Amalgamated Bank Has $21.12 Million Holdings in Starbucks Co. (NASDAQ:SBUX)

Amalgamated Bank trimmed its position in shares of Starbucks Co. (NASDAQ:SBUX) by 1.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 231,481 shares of the coffee company’s stock after selling 3,268 shares during the quarter. Amalgamated Bank’s holdings in Starbucks were worth $21,123,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Financial Life Planners bought a new position in shares of Starbucks in the fourth quarter valued at $25,000. Collier Financial acquired a new position in Starbucks during the 4th quarter valued at about $27,000. Marshall Investment Management LLC bought a new stake in Starbucks during the 4th quarter worth approximately $30,000. Centricity Wealth Management LLC purchased a new stake in shares of Starbucks in the fourth quarter worth approximately $36,000. Finally, FSA Wealth Management LLC purchased a new position in shares of Starbucks during the third quarter valued at approximately $49,000. 72.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SBUX has been the subject of a number of analyst reports. Citigroup increased their price target on Starbucks from $96.00 to $99.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Redburn Atlantic reissued a “sell” rating and set a $77.00 target price (down previously from $84.00) on shares of Starbucks in a research report on Wednesday, November 13th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $115.00 target price on shares of Starbucks in a research report on Friday, January 24th. TD Cowen reissued a “buy” rating and issued a $110.00 price target on shares of Starbucks in a report on Monday, November 11th. Finally, BMO Capital Markets raised their price objective on shares of Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has assigned 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 Stock Performance

Shares of NASDAQ:SBUX opened at $113.19 on Tuesday. The firm has a fifty day moving average of $100.13 and a 200 day moving average of $97.72. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $114.68. The firm has a market capitalization of $128.57 billion, a PE ratio of 36.51, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (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 previous year, the company posted $0.90 earnings per share. On average, sell-side analysts forecast that Starbucks Co. will post 2.99 EPS for the current fiscal year.

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.