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

Vista Capital Partners Inc. lowered its holdings in Starbucks Co. (NASDAQ:SBUX) by 1.7% in the 4th quarter, HoldingsChannel reports. The firm owned 35,445 shares of the coffee company’s stock after selling 616 shares during the quarter. Starbucks comprises 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 filing with the SEC.

Several other large investors have also modified their holdings of SBUX. Financial Life Planners purchased a new stake in Starbucks during the 4th quarter worth approximately $25,000. Collier Financial purchased a new stake in Starbucks during the 4th quarter worth approximately $27,000. DT Investment Partners LLC grew its position in Starbucks by 39.4% during the 3rd quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock worth $42,000 after purchasing an additional 121 shares during the last quarter. FSA Wealth Management LLC purchased a new stake in shares of Starbucks in the 3rd quarter valued at $49,000. Finally, Morton Brown Family Wealth LLC boosted its holdings in shares of Starbucks by 43.9% in 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 during the last quarter. Institutional investors own 72.29% of the company’s stock.

Insider Activity at Starbucks

In related news, CFO Rachel Ruggeri sold 1,491 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $99.54, for a total value of $148,414.14. Following the completion of the transaction, the chief financial officer now directly owns 80,124 shares in the company, valued at approximately $7,975,542.96. This represents a 1.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.09% of the company’s stock.

Starbucks Stock Up 0.4 %

NASDAQ SBUX opened at $113.03 on Wednesday. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $113.47. The stock has a market cap of $128.39 billion, a price-to-earnings ratio of 36.46, a price-to-earnings-growth ratio of 3.55 and a beta of 1.00. The business has a fifty day moving average of $98.85 and a 200-day moving average of $96.66.

Starbucks (NASDAQ:SBUX) last released its quarterly 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 negative return on equity of 44.97% and a net margin of 9.73%. During the same period in the previous year, the business earned $0.90 earnings per share. As a group, analysts anticipate that Starbucks Co. will post 3 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Wedbush upped their price objective on shares of Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. BMO Capital Markets increased their price objective on Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Citigroup increased their price target on Starbucks from $96.00 to $99.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Barclays raised their target price on Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Finally, UBS Group raised their target price on Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. 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 issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $105.33.

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.