Starbucks Co. (NASDAQ:SBUX) Stake Lowered by River Global Investors LLP

River Global Investors LLP trimmed its position in shares of Starbucks Co. (NASDAQ:SBUX) by 45.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,764 shares of the coffee company’s stock after selling 9,668 shares during the period. River Global Investors LLP’s holdings in Starbucks were worth $1,074,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Arjuna Capital lifted its holdings in shares of Starbucks by 4.9% during the 4th quarter. Arjuna Capital now owns 12,772 shares of the coffee company’s stock valued at $1,165,000 after buying an additional 600 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. acquired a new position in Starbucks in the fourth quarter worth approximately $2,692,000. Bank Julius Baer & Co. Ltd Zurich raised its position in Starbucks by 49.2% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 208,607 shares of the coffee company’s stock valued at $20,796,000 after acquiring an additional 68,807 shares in the last quarter. Aviance Capital Partners LLC lifted its stake in Starbucks by 22.5% in the fourth quarter. Aviance Capital Partners LLC now owns 4,571 shares of the coffee company’s stock valued at $417,000 after acquiring an additional 840 shares during the last quarter. Finally, Oak Hill Wealth Advisors LLC grew its position in Starbucks by 201.1% in the fourth quarter. Oak Hill Wealth Advisors LLC now owns 13,329 shares of the coffee company’s stock worth $1,216,000 after acquiring an additional 26,508 shares in the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Trading Up 1.0 %

Shares of NASDAQ SBUX opened at $106.48 on Friday. The firm has a market capitalization of $120.95 billion, a price-to-earnings ratio of 34.35, a PEG ratio of 3.59 and a beta of 0.99. Starbucks Co. has a one year low of $71.55 and a one year high of $117.46. The business has a fifty day simple moving average of $104.10 and a 200 day simple moving average of $99.04.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, beating 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 in the previous year, the business posted $0.90 earnings per share. On average, research analysts anticipate that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Royal Bank of Canada restated an “outperform” rating and set a $115.00 price target on shares of Starbucks in a report on Friday, January 24th. Wedbush boosted their price target on Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Redburn Atlantic reiterated a “sell” rating and set a $77.00 price target (down previously from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. BMO Capital Markets raised their price objective on Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Finally, Wells Fargo & Company upped their target price on Starbucks from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $105.75.

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.