Prudent Man Advisors LLC Has $618,000 Holdings in Starbucks Co. (NASDAQ:SBUX)

Prudent Man Advisors LLC decreased its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 3.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,777 shares of the coffee company’s stock after selling 234 shares during the quarter. Prudent Man Advisors LLC’s holdings in Starbucks were worth $618,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the business. Financial Life Planners purchased a new position in Starbucks in the fourth quarter valued at about $25,000. Collier Financial acquired a new position in Starbucks during the 4th quarter worth $27,000. Marshall Investment Management LLC bought a new stake in Starbucks during the 4th quarter valued at approximately $30,000. Noble Wealth Management PBC acquired a new stake in shares of Starbucks in the fourth quarter worth $30,000. Finally, Centricity Wealth Management LLC bought a new position in shares of Starbucks during the 4th quarter worth about $36,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Trading Up 1.2 %

NASDAQ:SBUX opened at $115.81 on Friday. The company has a market cap of $131.55 billion, a PE ratio of 37.36, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $116.09. The company has a 50 day simple moving average of $102.11 and a two-hundred day simple moving average of $98.49.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS 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 period in the previous year, the business earned $0.90 earnings per share. Research analysts forecast that Starbucks Co. will post 2.99 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Stifel Nicolaus increased their price target on shares of Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. UBS Group raised their price target on shares of Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Wedbush boosted their price target on shares of Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Redburn Atlantic restated a “sell” rating and set a $77.00 target price (down previously from $84.00) on shares of Starbucks in a report on Wednesday, November 13th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $115.00 price target on shares of Starbucks in a report on Friday, January 24th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $105.75.

Starbucks 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.