Starbucks Co. (NASDAQ:SBUX) Stock Holdings Cut by Kampmann Melissa S.

Kampmann Melissa S. reduced its position in shares of Starbucks Co. (NASDAQ:SBUX) by 12.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,731 shares of the coffee company’s stock after selling 3,695 shares during the quarter. Kampmann Melissa S.’s holdings in Starbucks were worth $2,348,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Royal London Asset Management Ltd. boosted its stake in Starbucks by 1.1% during the 4th quarter. Royal London Asset Management Ltd. now owns 473,779 shares of the coffee company’s stock valued at $43,232,000 after purchasing an additional 5,274 shares in the last quarter. Next Capital Management LLC bought a new position in Starbucks during the 4th quarter valued at $207,000. Generali Investments Management Co LLC bought a new position in Starbucks during the 4th quarter valued at $182,000. Harvest Fund Management Co. Ltd boosted its stake in Starbucks by 17.6% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 66,971 shares of the coffee company’s stock valued at $6,081,000 after purchasing an additional 10,019 shares in the last quarter. Finally, Bestgate Wealth Advisors LLC bought a new position in Starbucks during the 4th quarter valued at $306,000. 72.29% of the stock is owned by institutional investors.

Starbucks Price Performance

NASDAQ SBUX opened at $99.19 on Thursday. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $117.46. The stock’s 50-day moving average is $105.18 and its two-hundred day moving average is $99.30. The firm has a market cap of $112.67 billion, a P/E ratio of 32.00, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99.

Starbucks (NASDAQ:SBUX) last posted its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, beating the consensus estimate 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 quarter last year, the company earned $0.90 EPS. On average, equities analysts expect that Starbucks Co. will post 2.99 EPS for the current year.

Wall Street Analysts Forecast Growth

SBUX has been the subject of several research reports. BMO Capital Markets raised their price objective on Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Wells Fargo & Company raised their price objective on Starbucks from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. Royal Bank of Canada reissued an “outperform” rating and set a $115.00 price objective on shares of Starbucks in a research note on Friday, January 24th. Barclays raised their price objective on Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Finally, Argus raised Starbucks from a “hold” rating to a “buy” rating and set a $115.00 price objective for the company in a research note on Tuesday. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Starbucks presently has an average rating of “Moderate Buy” and a consensus target price of $106.12.

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.