Colonial River Investments LLC Cuts Stake in Starbucks Co. (NASDAQ:SBUX)

Colonial River Investments LLC lessened its stake in Starbucks Co. (NASDAQ:SBUX) by 8.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,460 shares of the coffee company’s stock after selling 564 shares during the period. Colonial River Investments LLC’s holdings in Starbucks were worth $589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SBUX. International Assets Investment Management LLC grew its stake in Starbucks by 11,217.0% in the third quarter. International Assets Investment Management LLC now owns 752,355 shares of the coffee company’s stock valued at $73,347,000 after purchasing an additional 745,707 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in Starbucks by 31.8% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 3,766 shares of the coffee company’s stock valued at $367,000 after purchasing an additional 909 shares during the last quarter. Mediolanum International Funds Ltd grew its stake in Starbucks by 93.7% in the third quarter. Mediolanum International Funds Ltd now owns 27,977 shares of the coffee company’s stock valued at $2,719,000 after purchasing an additional 13,534 shares during the last quarter. Osborne Partners Capital Management LLC purchased a new position in Starbucks in the third quarter valued at about $206,000. Finally, Arkadios Wealth Advisors grew its stake in Starbucks by 15.3% in the third quarter. Arkadios Wealth Advisors now owns 10,555 shares of the coffee company’s stock valued at $1,029,000 after purchasing an additional 1,400 shares during the last quarter. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Starbucks Trading Down 1.4 %

Shares of NASDAQ:SBUX opened at $111.75 on Monday. Starbucks Co. has a 12-month low of $71.55 and a 12-month high of $114.68. The company has a market capitalization of $126.94 billion, a PE ratio of 36.05, a PEG ratio of 3.59 and a beta of 1.00. The business has a 50 day moving average of $99.72 and a two-hundred day moving average of $97.46.

Starbucks (NASDAQ:SBUX) last announced its earnings results 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 in the prior year, the business posted $0.90 earnings per share. Equities research analysts predict that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on SBUX shares. Wedbush boosted 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. Barclays boosted their price target on Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Stifel Nicolaus boosted their price target on Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. UBS Group boosted their price target on Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Finally, TD Cowen restated a “buy” rating and set a $110.00 price target on shares of Starbucks in a research note on Monday, November 11th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target 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.