US Bancorp DE Reduces Holdings in Starbucks Co. (NASDAQ:SBUX)

US Bancorp DE lowered its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 5.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 934,466 shares of the coffee company’s stock after selling 52,038 shares during the quarter. US Bancorp DE owned about 0.08% of Starbucks worth $85,271,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Financial Life Planners bought a new position in shares of Starbucks in the 4th quarter worth approximately $25,000. Collier Financial purchased a new stake in Starbucks in the fourth quarter worth $27,000. Marshall Investment Management LLC purchased a new stake in Starbucks in the fourth quarter worth $30,000. Centricity Wealth Management LLC bought a new position in Starbucks in the fourth quarter worth $36,000. Finally, Morton Brown Family Wealth LLC lifted its position in Starbucks by 43.9% during the fourth quarter. Morton Brown Family Wealth LLC now owns 505 shares of the coffee company’s stock valued at $46,000 after buying an additional 154 shares during the period. 72.29% of the stock is owned by institutional investors.

Starbucks Trading Up 1.2 %

NASDAQ:SBUX opened at $115.81 on Friday. The company has a 50 day simple moving average of $102.11 and a two-hundred day simple moving average of $98.51. 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.

Starbucks (NASDAQ:SBUX) last posted 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 quarter in the previous year, the firm earned $0.90 earnings per share. Research analysts forecast that Starbucks Co. will post 2.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SBUX. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $115.00 target price on shares of Starbucks in a research report on Friday, January 24th. Stifel Nicolaus upped their price objective on shares of Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Wedbush lifted their target price on shares of Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Barclays upped their price target on Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Finally, 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. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to 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.