Private Trust Co. NA Sells 408 Shares of Starbucks Co. (NASDAQ:SBUX)

Private Trust Co. NA lowered its stake in Starbucks Co. (NASDAQ:SBUX) by 3.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,199 shares of the coffee company’s stock after selling 408 shares during the quarter. Private Trust Co. NA’s holdings in Starbucks were worth $1,113,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Financial Life Planners bought a new stake in shares of Starbucks in the 4th quarter valued at $25,000. Collier Financial bought a new stake in shares of Starbucks in the 4th quarter valued at $27,000. Marshall Investment Management LLC bought a new stake in shares of Starbucks in the 4th quarter valued at $30,000. Centricity Wealth Management LLC bought a new stake in shares of Starbucks in the 4th quarter valued at $36,000. Finally, Morton Brown Family Wealth LLC increased its stake in shares of Starbucks by 43.9% in the 4th quarter. Morton Brown Family Wealth LLC now owns 505 shares of the coffee company’s stock valued at $46,000 after acquiring an additional 154 shares in the last quarter. Institutional investors own 72.29% of the company’s stock.

Starbucks Stock Performance

Shares of NASDAQ:SBUX opened at $115.81 on Friday. The company’s 50-day moving average is $102.11 and its 200 day moving average is $98.49. The company has a market capitalization of $131.55 billion, a P/E ratio of 37.36, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $116.09.

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

Wall Street Analysts Forecast Growth

SBUX has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price target on shares of Starbucks from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Tuesday. TD Cowen restated a “buy” rating and set a $110.00 price target on shares of Starbucks in a research note on Monday, November 11th. Stifel Nicolaus boosted their price target on shares of Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Royal Bank of Canada restated an “outperform” rating and set a $115.00 price target on shares of Starbucks in a research note on Friday, January 24th. Finally, Wedbush boosted their price target 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. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $105.75.

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.