Starbucks Co. (NASDAQ:SBUX) Shares Sold by JBR Co Financial Management Inc

JBR Co Financial Management Inc cut its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,643 shares of the coffee company’s stock after selling 105 shares during the quarter. JBR Co Financial Management Inc’s holdings in Starbucks were worth $515,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Financial Life Planners acquired a new position in Starbucks in the fourth quarter valued at approximately $25,000. Collier Financial acquired a new position in Starbucks in the fourth quarter valued at approximately $27,000. Centricity Wealth Management LLC acquired a new position in Starbucks in the fourth quarter valued at approximately $36,000. DT Investment Partners LLC boosted its holdings in Starbucks by 39.4% in the third quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock valued at $42,000 after purchasing an additional 121 shares in the last quarter. Finally, Morton Brown Family Wealth LLC boosted its holdings in Starbucks by 43.9% in the fourth quarter. Morton Brown Family Wealth LLC now owns 505 shares of the coffee company’s stock valued at $46,000 after purchasing an additional 154 shares in the last quarter. 72.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on SBUX. UBS Group upped 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. Stifel Nicolaus upped their price target on Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a report on Monday, January 27th. Citigroup upped their price target on Starbucks from $96.00 to $99.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. TD Cowen reiterated a “buy” rating and issued a $110.00 price objective on shares of Starbucks in a research note on Monday, November 11th. Finally, Wells Fargo & Company boosted their price objective on Starbucks from $110.00 to $115.00 and gave the company an “overweight” rating in a research note on Tuesday, November 26th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.33.

Starbucks Price Performance

Shares of SBUX stock opened at $111.75 on Friday. The business’s fifty day moving average price is $99.72 and its 200 day moving average price is $97.30. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $114.68. The firm has a market capitalization of $126.94 billion, a PE ratio of 36.05, a P/E/G ratio of 3.59 and a beta of 1.00.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data 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 negative return on equity of 44.97% and a net margin of 9.73%. During the same quarter last year, the firm earned $0.90 EPS. Equities research analysts expect that Starbucks Co. will post 2.99 earnings per share for the current fiscal 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.