Horan Capital Advisors LLC. Decreases Stake in Starbucks Co. (NASDAQ:SBUX)

Horan Capital Advisors LLC. reduced its holdings in Starbucks Co. (NASDAQ:SBUX) by 24.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,231 shares of the coffee company’s stock after selling 730 shares during the period. Horan Capital Advisors LLC.’s holdings in Starbucks were worth $204,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of SBUX. Opes Wealth Management LLC purchased a new position in shares of Starbucks in the third quarter worth about $203,000. Robeco Institutional Asset Management B.V. lifted its stake in shares of Starbucks by 6.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 45,446 shares of the coffee company’s stock worth $4,431,000 after buying an additional 2,590 shares in the last quarter. Ground Swell Capital LLC purchased a new position in Starbucks during the third quarter worth about $1,343,000. Vestor Capital LLC raised its stake in Starbucks by 42.8% during the third quarter. Vestor Capital LLC now owns 2,605 shares of the coffee company’s stock worth $254,000 after purchasing an additional 781 shares during the period. Finally, Chaney Capital Management Inc. raised its stake in Starbucks by 32.9% during the third quarter. Chaney Capital Management Inc. now owns 10,423 shares of the coffee company’s stock worth $1,016,000 after purchasing an additional 2,578 shares during the period. 72.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SBUX has been the topic of a number of analyst reports. Wedbush lifted their target price 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. BMO Capital Markets lifted their target price on shares of Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. UBS Group lifted their target price on shares of Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $115.00 target price on shares of Starbucks in a research note on Friday, January 24th. Finally, Stifel Nicolaus lifted their target price on shares of Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $105.75.

Starbucks Stock Performance

Shares of SBUX stock opened at $115.41 on Tuesday. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $117.46. The stock has a market capitalization of $131.09 billion, a P/E ratio of 37.23, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. The company has a 50 day moving average price of $102.67 and a 200 day moving average price of $98.68.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS 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 quarter in the previous year, the firm posted $0.90 earnings per share. On average, research analysts forecast that Starbucks Co. will post 2.99 EPS 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.