Crestwood Advisors Group LLC Sells 2,384 Shares of Starbucks Co. (NASDAQ:SBUX)

Crestwood Advisors Group LLC lowered its position in Starbucks Co. (NASDAQ:SBUX) by 5.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,309 shares of the coffee company’s stock after selling 2,384 shares during the period. Crestwood Advisors Group LLC’s holdings in Starbucks were worth $3,952,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. IFP Advisors Inc raised its holdings in Starbucks by 0.5% during the 4th quarter. IFP Advisors Inc now owns 50,027 shares of the coffee company’s stock worth $4,566,000 after buying an additional 228 shares during the period. WealthShield Partners LLC increased its position in shares of Starbucks by 15.2% during the fourth quarter. WealthShield Partners LLC now owns 3,065 shares of the coffee company’s stock worth $280,000 after acquiring an additional 404 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Starbucks during the fourth quarter worth $389,000. World Equity Group Inc. lifted its position in Starbucks by 105.5% in the 4th quarter. World Equity Group Inc. now owns 4,700 shares of the coffee company’s stock valued at $429,000 after acquiring an additional 2,413 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Starbucks by 4.9% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 263,295 shares of the coffee company’s stock worth $24,026,000 after purchasing an additional 12,400 shares during the period. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Stock Up 1.3 %

SBUX opened at $113.19 on Tuesday. The stock has a market cap of $128.57 billion, a price-to-earnings ratio of 36.51, a PEG ratio of 3.59 and a beta of 1.00. Starbucks Co. has a 12-month low of $71.55 and a 12-month high of $114.68. The business has a 50 day moving average of $100.13 and a 200-day moving average of $97.72.

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 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 earned $0.90 earnings per share. As a group, analysts expect that Starbucks Co. will post 2.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Redburn Atlantic reissued a “sell” rating and issued a $77.00 price target (down previously from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. Citigroup lifted their target price on Starbucks from $96.00 to $99.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Wells Fargo & Company boosted their target price on Starbucks from $110.00 to $115.00 and gave the company an “overweight” rating in a research note on Tuesday, November 26th. BMO Capital Markets raised 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, Royal Bank of Canada reissued an “outperform” rating and issued a $115.00 price objective on shares of Starbucks in a research report on Friday, January 24th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.33.

About Starbucks

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.