Starbucks Co. (NASDAQ:SBUX) Shares Sold by Tradewinds LLC.

Tradewinds LLC. lowered its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 2.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,151 shares of the coffee company’s stock after selling 184 shares during the period. Tradewinds LLC.’s holdings in Starbucks were worth $561,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of SBUX. Financial Life Planners purchased a new position in shares of Starbucks during the fourth quarter worth about $25,000. Graney & King LLC acquired a new stake in Starbucks during the 4th quarter worth approximately $26,000. Collier Financial purchased a new position in shares of Starbucks in the 4th quarter valued at approximately $27,000. Runnymede Capital Advisors Inc. acquired a new position in shares of Starbucks in the fourth quarter valued at approximately $27,000. Finally, Marshall Investment Management LLC purchased a new stake in shares of Starbucks during the fourth quarter worth approximately $30,000. 72.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on SBUX. Barclays lifted 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. BMO Capital Markets increased their price target on shares of Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Wells Fargo & Company lifted their price objective on Starbucks from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. Stifel Nicolaus increased their target price on Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Finally, Argus upgraded Starbucks from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a research note on Tuesday, March 18th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $106.12.

Starbucks Stock Performance

SBUX stock opened at $98.09 on Tuesday. The company has a 50 day moving average price of $105.81 and a two-hundred day moving average price of $99.54. The stock has a market capitalization of $111.42 billion, a P/E ratio of 31.64, a PEG ratio of 3.59 and a beta of 0.99. Starbucks Co. has a one year low of $71.55 and a one year 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 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 prior year, the company earned $0.90 earnings per share. Research analysts forecast that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

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.