Bellecapital International Ltd. Lowers Position in Starbucks Co. (NASDAQ:SBUX)

Bellecapital International Ltd. trimmed its position in shares of Starbucks Co. (NASDAQ:SBUX) by 9.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,470 shares of the coffee company’s stock after selling 2,407 shares during the quarter. Bellecapital International Ltd.’s holdings in Starbucks were worth $2,233,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Financial Life Planners bought a new position in Starbucks in the fourth quarter worth $25,000. Collier Financial bought a new position in Starbucks in the fourth quarter worth $27,000. Marshall Investment Management LLC bought a new position in Starbucks in the fourth quarter worth $30,000. Noble Wealth Management PBC bought a new position in Starbucks in the fourth quarter worth $30,000. Finally, Centricity Wealth Management LLC bought a new position in Starbucks in the fourth quarter worth $36,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Wall Street Analysts Forecast Growth

SBUX has been the subject of a number of research reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $115.00 price objective on shares of Starbucks in a report on Friday, January 24th. Redburn Atlantic reiterated a “sell” rating and issued a $77.00 price objective (down previously from $84.00) on shares of Starbucks in a report on Wednesday, November 13th. BMO Capital Markets raised their price target on Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Wedbush raised their price target on Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Finally, Stifel Nicolaus raised their price target on Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a report on Monday, January 27th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $105.75.

Starbucks Stock Performance

Shares of NASDAQ:SBUX opened at $115.81 on Monday. The stock has a market capitalization of $131.55 billion, a price-to-earnings ratio of 37.36, a PEG ratio of 3.59 and a beta of 1.00. The stock’s 50-day simple moving average is $102.11 and its two-hundred day simple moving average is $98.54. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $116.09.

Starbucks (NASDAQ:SBUX) last announced its 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 negative return on equity of 44.97% and a net margin of 9.73%. During the same period in the previous year, the business earned $0.90 EPS. As a group, equities analysts forecast that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Starbucks 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.