Boston Partners Lowers Stock Holdings in Starbucks Co. (NASDAQ:SBUX)

Boston Partners decreased its position in shares of Starbucks Co. (NASDAQ:SBUX) by 99.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,636 shares of the coffee company’s stock after selling 2,815,756 shares during the period. Boston Partners’ holdings in Starbucks were worth $1,427,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Financial Life Planners purchased a new position in shares of Starbucks in the fourth quarter worth about $25,000. Collier Financial purchased a new position in shares of Starbucks in the fourth quarter worth about $27,000. Marshall Investment Management LLC purchased a new position in shares of Starbucks in the fourth quarter worth about $30,000. Noble Wealth Management PBC purchased a new position in shares of Starbucks in the fourth quarter worth about $30,000. Finally, Centricity Wealth Management LLC purchased a new position in shares of Starbucks in the fourth quarter worth about $36,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on SBUX shares. BMO Capital Markets lifted their price objective on Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Wedbush boosted their price target on Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Argus upgraded Starbucks from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a report on Tuesday, March 18th. Wells Fargo & Company boosted their price target on Starbucks from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. Finally, UBS Group boosted their price target on Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $106.12.

Starbucks Stock Down 2.2 %

Shares of SBUX opened at $97.07 on Friday. The business’s 50 day moving average price is $105.41 and its 200-day moving average price is $99.36. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $117.46. The stock has a market cap of $110.26 billion, a P/E ratio of 31.31, a P/E/G ratio of 3.59 and a beta of 0.99.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 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 period in the previous year, the company posted $0.90 EPS. On average, equities analysts anticipate that Starbucks Co. will post 2.99 EPS for the current 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.