Altrius Capital Management Inc Has $4.86 Million Stock Holdings in Starbucks Co. (NASDAQ:SBUX)

Altrius Capital Management Inc reduced its position in Starbucks Co. (NASDAQ:SBUX) by 1.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 53,250 shares of the coffee company’s stock after selling 935 shares during the quarter. Altrius Capital Management Inc’s holdings in Starbucks were worth $4,859,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of SBUX. Pallas Capital Advisors LLC bought a new position in shares of Starbucks in the third quarter valued at approximately $235,000. Strategic Blueprint LLC purchased a new stake in Starbucks during the third quarter worth about $209,000. Valmark Advisers Inc. raised its position in Starbucks by 2.3% in the third quarter. Valmark Advisers Inc. now owns 10,906 shares of the coffee company’s stock worth $1,063,000 after acquiring an additional 243 shares during the period. Childress Capital Advisors LLC boosted its stake in Starbucks by 4.8% in the third quarter. Childress Capital Advisors LLC now owns 2,727 shares of the coffee company’s stock valued at $266,000 after acquiring an additional 126 shares during the last quarter. Finally, Mutual Advisors LLC grew its position in shares of Starbucks by 3.3% during the 3rd quarter. Mutual Advisors LLC now owns 46,996 shares of the coffee company’s stock valued at $4,566,000 after acquiring an additional 1,515 shares during the period. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SBUX has been the subject of several recent research reports. UBS Group lifted their price objective on Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. BMO Capital Markets raised their target price on Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Barclays boosted their price objective on shares of Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. TD Cowen reiterated a “buy” rating and issued a $110.00 target price on shares of Starbucks in a research note on Monday, November 11th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $115.00 price target on shares of Starbucks in a report on Friday, January 24th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $105.75.

Starbucks Stock Performance

Starbucks stock opened at $114.49 on Friday. The stock has a market cap of $130.05 billion, a PE ratio of 36.93, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. The stock has a fifty day moving average of $101.55 and a 200 day moving average of $98.22. Starbucks Co. has a one year low of $71.55 and a one year high of $115.70.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data 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 period in the previous year, the firm posted $0.90 EPS. As a group, sell-side analysts predict that Starbucks Co. will post 2.99 EPS 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.