Ghe LLC Sells 1,472 Shares of Starbucks Co. (NASDAQ:SBUX)

Ghe LLC lessened its stake in Starbucks Co. (NASDAQ:SBUX) by 3.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 43,323 shares of the coffee company’s stock after selling 1,472 shares during the period. Starbucks comprises 1.7% of Ghe LLC’s portfolio, making the stock its 13th biggest holding. Ghe LLC’s holdings in Starbucks were worth $4,224,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Financial Life Planners bought a new position in Starbucks during the fourth quarter worth about $25,000. Collier Financial bought a new position in shares of Starbucks in the fourth quarter valued at approximately $27,000. Marshall Investment Management LLC bought a new position in shares of Starbucks in the fourth quarter valued at approximately $30,000. Centricity Wealth Management LLC bought a new position in shares of Starbucks in the fourth quarter valued at approximately $36,000. Finally, FSA Wealth Management LLC bought a new position in shares of Starbucks in the third quarter valued at approximately $49,000. Institutional investors own 72.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SBUX. Wedbush lifted their target price on shares of Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Redburn Atlantic reiterated a “sell” rating and issued a $77.00 target price (down previously from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. Royal Bank of Canada reiterated an “outperform” rating and issued a $115.00 target price on shares of Starbucks in a research note on Friday, January 24th. Citigroup raised their price target on shares of Starbucks from $96.00 to $99.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Finally, UBS Group raised their price target on shares of Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Starbucks has a consensus rating of “Moderate Buy” and an average price target of $105.33.

Starbucks Trading Down 1.4 %

SBUX opened at $111.75 on Monday. The stock has a market capitalization of $126.94 billion, a P/E ratio of 36.05, a P/E/G ratio of 3.59 and a beta of 1.00. The firm’s fifty day simple moving average is $99.72 and its 200 day simple moving average is $97.46. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $114.68.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, topping 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 quarter last year, the firm posted $0.90 EPS. On average, equities research analysts predict that Starbucks Co. will post 2.99 EPS 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.