Argonautica Private Wealth Management Inc. Sells 239 Shares of Starbucks Co. (NASDAQ:SBUX)

Argonautica Private Wealth Management Inc. lessened its stake in Starbucks Co. (NASDAQ:SBUX) by 0.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,849 shares of the coffee company’s stock after selling 239 shares during the quarter. Starbucks accounts for about 1.4% of Argonautica Private Wealth Management Inc.’s investment portfolio, making the stock its 17th biggest holding. Argonautica Private Wealth Management Inc.’s holdings in Starbucks were worth $4,184,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in SBUX. Advisor OS LLC increased its holdings in Starbucks by 3.2% during the 4th quarter. Advisor OS LLC now owns 4,548 shares of the coffee company’s stock worth $415,000 after purchasing an additional 139 shares in the last quarter. Weil Company Inc. boosted its position in shares of Starbucks by 2.9% during the fourth quarter. Weil Company Inc. now owns 35,576 shares of the coffee company’s stock worth $3,246,000 after buying an additional 996 shares during the period. Lake Street Advisors Group LLC raised its position in Starbucks by 113.6% in the 4th quarter. Lake Street Advisors Group LLC now owns 37,753 shares of the coffee company’s stock valued at $3,445,000 after buying an additional 20,076 shares during the last quarter. Bradley & Co. Private Wealth Management LLC bought a new stake in Starbucks in the 4th quarter valued at approximately $754,000. Finally, Los Angeles Capital Management LLC boosted its position in Starbucks by 51.9% during the 4th quarter. Los Angeles Capital Management LLC now owns 507,206 shares of the coffee company’s stock worth $46,283,000 after acquiring an additional 173,213 shares during the last quarter. Institutional investors own 72.29% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SBUX shares. BMO Capital Markets lifted their price target 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. UBS Group increased their price target on Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Barclays boosted their price target on Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Wedbush raised their target price 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. Finally, Citigroup upped their price target on shares of Starbucks from $96.00 to $99.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Starbucks has an average rating of “Moderate Buy” and a consensus target price of $105.75.

Starbucks Stock Performance

Shares of NASDAQ SBUX opened at $114.59 on Wednesday. The firm has a 50 day moving average price of $100.58 and a two-hundred day moving average price of $98.00. The stock has a market cap of $130.16 billion, a P/E ratio of 36.96, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $115.24.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, beating 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 prior year, the business earned $0.90 earnings per share. Analysts predict that Starbucks Co. will post 2.99 earnings per share for the current fiscal 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.