Starbucks Co. (NASDAQ:SBUX) Shares Sold by Transamerica Financial Advisors Inc.

Transamerica Financial Advisors Inc. reduced its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 2.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 7,495 shares of the coffee company’s stock after selling 172 shares during the period. Transamerica Financial Advisors Inc.’s holdings in Starbucks were worth $684,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of SBUX. Intrust Bank NA raised its position in Starbucks by 1.1% during the fourth quarter. Intrust Bank NA now owns 17,084 shares of the coffee company’s stock valued at $1,559,000 after acquiring an additional 185 shares in the last quarter. Biondo Investment Advisors LLC increased its holdings in shares of Starbucks by 1.5% during the 4th quarter. Biondo Investment Advisors LLC now owns 60,740 shares of the coffee company’s stock valued at $5,543,000 after purchasing an additional 870 shares in the last quarter. Allstate Corp acquired a new position in shares of Starbucks in the 4th quarter valued at $3,069,000. RiverFront Investment Group LLC lifted its stake in shares of Starbucks by 9.0% in the 4th quarter. RiverFront Investment Group LLC now owns 5,319 shares of the coffee company’s stock valued at $485,000 after purchasing an additional 440 shares during the period. Finally, DnB Asset Management AS grew its position in Starbucks by 6.1% during the fourth quarter. DnB Asset Management AS now owns 205,456 shares of the coffee company’s stock valued at $18,748,000 after buying an additional 11,822 shares during the period. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Starbucks Stock Performance

SBUX opened at $97.73 on Friday. The business’s 50 day moving average price is $105.75 and its 200 day moving average price is $99.54. The stock has a market capitalization of $111.01 billion, a PE ratio of 31.53, a P/E/G ratio of 3.59 and a beta of 0.99. Starbucks Co. has a one year low of $71.55 and a one year high of $117.46.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (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 quarter in the prior year, the business posted $0.90 earnings per share. As a group, equities research analysts forecast that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Barclays upped their price objective on shares of Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. BMO Capital Markets increased their price target on Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Argus raised Starbucks from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a research note on Tuesday, March 18th. Royal Bank of Canada reissued an “outperform” rating and issued a $115.00 price target on shares of Starbucks in a research note on Friday, January 24th. Finally, 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 research report on Wednesday, January 29th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $106.12.

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.