Starbucks Co. (NASDAQ:SBUX) Holdings Lowered by Retirement Solution LLC

Retirement Solution LLC reduced its position in Starbucks Co. (NASDAQ:SBUX) by 60.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,682 shares of the coffee company’s stock after selling 12,996 shares during the period. Starbucks comprises approximately 0.2% of Retirement Solution LLC’s holdings, making the stock its 22nd largest position. Retirement Solution LLC’s holdings in Starbucks were worth $792,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Financial Life Planners acquired a new stake in Starbucks during the 4th quarter worth about $25,000. Collier Financial purchased a new position in Starbucks in the fourth quarter valued at about $27,000. Marshall Investment Management LLC purchased a new stake in shares of Starbucks during the 4th quarter worth about $30,000. Noble Wealth Management PBC bought a new stake in shares of Starbucks in the 4th quarter valued at approximately $30,000. Finally, Centricity Wealth Management LLC bought a new position in Starbucks during the fourth quarter valued at approximately $36,000. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Starbucks Stock Performance

Shares of NASDAQ:SBUX opened at $106.48 on Friday. The firm has a market cap of $120.95 billion, a PE ratio of 34.35, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $117.46. The business has a fifty day moving average of $104.10 and a 200-day moving average of $99.08.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) 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 firm earned $0.90 EPS. On average, analysts anticipate that Starbucks Co. will post 2.99 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SBUX. UBS Group upped their price objective on shares of Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Wells Fargo & Company raised their price target on Starbucks from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. Redburn Atlantic restated a “sell” rating and issued a $77.00 price objective (down previously from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. Barclays boosted their price objective on shares of Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Finally, BMO Capital Markets upped 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. 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, Starbucks presently has an average rating of “Moderate Buy” and a consensus target price of $105.75.

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.