Roberts Glore & Co. Inc. IL Has $2.53 Million Stake in Starbucks Co. (NASDAQ:SBUX)

Roberts Glore & Co. Inc. IL trimmed its position in shares of Starbucks Co. (NASDAQ:SBUX) by 1.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,687 shares of the coffee company’s stock after selling 340 shares during the quarter. Roberts Glore & Co. Inc. IL’s holdings in Starbucks were worth $2,526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Financial Life Planners acquired a new stake in Starbucks in the 4th quarter worth approximately $25,000. Collier Financial acquired a new stake in Starbucks in the 4th quarter worth approximately $27,000. Marshall Investment Management LLC acquired a new stake in Starbucks in the 4th quarter worth approximately $30,000. Noble Wealth Management PBC acquired a new stake in Starbucks in the 4th quarter worth approximately $30,000. Finally, Centricity Wealth Management LLC acquired a new stake in Starbucks in the 4th quarter worth approximately $36,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Starbucks Stock Performance

Starbucks stock opened at $106.48 on Friday. The firm has a market cap of $120.95 billion, a P/E ratio of 34.35, a P/E/G ratio of 3.59 and a beta of 0.99. The business’s fifty day moving average is $104.10 and its two-hundred day moving average is $99.08. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $117.46.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 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 period last year, the company earned $0.90 EPS. On average, equities research analysts predict that Starbucks Co. will post 2.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

SBUX has been the subject of several analyst reports. UBS Group boosted their target price on Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. TD Cowen restated a “buy” rating and issued a $110.00 target price on shares of Starbucks in a report on Monday, November 11th. Royal Bank of Canada restated an “outperform” rating and issued a $115.00 target price on shares of Starbucks in a report on Friday, January 24th. Redburn Atlantic reaffirmed a “sell” rating and issued a $77.00 price target (down from $84.00) on shares of Starbucks in a research report on Wednesday, November 13th. Finally, Stifel Nicolaus lifted their price target on Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Starbucks presently has an average rating of “Moderate Buy” and an average target price of $105.75.

Starbucks 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.