Starbucks Co. (NASDAQ:SBUX) Stake Reduced by Ramsay Stattman Vela & Price Inc.

Ramsay Stattman Vela & Price Inc. reduced its holdings in Starbucks Co. (NASDAQ:SBUX) by 2.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,792 shares of the coffee company’s stock after selling 1,523 shares during the quarter. Starbucks accounts for 1.2% of Ramsay Stattman Vela & Price Inc.’s holdings, making the stock its 27th biggest position. Ramsay Stattman Vela & Price Inc.’s holdings in Starbucks were worth $6,551,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Financial Life Planners purchased a new position in Starbucks in the 4th quarter worth about $25,000. Collier Financial purchased a new stake in shares of Starbucks in the 4th quarter valued at approximately $27,000. DT Investment Partners LLC boosted its stake in Starbucks by 39.4% in the 3rd quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock worth $42,000 after purchasing an additional 121 shares during the period. FSA Wealth Management LLC acquired a new stake in Starbucks during the 3rd quarter valued at $49,000. Finally, Hager Investment Management Services LLC purchased a new position in shares of Starbucks during the fourth quarter valued at $56,000. 72.29% of the stock is currently owned by institutional investors.

Starbucks Trading Down 0.4 %

SBUX opened at $112.55 on Tuesday. The stock has a market capitalization of $127.85 billion, a P/E ratio of 36.31, a P/E/G ratio of 3.52 and a beta of 1.00. The firm’s fifty day simple moving average is $98.28 and its 200 day simple moving average is $96.14. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $113.47.

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 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 previous year, the company posted $0.90 earnings per share. On average, equities research analysts predict that Starbucks Co. will post 3 EPS for the current fiscal year.

Insider Buying and Selling at Starbucks

In related news, CFO Rachel Ruggeri sold 1,491 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $99.54, for a total transaction of $148,414.14. Following the sale, the chief financial officer now owns 80,124 shares in the company, valued at approximately $7,975,542.96. This represents a 1.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on SBUX. Royal Bank of Canada reiterated an “outperform” rating and issued a $115.00 target price on shares of Starbucks in a research note on Friday, January 24th. BMO Capital Markets increased their target price on shares of Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Wedbush raised their price objective on Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Barclays boosted their price objective on Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Finally, UBS Group raised their target price on Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average 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.