Middleton & Co. Inc. MA Sells 3,436 Shares of Starbucks Co. (NASDAQ:SBUX)

Middleton & Co. Inc. MA lowered its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 5.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 54,634 shares of the coffee company’s stock after selling 3,436 shares during the period. Middleton & Co. Inc. MA’s holdings in Starbucks were worth $4,985,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of SBUX. Strategic Financial Concepts LLC acquired a new stake in Starbucks during the fourth quarter worth approximately $62,000. Weil Company Inc. lifted its position in Starbucks by 31.2% during the third quarter. Weil Company Inc. now owns 34,580 shares of the coffee company’s stock worth $3,371,000 after acquiring an additional 8,222 shares during the last quarter. Maia Wealth LLC lifted its position in Starbucks by 69.1% during the third quarter. Maia Wealth LLC now owns 18,582 shares of the coffee company’s stock worth $1,805,000 after acquiring an additional 7,596 shares during the last quarter. Investment Management Corp of Ontario raised its position in shares of Starbucks by 48.6% in the third quarter. Investment Management Corp of Ontario now owns 37,584 shares of the coffee company’s stock valued at $3,664,000 after buying an additional 12,300 shares in the last quarter. Finally, Aljian Capital Management LLC raised its position in shares of Starbucks by 48.5% in the third quarter. Aljian Capital Management LLC now owns 30,422 shares of the coffee company’s stock valued at $2,966,000 after buying an additional 9,936 shares in the last quarter. Institutional investors own 72.29% of the company’s stock.

Starbucks Trading Up 1.2 %

Shares of NASDAQ SBUX opened at $115.81 on Friday. The firm’s 50-day moving average price is $102.11 and its 200-day moving average price is $98.49. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $116.09. The firm has a market capitalization of $131.55 billion, a P/E ratio of 37.36, 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, beating 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 last year, the company earned $0.90 EPS. Equities research analysts forecast that Starbucks Co. will post 2.99 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on SBUX shares. Redburn Atlantic reiterated a “sell” rating and issued a $77.00 price target (down from $84.00) on shares of Starbucks in a research report on Wednesday, November 13th. TD Cowen restated a “buy” rating and set a $110.00 price objective on shares of Starbucks in a research report on Monday, November 11th. Royal Bank of Canada restated an “outperform” rating and set a $115.00 price objective on shares of Starbucks in a research report on Friday, January 24th. 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 report on Wednesday, January 29th. Finally, BMO Capital Markets boosted their price objective on shares of Starbucks from $110.00 to $115.00 and gave the company an “outperform” 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 given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $105.75.

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.