Starbucks Co. (NASDAQ:SBUX) Shares Sold by Financial Counselors Inc.

Financial Counselors Inc. decreased its holdings in Starbucks Co. (NASDAQ:SBUX) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 192,609 shares of the coffee company’s stock after selling 5,352 shares during the quarter. Financial Counselors Inc.’s holdings in Starbucks were worth $17,576,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Financial Life Planners acquired a new stake in shares of Starbucks in the fourth quarter valued at about $25,000. Collier Financial acquired a new stake in shares of Starbucks during the 4th quarter valued at approximately $27,000. Runnymede Capital Advisors Inc. purchased a new stake in shares of Starbucks during the 4th quarter worth approximately $27,000. Marshall Investment Management LLC acquired a new stake in shares of Starbucks in the 4th quarter worth approximately $30,000. Finally, Noble Wealth Management PBC purchased a new position in Starbucks in the 4th quarter valued at approximately $30,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Stock Performance

SBUX opened at $95.88 on Wednesday. Starbucks Co. has a 1 year low of $71.55 and a 1 year high of $117.46. The firm has a 50 day moving average price of $105.51 and a 200 day moving average price of $99.48. The company has a market cap of $108.91 billion, a PE ratio of 30.93, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period last year, the company earned $0.90 earnings per share. On average, sell-side analysts predict that Starbucks Co. will post 2.99 earnings per share for the current year.

Wall Street Analyst Weigh In

SBUX has been the topic of several research reports. Wedbush upped their target price on Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. UBS Group raised their target price on shares of Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $115.00 price target on shares of Starbucks in a report on Friday, January 24th. Stifel Nicolaus raised their price objective on shares of Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Finally, Wells Fargo & Company upped their target price on Starbucks from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. Three research 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 an average rating of “Moderate Buy” and a consensus price target of $106.12.

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.