Brown Financial Advisors Has $1.41 Million Holdings in Starbucks Co. (NASDAQ:SBUX)

Brown Financial Advisors decreased its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 7.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 15,496 shares of the coffee company’s stock after selling 1,211 shares during the period. Brown Financial Advisors’ holdings in Starbucks were worth $1,414,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in SBUX. Hennion & Walsh Asset Management Inc. increased its stake in shares of Starbucks by 31.8% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 3,766 shares of the coffee company’s stock worth $367,000 after purchasing an additional 909 shares during the period. Arkadios Wealth Advisors grew its holdings in Starbucks by 15.3% in the 3rd quarter. Arkadios Wealth Advisors now owns 10,555 shares of the coffee company’s stock valued at $1,029,000 after buying an additional 1,400 shares during the last quarter. State of Alaska Department of Revenue increased its position in Starbucks by 6.9% in the 3rd quarter. State of Alaska Department of Revenue now owns 131,659 shares of the coffee company’s stock worth $12,835,000 after buying an additional 8,450 shares during the period. Klein Pavlis & Peasley Financial Inc. lifted its holdings in shares of Starbucks by 4.9% during the third quarter. Klein Pavlis & Peasley Financial Inc. now owns 29,550 shares of the coffee company’s stock worth $2,881,000 after buying an additional 1,372 shares during the last quarter. Finally, Hibernia Wealth Partners LLC bought a new stake in shares of Starbucks in the third quarter valued at approximately $379,000. 72.29% of the stock is owned by institutional investors.

Starbucks Stock Performance

Shares of SBUX stock opened at $113.19 on Tuesday. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $114.68. The stock has a market capitalization of $128.57 billion, a PE ratio of 36.51, a PEG ratio of 3.59 and a beta of 1.00. The stock’s fifty day moving average is $100.13 and its 200-day moving average is $97.72.

Starbucks (NASDAQ:SBUX) last issued 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 net margin of 9.73% and a negative return on equity of 44.97%. During the same quarter last year, the company posted $0.90 EPS. As a group, analysts forecast that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on SBUX shares. UBS Group boosted their target price on shares of Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. BMO Capital Markets upped 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. Redburn Atlantic reissued a “sell” rating and set a $77.00 target price (down from $84.00) on shares of Starbucks in a research report on Wednesday, November 13th. Wedbush upped their price target on Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Finally, Wells Fargo & Company lifted their price objective on Starbucks from $110.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average 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.