Schrum Private Wealth Management LLC Reduces Stock Position in Starbucks Co. (NASDAQ:SBUX)

Schrum Private Wealth Management LLC lowered its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 50.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,869 shares of the coffee company’s stock after selling 2,869 shares during the quarter. Schrum Private Wealth Management LLC’s holdings in Starbucks were worth $262,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Financial Life Planners purchased a new position in Starbucks during the 4th quarter valued at $25,000. Collier Financial purchased a new stake in shares of Starbucks in the 4th quarter worth $27,000. Marshall Investment Management LLC purchased a new stake in shares of Starbucks in the 4th quarter worth $30,000. Noble Wealth Management PBC purchased a new stake in shares of Starbucks in the 4th quarter worth $30,000. Finally, Centricity Wealth Management LLC purchased a new stake in shares of Starbucks in the 4th quarter worth $36,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Stifel Nicolaus upped their price objective on Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Barclays upped their price objective on Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. 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 report on Tuesday, February 25th. TD Cowen reaffirmed a “buy” rating and set a $110.00 target price on shares of Starbucks in a research report on Monday, November 11th. Finally, Wedbush upped their target price on Starbucks from $95.00 to $100.00 and gave the stock 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 issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Starbucks has a consensus rating of “Moderate Buy” and an average price target of $105.75.

Starbucks Stock Down 0.3 %

SBUX stock opened at $111.69 on Thursday. The business has a fifty day moving average of $103.55 and a two-hundred day moving average of $98.89. The stock has a market cap of $126.87 billion, a price-to-earnings ratio of 36.03, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $117.46.

Starbucks (NASDAQ:SBUX) last posted its earnings results 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 negative return on equity of 44.97% and a net margin of 9.73%. During the same quarter in the previous year, the business earned $0.90 earnings per share. As a group, sell-side analysts anticipate that Starbucks Co. will post 2.99 EPS for the current year.

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.