Schaper Benz & Wise Investment Counsel Inc. WI Sells 2,347 Shares of Starbucks Co. (NASDAQ:SBUX)

Schaper Benz & Wise Investment Counsel Inc. WI trimmed its position in Starbucks Co. (NASDAQ:SBUX) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 165,323 shares of the coffee company’s stock after selling 2,347 shares during the quarter. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Starbucks were worth $15,086,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SBUX. Robeco Institutional Asset Management B.V. lifted its holdings 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. Cozad Asset Management Inc. purchased a new stake in Starbucks in the third quarter valued at approximately $241,000. Kornitzer Capital Management Inc. KS raised its stake in Starbucks by 4.0% in the third quarter. Kornitzer Capital Management Inc. KS now owns 26,116 shares of the coffee company’s stock valued at $2,546,000 after purchasing an additional 994 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in Starbucks in the third quarter valued at approximately $71,000. Finally, Fiera Capital Corp raised its stake in Starbucks by 13.8% in the third quarter. Fiera Capital Corp now owns 50,753 shares of the coffee company’s stock valued at $4,948,000 after purchasing an additional 6,163 shares in the last quarter. 72.29% of the stock is owned by hedge funds and other institutional investors.

Starbucks Stock Up 1.0 %

NASDAQ:SBUX opened at $106.48 on Friday. The stock has a market cap of $120.95 billion, a P/E ratio of 34.35, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99. The firm’s fifty day simple moving average is $104.10 and its 200 day simple moving average is $99.08. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $117.46.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, beating the consensus estimate 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 quarter last year, the company earned $0.90 earnings per share. On average, analysts expect that Starbucks Co. will post 2.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on SBUX shares. BMO Capital Markets raised their target price 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. Wells Fargo & Company lifted their price target on shares of Starbucks from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. Redburn Atlantic reissued a “sell” rating and set a $77.00 price target (down from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. Barclays lifted their price target on shares of Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $115.00 price target on shares of Starbucks in a research note on Friday, January 24th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Starbucks presently has a consensus 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.