Starbucks Co. (NASDAQ:SBUX) Shares Sold by Dorsey & Whitney Trust CO LLC

Dorsey & Whitney Trust CO LLC decreased its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 7.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,401 shares of the coffee company’s stock after selling 1,381 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Starbucks were worth $1,588,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in SBUX. Robeco Institutional Asset Management B.V. boosted its stake in shares of Starbucks by 6.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 45,446 shares of the coffee company’s stock worth $4,431,000 after buying an additional 2,590 shares during the period. Cozad Asset Management Inc. acquired a new stake in shares of Starbucks during the third quarter worth about $241,000. Kornitzer Capital Management Inc. KS raised its holdings in Starbucks by 4.0% during the third quarter. Kornitzer Capital Management Inc. KS now owns 26,116 shares of the coffee company’s stock worth $2,546,000 after purchasing an additional 994 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in Starbucks during the third quarter worth about $71,000. Finally, Fiera Capital Corp raised its holdings in Starbucks by 13.8% during the third quarter. Fiera Capital Corp now owns 50,753 shares of the coffee company’s stock worth $4,948,000 after purchasing an additional 6,163 shares in the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Analyst Upgrades and Downgrades

SBUX has been the subject of several analyst reports. 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 report on Monday, January 27th. TD Cowen reissued a “buy” rating and set a $110.00 price target on shares of Starbucks in a report on Monday, November 11th. 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 report on Wednesday, January 29th. Wells Fargo & Company increased their price target on shares of Starbucks from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Finally, Barclays increased their target price on shares of Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $105.75.

Starbucks Stock Performance

Shares of NASDAQ SBUX opened at $106.48 on Friday. Starbucks Co. has a 1 year low of $71.55 and a 1 year high of $117.46. The firm’s 50 day moving average price is $104.10 and its 200 day moving average price is $99.08. The firm has a market cap of $120.95 billion, a P/E ratio of 34.35, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99.

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 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 company earned $0.90 EPS. As a group, equities analysts predict that Starbucks Co. will post 2.99 EPS for the current 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.