WR Wealth Planners LLC Sells 210 Shares of Starbucks Co. (NASDAQ:SBUX)

WR Wealth Planners LLC cut its position in Starbucks Co. (NASDAQ:SBUX) by 26.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 596 shares of the coffee company’s stock after selling 210 shares during the quarter. WR Wealth Planners LLC’s holdings in Starbucks were worth $54,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pallas Capital Advisors LLC purchased a new stake in Starbucks during the 3rd quarter valued at about $235,000. Strategic Blueprint LLC bought a new position in shares of Starbucks in the 3rd quarter worth approximately $209,000. Rice Hall James & Associates LLC bought a new position in shares of Starbucks in the 3rd quarter worth approximately $241,000. Stephens Inc. AR grew its stake in shares of Starbucks by 7.2% in the 3rd quarter. Stephens Inc. AR now owns 68,646 shares of the coffee company’s stock worth $6,692,000 after buying an additional 4,607 shares during the last quarter. Finally, Campbell Wealth Management purchased a new stake in shares of Starbucks in the 3rd quarter worth approximately $234,000. 72.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SBUX has been the topic of several recent analyst reports. Redburn Atlantic reiterated a “sell” rating and set a $77.00 target price (down from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. Stifel Nicolaus raised their target price on Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a report on Monday, January 27th. BMO Capital Markets raised their price target on Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. UBS Group lifted their target price on Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $115.00 price target on shares of Starbucks in a research report 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, Starbucks has a consensus rating of “Moderate Buy” and a consensus target price of $105.75.

Starbucks Stock Up 1.2 %

NASDAQ:SBUX opened at $115.81 on Friday. The company has a market cap of $131.55 billion, a P/E ratio of 37.36, a P/E/G ratio of 3.59 and a beta of 1.00. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $116.09. The firm’s 50 day moving average is $102.11 and its two-hundred day moving average is $98.51.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates 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 last year, the business posted $0.90 earnings per share. Research analysts forecast that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

About Starbucks

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.