Dudley Capital Management LLC Sells 968 Shares of Starbucks Co. (NASDAQ:SBUX)

Dudley Capital Management LLC lessened its holdings in Starbucks Co. (NASDAQ:SBUX) by 9.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,867 shares of the coffee company’s stock after selling 968 shares during the period. Dudley Capital Management LLC’s holdings in Starbucks were worth $809,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. CoreFirst Bank & Trust bought a new position in shares of Starbucks during the fourth quarter valued at about $320,000. Congress Wealth Management LLC DE lifted its stake in Starbucks by 16.2% in the fourth 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 grew its stake 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 worth $2,483,000 after acquiring an additional 1,420 shares during the period. Mountain Hill Investment Partners Corp. bought a new position in Starbucks during the fourth quarter worth about $73,000. Finally, Vanguard Group Inc. boosted its holdings in Starbucks by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 111,106,209 shares of the coffee company’s stock worth $10,138,442,000 after buying an additional 784,432 shares during the period. Institutional investors own 72.29% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Stifel Nicolaus lifted their target price on Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a report on Monday, January 27th. UBS Group lifted 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. BMO Capital Markets boosted their target price on Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Royal Bank of Canada reissued an “outperform” rating and issued a $115.00 price target on shares of Starbucks in a report on Friday, January 24th. Finally, Wells Fargo & Company upped their target price on Starbucks from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Starbucks currently has an average rating of “Moderate Buy” and an average target price of $106.12.

Starbucks Stock Down 1.4 %

SBUX stock opened at $95.72 on Tuesday. The firm’s fifty day simple moving average is $105.45 and its two-hundred day simple moving average is $99.44. The stock has a market capitalization of $108.73 billion, a price-to-earnings ratio of 30.88, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $117.46.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data 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 net margin of 9.73% and a negative return on equity of 44.97%. During the same period last year, the company posted $0.90 EPS. As a group, equities research analysts expect that Starbucks Co. will post 2.99 EPS for the current year.

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.