Vista Capital Partners Inc. Sells 616 Shares of Starbucks Co. (NASDAQ:SBUX)

Vista Capital Partners Inc. reduced its stake in Starbucks Co. (NASDAQ:SBUX) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,445 shares of the coffee company’s stock after selling 616 shares during the period. Starbucks makes up approximately 0.4% of Vista Capital Partners Inc.’s holdings, making the stock its 14th largest holding. Vista Capital Partners Inc.’s holdings in Starbucks were worth $3,234,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. OLD National Bancorp IN lifted its holdings in Starbucks by 12.7% during the 3rd quarter. OLD National Bancorp IN now owns 15,344 shares of the coffee company’s stock worth $1,496,000 after buying an additional 1,725 shares in the last quarter. Vest Financial LLC acquired a new position in shares of Starbucks in the 3rd quarter valued at $720,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Starbucks by 40.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 496,951 shares of the coffee company’s stock valued at $48,448,000 after purchasing an additional 143,258 shares during the period. Foundations Investment Advisors LLC lifted its stake in shares of Starbucks by 16.9% in the 3rd quarter. Foundations Investment Advisors LLC now owns 23,028 shares of the coffee company’s stock valued at $2,245,000 after purchasing an additional 3,330 shares during the period. Finally, Oakworth Capital Inc. increased its position in shares of Starbucks by 11.0% in the 3rd quarter. Oakworth Capital Inc. now owns 4,330 shares of the coffee company’s stock valued at $422,000 after buying an additional 428 shares in the last quarter. 72.29% of the stock is currently owned by institutional investors.

Insider Activity at Starbucks

In other news, CFO Rachel Ruggeri sold 1,491 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $99.54, for a total value of $148,414.14. Following the completion of the sale, the chief financial officer now owns 80,124 shares in the company, valued at approximately $7,975,542.96. This trade represents a 1.83 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.09% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Bank of America lowered their target price on Starbucks from $118.00 to $117.00 and set a “buy” rating for the company in a report on Tuesday, October 22nd. Citigroup upped their target price on Starbucks from $96.00 to $99.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Royal Bank of Canada reiterated an “outperform” rating and set a $115.00 target price on shares of Starbucks in a report on Friday, January 24th. UBS Group increased their price target on Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Finally, Stifel Nicolaus increased their price target on Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $105.33.

Starbucks Price Performance

Shares of NASDAQ SBUX opened at $113.03 on Wednesday. Starbucks Co. has a 1 year low of $71.55 and a 1 year high of $113.47. The company’s 50-day moving average is $98.85 and its 200 day moving average is $96.66. The stock has a market capitalization of $128.39 billion, a P/E ratio of 36.46, a P/E/G ratio of 3.55 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 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 quarter in the prior year, the business earned $0.90 EPS. Research analysts anticipate that Starbucks Co. will post 3 earnings per share for the current 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.