Sei Investments Co. Has $24.37 Million Holdings in Starbucks Co. (NASDAQ:SBUX)

Sei Investments Co. decreased its holdings in Starbucks Co. (NASDAQ:SBUX) by 72.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 266,975 shares of the coffee company’s stock after selling 719,601 shares during the period. Sei Investments Co.’s holdings in Starbucks were worth $24,366,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Financial Life Planners acquired a new position in Starbucks in the 4th quarter valued at approximately $25,000. Collier Financial acquired a new position in shares of Starbucks in the fourth quarter worth $27,000. Runnymede Capital Advisors Inc. acquired a new position in shares of Starbucks in the fourth quarter worth $27,000. Marshall Investment Management LLC acquired a new stake in Starbucks during the fourth quarter valued at $30,000. Finally, Noble Wealth Management PBC purchased a new position in Starbucks in the fourth quarter valued at about $30,000. 72.29% of the stock is owned by hedge funds and other institutional investors.

Starbucks Price Performance

NASDAQ SBUX opened at $97.97 on Thursday. The company’s fifty day moving average is $105.61 and its two-hundred day moving average is $99.47. The firm has a market capitalization of $111.28 billion, a price-to-earnings ratio of 31.60, a P/E/G ratio of 3.59 and a beta of 0.99. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $117.46.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data 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 period in the prior year, the company posted $0.90 earnings per share. As a group, sell-side analysts expect that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SBUX has been the subject of a number of recent research reports. Wedbush raised their price target on Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. BMO Capital Markets raised their price objective on shares of Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Argus raised shares of Starbucks from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a research report on Tuesday, March 18th. Wells Fargo & Company raised their price target on shares of Starbucks from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. Finally, UBS Group upped their price objective on shares of Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $106.12.

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.