Fiduciary Group LLC Decreases Stake in Starbucks Co. (NASDAQ:SBUX)

Fiduciary Group LLC lessened its stake in Starbucks Co. (NASDAQ:SBUX) by 6.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 75,636 shares of the coffee company’s stock after selling 5,164 shares during the quarter. Fiduciary Group LLC’s holdings in Starbucks were worth $6,902,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in SBUX. Strategic Financial Concepts LLC purchased a new stake in shares of Starbucks during the 4th quarter worth $62,000. Arizona State Retirement System lifted its holdings in Starbucks by 0.8% during the 4th quarter. Arizona State Retirement System now owns 327,459 shares of the coffee company’s stock worth $29,881,000 after buying an additional 2,722 shares during the last quarter. West Michigan Advisors LLC purchased a new stake in Starbucks during the 4th quarter worth about $265,000. Wernau Asset Management Inc. purchased a new stake in Starbucks during the 4th quarter worth about $258,000. Finally, Investment Management Corp of Ontario lifted its holdings in Starbucks by 48.6% during the 3rd quarter. Investment Management Corp of Ontario now owns 37,584 shares of the coffee company’s stock worth $3,664,000 after buying an additional 12,300 shares during the last quarter. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Starbucks Stock Up 0.9 %

NASDAQ SBUX opened at $99.19 on Thursday. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $117.46. The stock has a market cap of $112.67 billion, a price-to-earnings ratio of 32.00, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99. The business has a fifty day moving average of $105.18 and a 200-day moving average of $99.30.

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Argus upgraded Starbucks from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a research note on Tuesday. Wells Fargo & Company boosted their price objective on shares of Starbucks from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. BMO Capital Markets boosted their price target on shares of Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Wedbush boosted 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. Finally, Barclays boosted their target price on Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Three analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $106.12.

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.