Starbucks Co. (NASDAQ:SBUX) Shares Sold by Hollencrest Capital Management

Hollencrest Capital Management decreased its stake in Starbucks Co. (NASDAQ:SBUX) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,393 shares of the coffee company’s stock after selling 264 shares during the period. Hollencrest Capital Management’s holdings in Starbucks were worth $1,861,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. HighTower Advisors LLC raised its position in Starbucks by 15.9% during the fourth quarter. HighTower Advisors LLC now owns 1,789,507 shares of the coffee company’s stock worth $163,293,000 after acquiring an additional 245,922 shares during the last quarter. Bender Robert & Associates raised its position in Starbucks by 2.7% during the fourth quarter. Bender Robert & Associates now owns 44,406 shares of the coffee company’s stock worth $4,052,000 after acquiring an additional 1,155 shares during the last quarter. Natural Investments LLC acquired a new position in Starbucks during the fourth quarter worth about $1,295,000. Avantax Planning Partners Inc. raised its position in Starbucks by 3.7% during the fourth quarter. Avantax Planning Partners Inc. now owns 12,938 shares of the coffee company’s stock worth $1,181,000 after acquiring an additional 462 shares during the last quarter. Finally, Markel Group Inc. raised its position in Starbucks by 2.8% during the fourth quarter. Markel Group Inc. now owns 617,318 shares of the coffee company’s stock worth $56,330,000 after acquiring an additional 17,000 shares during the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Stock Performance

Shares of NASDAQ:SBUX opened at $99.58 on Wednesday. The stock has a market capitalization of $113.11 billion, a price-to-earnings ratio of 32.12, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $117.46. The company’s fifty day moving average is $104.48 and its two-hundred day moving average is $99.23.

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Wells Fargo & Company lifted their target price on shares of Starbucks from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. BMO Capital Markets lifted their price target on shares of Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Wedbush lifted their price target on shares of Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. UBS Group lifted their price target on shares of Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Finally, Redburn Atlantic reiterated a “sell” rating and set a $77.00 price target (down from $84.00) on shares of Starbucks in a report on Wednesday, November 13th. Three 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.75.

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.