Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 5,671 Shares of Starbucks Co. (NASDAQ:SBUX)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its position in shares of Starbucks Co. (NASDAQ:SBUX) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 241,016 shares of the coffee company’s stock after selling 5,671 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Starbucks were worth $21,993,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of SBUX. Berkeley Capital Partners LLC grew its stake in shares of Starbucks by 1.9% during the 4th quarter. Berkeley Capital Partners LLC now owns 21,998 shares of the coffee company’s stock worth $2,007,000 after acquiring an additional 410 shares in the last quarter. iA Global Asset Management Inc. grew its position in Starbucks by 62.4% in the fourth quarter. iA Global Asset Management Inc. now owns 200,247 shares of the coffee company’s stock valued at $18,273,000 after purchasing an additional 76,910 shares in the last quarter. Teacher Retirement System of Texas increased its stake in Starbucks by 64.3% in the 4th quarter. Teacher Retirement System of Texas now owns 66,843 shares of the coffee company’s stock valued at $6,099,000 after buying an additional 26,164 shares during the last quarter. Royal London Asset Management Ltd. lifted its position 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 worth $43,232,000 after buying an additional 5,274 shares in the last quarter. Finally, Next Capital Management LLC acquired a new stake in shares of Starbucks in the fourth quarter valued at about $207,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Trading Up 0.1 %

SBUX stock opened at $99.28 on Friday. The firm has a 50-day moving average price of $105.31 and a 200-day moving average price of $99.30. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $117.46. The stock has a market capitalization of $112.77 billion, a P/E ratio of 32.03, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $115.00 price objective on shares of Starbucks in a report on Friday, January 24th. Stifel Nicolaus increased their price target on shares of Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Argus upgraded shares of Starbucks from a “hold” rating to a “buy” rating and set a $115.00 price objective on the stock in a research note on Tuesday. BMO Capital Markets raised their target price on shares of Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Finally, Barclays boosted their price target on Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.