Parkside Financial Bank & Trust Lowers Stock Position in Starbucks Co. (NASDAQ:SBUX)

Parkside Financial Bank & Trust lowered its position in Starbucks Co. (NASDAQ:SBUX) by 2.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,924 shares of the coffee company’s stock after selling 173 shares during the period. Parkside Financial Bank & Trust’s holdings in Starbucks were worth $632,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Fort Sheridan Advisors LLC raised its holdings in shares of Starbucks by 24.9% in the fourth quarter. Fort Sheridan Advisors LLC now owns 2,935 shares of the coffee company’s stock valued at $268,000 after purchasing an additional 585 shares during the last quarter. Brueske Advisory Services LLC purchased a new stake in shares of Starbucks in the fourth quarter valued at about $1,569,000. Proficio Capital Partners LLC raised its holdings in shares of Starbucks by 3,455.4% in the fourth quarter. Proficio Capital Partners LLC now owns 246,497 shares of the coffee company’s stock valued at $22,493,000 after purchasing an additional 239,564 shares during the last quarter. Kovack Advisors Inc. grew its position in Starbucks by 3.3% during the fourth quarter. Kovack Advisors Inc. now owns 10,201 shares of the coffee company’s stock valued at $931,000 after buying an additional 328 shares during the period. Finally, Mn Services Vermogensbeheer B.V. grew its position in Starbucks by 1.7% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 447,200 shares of the coffee company’s stock valued at $40,807,000 after buying an additional 7,600 shares during the period. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Redburn Atlantic restated a “sell” rating and set a $77.00 price target (down previously from $84.00) on shares of Starbucks in a research report on Wednesday, November 13th. Royal Bank of Canada restated an “outperform” rating and set a $115.00 price target on shares of Starbucks in a research report on Friday, January 24th. Barclays increased their price target on shares of Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. 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 report on Monday, January 27th. Finally, Wells Fargo & Company increased their price target on shares of Starbucks from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $105.75.

Starbucks Trading Up 1.2 %

SBUX stock opened at $115.81 on Friday. The firm has a 50 day moving average of $102.11 and a 200-day moving average of $98.49. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $116.09. The firm has a market capitalization of $131.55 billion, a P/E ratio of 37.36, 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 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 prior year, the company earned $0.90 EPS. Sell-side analysts predict that Starbucks Co. will post 2.99 EPS for the current year.

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.