Transcend Capital Advisors LLC Has $1.37 Million Stock Holdings in Starbucks Co. (NASDAQ:SBUX)

Transcend Capital Advisors LLC trimmed its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 11.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,975 shares of the coffee company’s stock after selling 2,016 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Starbucks were worth $1,367,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SBUX. Private Advisor Group LLC increased its position in Starbucks by 1.2% during the 3rd quarter. Private Advisor Group LLC now owns 118,946 shares of the coffee company’s stock worth $11,596,000 after buying an additional 1,418 shares during the period. McAdam LLC grew its stake in shares of Starbucks by 4.4% in the third quarter. McAdam LLC now owns 6,085 shares of the coffee company’s stock valued at $593,000 after acquiring an additional 255 shares in the last quarter. International Assets Investment Management LLC increased its position in Starbucks by 11,217.0% during the third quarter. International Assets Investment Management LLC now owns 752,355 shares of the coffee company’s stock worth $73,347,000 after acquiring an additional 745,707 shares during the period. YHB Investment Advisors Inc. raised its stake in Starbucks by 3.1% in the 3rd quarter. YHB Investment Advisors Inc. now owns 5,408 shares of the coffee company’s stock worth $527,000 after purchasing an additional 162 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in Starbucks by 31.8% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 3,766 shares of the coffee company’s stock valued at $367,000 after purchasing an additional 909 shares during the period. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SBUX. Stifel Nicolaus raised their target price on shares of Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Barclays raised their price objective on Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Redburn Atlantic reiterated a “sell” rating and set a $77.00 target price (down from $84.00) on shares of Starbucks in a research report on Wednesday, November 13th. Wedbush raised their price target on Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Finally, Wells Fargo & Company upped their price objective on shares of Starbucks from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 26th. 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 issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $105.33.

Starbucks Trading Down 1.4 %

Starbucks stock opened at $111.75 on Friday. The stock has a 50-day moving average price of $99.72 and a two-hundred day moving average price of $97.15. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $114.68. The company has a market capitalization of $126.94 billion, a PE ratio of 36.05, a P/E/G ratio of 3.56 and a beta of 1.00.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 last year, the firm posted $0.90 earnings per share. As a group, analysts predict that Starbucks Co. will post 2.99 earnings per share for the current fiscal 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.