HighPoint Advisor Group LLC Lowers Stock Holdings in Starbucks Co. (NASDAQ:SBUX)

HighPoint Advisor Group LLC cut its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 40,330 shares of the coffee company’s stock after selling 397 shares during the quarter. HighPoint Advisor Group LLC’s holdings in Starbucks were worth $3,680,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SBUX. Financial Life Planners purchased a new position in Starbucks during the 4th quarter worth $25,000. Graney & King LLC bought a new position in shares of Starbucks during the 4th quarter worth $26,000. Collier Financial purchased a new position in shares of Starbucks during the fourth quarter valued at $27,000. Runnymede Capital Advisors Inc. bought a new stake in shares of Starbucks in the fourth quarter valued at about $27,000. Finally, Marshall Investment Management LLC purchased a new stake in Starbucks in the fourth quarter worth about $30,000. Institutional investors own 72.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Stifel Nicolaus boosted their price target on shares of Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a report on Monday, January 27th. Royal Bank of Canada restated an “outperform” rating and set a $115.00 target price on shares of Starbucks in a report on Friday, January 24th. Argus raised Starbucks from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a research report on Tuesday, March 18th. Barclays boosted their price target on Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Finally, Wells Fargo & Company raised their price objective on Starbucks from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $106.12.

Starbucks Stock Down 1.1 %

Shares of NASDAQ SBUX opened at $97.73 on Monday. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $117.46. The business’s 50 day moving average price is $105.75 and its 200 day moving average price is $99.55. The firm has a market cap of $111.01 billion, a P/E ratio of 31.53, a P/E/G ratio of 3.59 and a beta of 0.99.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, beating the consensus estimate 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 in the prior year, the company posted $0.90 EPS. As a group, research analysts expect that Starbucks Co. will post 2.99 earnings per share 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.