Starbucks Co. (NASDAQ:SBUX) Holdings Reduced by United Community Bank

United Community Bank decreased its position in Starbucks Co. (NASDAQ:SBUX) by 8.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,820 shares of the coffee company’s stock after selling 695 shares during the period. United Community Bank’s holdings in Starbucks were worth $714,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of SBUX. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Starbucks by 6.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 45,446 shares of the coffee company’s stock valued at $4,431,000 after acquiring an additional 2,590 shares in the last quarter. Cozad Asset Management Inc. bought a new position in shares of Starbucks in the third quarter valued at approximately $241,000. Kornitzer Capital Management Inc. KS boosted its holdings in shares of Starbucks by 4.0% in the third quarter. Kornitzer Capital Management Inc. KS now owns 26,116 shares of the coffee company’s stock valued at $2,546,000 after acquiring an additional 994 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of Starbucks in the third quarter valued at approximately $71,000. Finally, Fiera Capital Corp boosted its holdings in shares of Starbucks by 13.8% in the third quarter. Fiera Capital Corp now owns 50,753 shares of the coffee company’s stock valued at $4,948,000 after acquiring an additional 6,163 shares in the last quarter. Institutional investors own 72.29% of the company’s stock.

Starbucks Stock Up 1.0 %

Shares of SBUX opened at $106.48 on Friday. The company’s fifty day moving average is $104.10 and its 200-day moving average is $99.08. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $117.46. The firm has a market cap of $120.95 billion, a price-to-earnings ratio of 34.35, 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 (EPS) 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 last year, the firm posted $0.90 EPS. As a group, research analysts predict that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SBUX. Royal Bank of Canada reissued an “outperform” rating and set a $115.00 target price on shares of Starbucks in a research note on Friday, January 24th. BMO Capital Markets increased 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. UBS Group increased their target price on shares of Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Wedbush increased their target price on shares of Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Finally, TD Cowen reissued a “buy” rating and set a $110.00 target price on shares of Starbucks in a research note on Monday, November 11th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Starbucks currently has an average rating of “Moderate Buy” and an average target price of $105.75.

Starbucks Company 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.