Pacifica Capital Investments LLC Trims Stake in Starbucks Co. (NASDAQ:SBUX)

Pacifica Capital Investments LLC cut its position in shares of Starbucks Co. (NASDAQ:SBUX) by 1.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 413,374 shares of the coffee company’s stock after selling 4,345 shares during the quarter. Starbucks makes up about 12.1% of Pacifica Capital Investments LLC’s investment portfolio, making the stock its 4th largest position. Pacifica Capital Investments LLC’s holdings in Starbucks were worth $37,720,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Congress Wealth Management LLC DE increased its position in shares of Starbucks by 16.2% during the 4th quarter. Congress Wealth Management LLC DE now owns 17,230 shares of the coffee company’s stock valued at $1,572,000 after purchasing an additional 2,406 shares during the last quarter. Twin City Private Wealth LLC increased its position in shares of Starbucks by 5.5% during the 4th quarter. Twin City Private Wealth LLC now owns 27,214 shares of the coffee company’s stock valued at $2,483,000 after purchasing an additional 1,420 shares during the last quarter. Mountain Hill Investment Partners Corp. bought a new position in shares of Starbucks during the 4th quarter valued at about $73,000. Vanguard Group Inc. boosted its holdings in Starbucks by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 111,106,209 shares of the coffee company’s stock valued at $10,138,442,000 after acquiring an additional 784,432 shares during the period. Finally, Napatree Capital LLC boosted its holdings in Starbucks by 12.9% during the 4th quarter. Napatree Capital LLC now owns 4,791 shares of the coffee company’s stock valued at $437,000 after acquiring an additional 546 shares during the period. 72.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on SBUX shares. Argus upgraded Starbucks from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a report on Tuesday, March 18th. Wedbush increased 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. Barclays increased their price objective on Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Stifel Nicolaus increased their price objective on Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, BMO Capital Markets increased their price objective on Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Three analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $106.12.

Starbucks Stock Down 2.2 %

SBUX stock opened at $97.07 on Monday. The firm has a market cap of $110.26 billion, a PE ratio of 31.31, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99. The business has a 50 day moving average of $105.41 and a 200 day moving average of $99.41. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $117.46.

Starbucks (NASDAQ:SBUX) last posted its earnings results 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 negative return on equity of 44.97% and a net margin of 9.73%. During the same period last year, the business posted $0.90 earnings per share. On average, research analysts expect that Starbucks Co. will post 2.99 earnings per share for the current fiscal 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.