Starbucks Co. (NASDAQ:SBUX) Shares Sold by Ieq Capital LLC

Ieq Capital LLC lowered its holdings in Starbucks Co. (NASDAQ:SBUX) by 60.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 25,173 shares of the coffee company’s stock after selling 38,170 shares during the quarter. Ieq Capital LLC’s holdings in Starbucks were worth $2,297,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC lifted its position in shares of 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 worth $73,347,000 after buying an additional 745,707 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in Starbucks by 31.8% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 3,766 shares of the coffee company’s stock worth $367,000 after acquiring an additional 909 shares in the last quarter. Mediolanum International Funds Ltd lifted its position in Starbucks by 93.7% in the third quarter. Mediolanum International Funds Ltd now owns 27,977 shares of the coffee company’s stock valued at $2,719,000 after acquiring an additional 13,534 shares during the last quarter. Osborne Partners Capital Management LLC acquired a new position in Starbucks in the third quarter valued at $206,000. Finally, Arkadios Wealth Advisors grew its holdings in shares of Starbucks by 15.3% during the third quarter. Arkadios Wealth Advisors now owns 10,555 shares of the coffee company’s stock worth $1,029,000 after purchasing an additional 1,400 shares during the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Stock Down 1.4 %

NASDAQ:SBUX opened at $111.75 on Monday. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $114.68. The stock has a fifty day simple moving average of $99.72 and a 200-day simple moving average of $97.46. The company has a market capitalization of $126.94 billion, a PE ratio of 36.05, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) 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 quarter in the previous year, the company earned $0.90 earnings per share. As a group, equities analysts anticipate that Starbucks Co. will post 2.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on SBUX shares. Redburn Atlantic reissued a “sell” rating and issued a $77.00 target price (down from $84.00) on shares of Starbucks in a report on Wednesday, November 13th. Wedbush increased their price objective on Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. TD Cowen reaffirmed a “buy” rating and issued a $110.00 target price on shares of Starbucks in a report on Monday, November 11th. BMO Capital Markets increased their price target on shares of Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Finally, Barclays lifted their price objective on shares of Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $105.33.

About Starbucks

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.