Starbucks Co. (NASDAQ:SBUX) Shares Purchased by Morton Brown Family Wealth LLC

Morton Brown Family Wealth LLC lifted its position in shares of Starbucks Co. (NASDAQ:SBUX) by 43.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 505 shares of the coffee company’s stock after purchasing an additional 154 shares during the period. Morton Brown Family Wealth LLC’s holdings in Starbucks were worth $46,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Waycross Partners LLC raised its stake in shares of Starbucks by 3.0% in the 4th quarter. Waycross Partners LLC now owns 181,599 shares of the coffee company’s stock worth $16,571,000 after buying an additional 5,306 shares in the last quarter. Cardinal Capital Management raised its position in shares of Starbucks by 1.8% in the fourth quarter. Cardinal Capital Management now owns 83,631 shares of the coffee company’s stock valued at $7,631,000 after purchasing an additional 1,487 shares during the period. Kestra Investment Management LLC acquired a new position in shares of Starbucks in the fourth quarter valued at $80,000. Kornitzer Capital Management Inc. KS raised its position in Starbucks by 5.2% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 27,471 shares of the coffee company’s stock valued at $2,507,000 after purchasing an additional 1,355 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in shares of Starbucks by 84.8% during the fourth quarter. Venturi Wealth Management LLC now owns 4,953 shares of the coffee company’s stock valued at $452,000 after acquiring an additional 2,273 shares during the period. 72.29% of the stock is owned by hedge funds and other institutional investors.

Starbucks Trading Down 0.4 %

NASDAQ:SBUX opened at $112.55 on Tuesday. The company has a market capitalization of $127.85 billion, a P/E ratio of 36.31, a PEG ratio of 3.52 and a beta of 1.00. The firm has a fifty day simple moving average of $98.28 and a 200-day simple moving average of $96.14. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $113.47.

Starbucks (NASDAQ:SBUX) last released its earnings results 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 quarter in the prior year, the business earned $0.90 earnings per share. Equities analysts forecast that Starbucks Co. will post 3 EPS for the current year.

Analyst Upgrades and Downgrades

SBUX has been the subject of several recent analyst reports. UBS Group increased their price target on Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Bank of America lowered their price objective on shares of Starbucks from $118.00 to $117.00 and set a “buy” rating on the stock in a research note on Tuesday, October 22nd. BMO Capital Markets raised their price target on Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $115.00 target price on shares of Starbucks in a research report on Friday, January 24th. Finally, Barclays lifted their price objective on shares of Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Starbucks currently has a consensus rating of “Moderate Buy” and a consensus price target of $105.33.

Insider Buying and Selling

In related news, CFO Rachel Ruggeri sold 1,491 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $99.54, for a total value of $148,414.14. Following the completion of the transaction, the chief financial officer now directly owns 80,124 shares in the company, valued at approximately $7,975,542.96. This represents a 1.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.09% of the stock is currently owned by insiders.

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.