O Dell Group LLC Has $404,000 Stock Holdings in Starbucks Co. (NASDAQ:SBUX)

O Dell Group LLC cut its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,427 shares of the coffee company’s stock after selling 112 shares during the period. O Dell Group LLC’s holdings in Starbucks were worth $404,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Financial Life Planners purchased a new stake in Starbucks in the 4th quarter worth about $25,000. Collier Financial purchased a new stake in Starbucks in the 4th quarter worth about $27,000. Marshall Investment Management LLC purchased a new stake in Starbucks in the 4th quarter worth about $30,000. Noble Wealth Management PBC purchased a new stake in Starbucks in the 4th quarter worth about $30,000. Finally, Centricity Wealth Management LLC purchased a new stake in Starbucks in the 4th quarter worth about $36,000. 72.29% of the stock is owned by institutional investors and hedge funds.

Starbucks Trading Down 5.0 %

Shares of SBUX stock opened at $101.13 on Tuesday. The stock has a 50 day moving average of $104.31 and a two-hundred day moving average of $99.19. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $117.46. The company has a market capitalization of $114.87 billion, a P/E ratio of 32.62, a P/E/G ratio of 3.59 and a beta of 0.99.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates 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 prior year, the company posted $0.90 earnings per share. Sell-side analysts predict that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Redburn Atlantic reaffirmed a “sell” rating and issued a $77.00 target price (down from $84.00) on shares of Starbucks in a research report on Wednesday, November 13th. UBS Group upped their target price on Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Stifel Nicolaus upped their target price on Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Wedbush upped their target price on Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $115.00 price objective on shares of Starbucks in a report on Friday, January 24th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Starbucks has a consensus 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.