Starbucks Co. (NASDAQ:SBUX) Stock Holdings Lessened by Cape Investment Advisory Inc.

Cape Investment Advisory Inc. cut its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 14.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,703 shares of the coffee company’s stock after selling 2,529 shares during the period. Cape Investment Advisory Inc.’s holdings in Starbucks were worth $1,342,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Kuhn & Co Investment Counsel grew its holdings in shares of Starbucks by 2.3% during the 4th quarter. Kuhn & Co Investment Counsel now owns 4,240 shares of the coffee company’s stock valued at $387,000 after acquiring an additional 96 shares in the last quarter. Jmac Enterprises LLC grew its stake in Starbucks by 1.0% in the fourth quarter. Jmac Enterprises LLC now owns 9,995 shares of the coffee company’s stock valued at $912,000 after purchasing an additional 103 shares in the last quarter. Aspire Capital Advisors LLC grew its stake in Starbucks by 0.5% in the fourth quarter. Aspire Capital Advisors LLC now owns 23,210 shares of the coffee company’s stock valued at $2,118,000 after purchasing an additional 104 shares in the last quarter. Optas LLC grew its stake in Starbucks by 0.6% in the fourth quarter. Optas LLC now owns 16,711 shares of the coffee company’s stock valued at $1,525,000 after purchasing an additional 105 shares in the last quarter. Finally, Boomfish Wealth Group LLC grew its stake in Starbucks by 0.7% in the fourth quarter. Boomfish Wealth Group LLC now owns 15,335 shares of the coffee company’s stock valued at $1,399,000 after purchasing an additional 108 shares in the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SBUX. Wedbush boosted their price target on Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Stifel Nicolaus boosted their target price on shares of Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. TD Cowen reissued a “buy” rating and issued a $110.00 target price on shares of Starbucks in a research report on Monday, November 11th. Royal Bank of Canada reiterated an “outperform” rating and issued a $115.00 price objective on shares of Starbucks in a report on Friday, January 24th. Finally, Barclays upped their price objective on shares of Starbucks from $119.00 to $124.00 and gave the stock an “overweight” 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 given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $105.75.

Starbucks Trading Up 1.2 %

Shares of SBUX stock opened at $115.81 on Friday. The stock has a 50 day moving average of $102.11 and a two-hundred day moving average of $98.51. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $116.09. The company has a market capitalization of $131.55 billion, a P/E ratio of 37.36, a P/E/G ratio of 3.59 and a beta of 1.00.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, topping the consensus estimate 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 earned $0.90 earnings per share. Sell-side analysts predict that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Starbucks Company 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.