Exencial Wealth Advisors LLC Reduces Position in Starbucks Co. (NASDAQ:SBUX)

Exencial Wealth Advisors LLC trimmed its position in Starbucks Co. (NASDAQ:SBUX) by 14.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,551 shares of the coffee company’s stock after selling 431 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in Starbucks were worth $233,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Financial Life Planners bought a new position in shares of Starbucks during the fourth quarter valued at about $25,000. Collier Financial bought a new position in Starbucks during the 4th quarter valued at approximately $27,000. Marshall Investment Management LLC purchased a new stake in Starbucks in the 4th quarter worth approximately $30,000. Noble Wealth Management PBC bought a new stake in shares of Starbucks in the 4th quarter worth approximately $30,000. Finally, Centricity Wealth Management LLC bought a new stake in shares of Starbucks in the 4th quarter worth approximately $36,000. 72.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $115.00 price target on shares of Starbucks in a research note on Friday, January 24th. Barclays raised their target price on shares of Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. UBS Group increased their price target on shares of Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Wedbush increased their target price on Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Finally, Stifel Nicolaus increased their price target on shares of Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $105.75.

Starbucks Price Performance

NASDAQ SBUX opened at $105.47 on Friday. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $117.46. The stock has a market capitalization of $119.80 billion, a price-to-earnings ratio of 34.02, a PEG ratio of 3.59 and a beta of 0.99. The business’s fifty day moving average price is $103.82 and its 200-day moving average price is $98.94.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, topping 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 period in the previous year, the business earned $0.90 EPS. Equities research analysts anticipate that Starbucks Co. will post 2.99 EPS for the current 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.