Haverford Trust Co Sells 2,785 Shares of Starbucks Co. (NASDAQ:SBUX)

Haverford Trust Co trimmed its position in Starbucks Co. (NASDAQ:SBUX) by 6.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,303 shares of the coffee company’s stock after selling 2,785 shares during the period. Haverford Trust Co’s holdings in Starbucks were worth $3,404,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Congress Wealth Management LLC DE grew its position in shares of Starbucks by 16.2% in the 4th quarter. Congress Wealth Management LLC DE now owns 17,230 shares of the coffee company’s stock worth $1,572,000 after buying an additional 2,406 shares during the period. Twin City Private Wealth LLC increased its stake in shares of Starbucks by 5.5% during the fourth quarter. Twin City Private Wealth LLC now owns 27,214 shares of the coffee company’s stock valued at $2,483,000 after purchasing an additional 1,420 shares in the last quarter. Mountain Hill Investment Partners Corp. purchased a new position in shares of Starbucks during the fourth quarter valued at approximately $73,000. Vanguard Group Inc. boosted its position in shares of Starbucks by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 111,106,209 shares of the coffee company’s stock worth $10,138,442,000 after purchasing an additional 784,432 shares in the last quarter. Finally, Napatree Capital LLC grew its stake in shares of Starbucks by 12.9% in the 4th quarter. Napatree Capital LLC now owns 4,791 shares of the coffee company’s stock worth $437,000 after buying an additional 546 shares during the last quarter. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on SBUX. Wells Fargo & Company raised their price objective on shares of Starbucks from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. Argus upgraded Starbucks from a “hold” rating to a “buy” rating and set a $115.00 price objective for the company in a report on Tuesday, March 18th. Barclays upped their target price on shares of Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. BMO Capital Markets lifted their price target on shares of Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Finally, Stifel Nicolaus raised their target price on shares of Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Starbucks presently has a consensus rating of “Moderate Buy” and an average target price of $106.12.

Starbucks Stock Performance

SBUX stock opened at $95.72 on Tuesday. The company has a market capitalization of $108.73 billion, a PE ratio of 30.88, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99. The company’s fifty day moving average price is $105.45 and its 200-day moving average price is $99.44. Starbucks Co. has a one year low of $71.55 and a one year high of $117.46.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, beating the consensus estimate 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 quarter in the prior year, the firm posted $0.90 earnings per share. On average, research analysts predict that Starbucks Co. will post 2.99 EPS for the current fiscal year.

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.