Creative Financial Designs Inc. ADV Sells 209 Shares of Starbucks Co. (NASDAQ:SBUX)

Creative Financial Designs Inc. ADV trimmed its holdings in Starbucks Co. (NASDAQ:SBUX) by 9.4% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 2,003 shares of the coffee company’s stock after selling 209 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in Starbucks were worth $183,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. SlateStone Wealth LLC boosted its position in Starbucks by 1.3% in the fourth quarter. SlateStone Wealth LLC now owns 58,634 shares of the coffee company’s stock worth $5,350,000 after purchasing an additional 779 shares during the last quarter. First National Advisers LLC boosted its position in Starbucks by 4.8% in the fourth quarter. First National Advisers LLC now owns 8,363 shares of the coffee company’s stock worth $763,000 after purchasing an additional 385 shares during the last quarter. GWN Securities Inc. purchased a new position in Starbucks in the fourth quarter worth about $219,000. Patten & Patten Inc. TN boosted its position in Starbucks by 8.9% in the fourth quarter. Patten & Patten Inc. TN now owns 4,967 shares of the coffee company’s stock worth $453,000 after purchasing an additional 404 shares during the last quarter. Finally, Harbour Investments Inc. boosted its position in Starbucks by 4.8% in the fourth quarter. Harbour Investments Inc. now owns 14,074 shares of the coffee company’s stock worth $1,284,000 after purchasing an additional 643 shares during the last quarter. 72.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SBUX. Argus raised Starbucks from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a research report on Tuesday. Wedbush raised 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. Royal Bank of Canada reaffirmed an “outperform” rating and set a $115.00 price objective on shares of Starbucks in a research report on Friday, January 24th. UBS Group lifted their price objective on Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Finally, BMO Capital Markets lifted their price objective on Starbucks from $110.00 to $115.00 and gave the company an “outperform” 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 given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $106.12.

Starbucks Stock Performance

NASDAQ SBUX opened at $99.19 on Thursday. The company has a market cap of $112.67 billion, a P/E ratio of 32.00, a P/E/G ratio of 3.59 and a beta of 0.99. The business’s 50 day moving average price is $105.18 and its 200-day moving average price is $99.30. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $117.46.

Starbucks (NASDAQ:SBUX) last released its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, beating the consensus estimate 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 company posted $0.90 EPS. As a group, equities analysts predict that Starbucks Co. will post 2.99 EPS for the current year.

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.