $30,000. Noble Wealth Management PBC bought a new position in Starbucks in the 4th quarter valued at $30,000. Finally, Centricity Wealth Management LLC bought a new position in Starbucks in the 4th quarter valued at $36,000. 72.29% of the stock is owned by institutional investors.

Starbucks Price Performance

NASDAQ SBUX opened at $115.81 on Friday. The stock has a market capitalization of $131.55 billion, a PE ratio of 37.36, a PEG ratio of 3.59 and a beta of 1.00. Starbucks Co. has a 1 year low of $71.55 and a 1 year high of $116.09. The business’s 50-day moving average is $102.11 and its 200 day moving average is $98.51.

Starbucks (NASDAQ:SBUX) last posted its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, topping 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 in the previous year, the firm earned $0.90 EPS. As a group, equities research analysts anticipate that Starbucks Co. will post 2.99 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented 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 report on Wednesday, January 29th. Wells Fargo & Company raised their price target on shares of Starbucks from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. Redburn Atlantic reissued a “sell” rating and issued a $77.00 price target (down from $84.00) on shares of Starbucks in a report on Wednesday, November 13th. Stifel Nicolaus raised their price target on shares of Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a report on Monday, January 27th. Finally, UBS Group raised their price target on shares of Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $105.75.

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.