Investment House LLC Lowers Position in Starbucks Co. (NASDAQ:SBUX)

Investment House LLC reduced its position in shares of Starbucks Co. (NASDAQ:SBUX) by 5.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,510 shares of the coffee company’s stock after selling 670 shares during the period. Investment House LLC’s holdings in Starbucks were worth $1,050,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Financial Life Planners purchased a new stake in shares of Starbucks during the 4th quarter worth $25,000. Collier Financial purchased a new stake in Starbucks during the fourth quarter worth about $27,000. Marshall Investment Management LLC acquired a new position in Starbucks during the fourth quarter worth about $30,000. Noble Wealth Management PBC purchased a new position in Starbucks in the fourth quarter valued at about $30,000. Finally, Centricity Wealth Management LLC acquired a new stake in shares of Starbucks during the 4th quarter valued at approximately $36,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Analyst Upgrades and Downgrades

SBUX has been the subject of several research analyst reports. BMO Capital Markets raised their price objective on Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $115.00 price target on shares of Starbucks in a research note on Friday, January 24th. Barclays increased their price objective on shares of Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Wells Fargo & Company lifted their target price 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. Finally, Stifel Nicolaus increased their price target on shares of Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Starbucks currently has a consensus rating of “Moderate Buy” and an average target price of $106.12.

Starbucks Trading Up 0.9 %

Shares of SBUX opened at $99.19 on Thursday. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $117.46. The firm has a market capitalization of $112.67 billion, a P/E ratio of 32.00, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99. The stock’s fifty day simple moving average is $105.18 and its 200 day simple moving average is $99.30.

Starbucks (NASDAQ:SBUX) last released 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 in the prior year, the business posted $0.90 EPS. Sell-side analysts predict that Starbucks Co. will post 2.99 earnings per share for the current year.

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.