Starbucks Co. (NASDAQ:SBUX) Shares Sold by Cape ANN Savings Bank

Cape ANN Savings Bank cut its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 39.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,547 shares of the coffee company’s stock after selling 1,693 shares during the period. Cape ANN Savings Bank’s holdings in Starbucks were worth $232,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Financial Life Planners acquired a new stake in shares of Starbucks in the fourth quarter valued at about $25,000. Collier Financial bought a new stake in shares of Starbucks in the fourth quarter worth $27,000. Marshall Investment Management LLC acquired a new stake in shares of Starbucks in the 4th quarter valued at about $30,000. Centricity Wealth Management LLC acquired a new stake in Starbucks during the fourth quarter valued at approximately $36,000. Finally, Morton Brown Family Wealth LLC raised its position in shares of Starbucks by 43.9% during the 4th quarter. Morton Brown Family Wealth LLC now owns 505 shares of the coffee company’s stock valued at $46,000 after acquiring an additional 154 shares in the last quarter. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Starbucks Trading Down 1.4 %

Shares of SBUX stock opened at $111.75 on Monday. The firm has a market capitalization of $126.94 billion, a P/E ratio of 36.05, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. The firm’s fifty day simple moving average is $99.72 and its 200 day simple moving average is $97.46. Starbucks Co. has a 1 year low of $71.55 and a 1 year high of $114.68.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 earnings per share 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 quarter last year, the firm posted $0.90 EPS. Equities research analysts anticipate that Starbucks Co. will post 2.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SBUX has been the topic of a number of recent research reports. Citigroup raised their target price on shares of Starbucks from $96.00 to $99.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Barclays upped their price target 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. BMO Capital Markets boosted their price target on shares of Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Redburn Atlantic reaffirmed a “sell” rating and set a $77.00 price objective (down from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. Finally, UBS Group lifted their target price on Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $105.33.

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.