Starbucks Co. (NASDAQ:SBUX) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems reduced its holdings in Starbucks Co. (NASDAQ:SBUX) by 1.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 77,872 shares of the coffee company’s stock after selling 1,073 shares during the quarter. Kentucky Retirement Systems’ holdings in Starbucks were worth $7,106,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in SBUX. Financial Life Planners acquired a new position in shares of Starbucks during the fourth quarter valued at $25,000. Collier Financial bought a new position in Starbucks in the 4th quarter valued at about $27,000. DT Investment Partners LLC increased its stake in Starbucks by 39.4% during the 3rd quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock valued at $42,000 after buying an additional 121 shares during the period. Morton Brown Family Wealth LLC raised its position in shares of Starbucks by 43.9% during the 4th quarter. Morton Brown Family Wealth LLC now owns 505 shares of the coffee company’s stock worth $46,000 after buying an additional 154 shares in the last quarter. Finally, FSA Wealth Management LLC acquired a new stake in shares of Starbucks in the 3rd quarter worth approximately $49,000. Institutional investors own 72.29% of the company’s stock.

Starbucks Price Performance

Shares of SBUX opened at $113.34 on Friday. The business’s 50-day moving average is $99.44 and its 200-day moving average is $96.89. The company has a market capitalization of $128.74 billion, a price-to-earnings ratio of 36.56, a P/E/G ratio of 3.56 and a beta of 1.00. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $113.50.

Starbucks (NASDAQ:SBUX) last released 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 period last year, the firm posted $0.90 EPS. Equities research analysts expect that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on SBUX shares. Redburn Atlantic reiterated a “sell” rating and set a $77.00 price objective (down previously from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. Stifel Nicolaus lifted their price target on Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a research report on Monday, January 27th. UBS Group boosted their price objective on Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Barclays raised their target price on Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Finally, Citigroup boosted their price target on shares of Starbucks from $96.00 to $99.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Three research analysts have rated the stock with a sell rating, six have given 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, the company has an average rating of “Moderate Buy” and an average target price of $105.33.

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.