Kintegral Advisory LLC Sells 1,185 Shares of Starbucks Co. (NASDAQ:SBUX)

Kintegral Advisory LLC lowered its stake in Starbucks Co. (NASDAQ:SBUX) by 4.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 25,418 shares of the coffee company’s stock after selling 1,185 shares during the quarter. Kintegral Advisory LLC’s holdings in Starbucks were worth $2,319,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. International Assets Investment Management LLC raised its position in Starbucks by 11,217.0% during the 3rd quarter. International Assets Investment Management LLC now owns 752,355 shares of the coffee company’s stock valued at $73,347,000 after purchasing an additional 745,707 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in shares of Starbucks by 31.8% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 3,766 shares of the coffee company’s stock valued at $367,000 after buying an additional 909 shares during the period. DT Investment Partners LLC raised its holdings in shares of Starbucks by 39.4% during the third quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock valued at $42,000 after acquiring an additional 121 shares in the last quarter. Dakota Wealth Management lifted its stake in Starbucks by 0.5% in the third quarter. Dakota Wealth Management now owns 55,793 shares of the coffee company’s stock worth $5,439,000 after acquiring an additional 300 shares during the period. Finally, Legacy Capital Group California Inc. boosted its holdings in Starbucks by 14.2% in the third quarter. Legacy Capital Group California Inc. now owns 4,872 shares of the coffee company’s stock valued at $475,000 after acquiring an additional 607 shares in the last quarter. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Barclays upped their price objective on shares of Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a report 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 research note on Friday, January 24th. Stifel Nicolaus lifted their price objective on Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a research report on Monday, January 27th. TD Cowen reissued a “buy” rating and issued a $110.00 target price on shares of Starbucks in a research report on Monday, November 11th. Finally, Wedbush lifted their price target on Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $105.33.

Starbucks Trading Down 1.4 %

Starbucks stock opened at $111.75 on Friday. The firm has a market cap of $126.94 billion, a price-to-earnings ratio of 36.05, a PEG ratio of 3.59 and a beta of 1.00. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $114.68. The stock has a fifty day simple moving average of $99.72 and a two-hundred day simple moving average of $97.30.

Starbucks (NASDAQ:SBUX) last issued its earnings results 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 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, equities research analysts forecast that Starbucks Co. will post 2.99 EPS for the current fiscal 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.