Tucker Asset Management LLC Has $105,000 Stock Holdings in Starbucks Co. (NASDAQ:SBUX)

Tucker Asset Management LLC reduced its stake in Starbucks Co. (NASDAQ:SBUX) by 27.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,154 shares of the coffee company’s stock after selling 429 shares during the period. Tucker Asset Management LLC’s holdings in Starbucks were worth $105,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Financial Life Planners acquired a new position in Starbucks in the 4th quarter valued at about $25,000. Graney & King LLC bought a new stake in shares of Starbucks during the fourth quarter worth approximately $26,000. Collier Financial bought a new position in shares of Starbucks during the fourth quarter worth approximately $27,000. Runnymede Capital Advisors Inc. bought a new position in shares of Starbucks during the fourth quarter worth approximately $27,000. Finally, Marshall Investment Management LLC bought a new stake in Starbucks in the 4th quarter valued at $30,000. 72.29% of the stock is owned by institutional investors.

Starbucks Stock Performance

Shares of SBUX opened at $97.73 on Friday. The stock has a fifty day moving average of $105.75 and a 200-day moving average of $99.54. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $117.46. The stock has a market capitalization of $111.01 billion, a price-to-earnings ratio of 31.53, a PEG 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 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 quarter last year, the company posted $0.90 earnings per share. As a group, equities analysts forecast that Starbucks Co. will post 2.99 EPS for the current year.

Analyst Ratings Changes

Several research firms have weighed in on SBUX. Wedbush increased their price objective on Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Barclays raised their price target 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. Argus upgraded shares of Starbucks from a “hold” rating to a “buy” rating and set a $115.00 price objective for the company in a research note on Tuesday, March 18th. UBS Group increased their target price on shares of Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Finally, Wells Fargo & Company lifted their price target on shares of Starbucks from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $106.12.

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.