NS Partners Ltd Lowers Stock Position in Starbucks Co. (NASDAQ:SBUX)

NS Partners Ltd cut its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 5.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 205,805 shares of the coffee company’s stock after selling 11,980 shares during the period. NS Partners Ltd’s holdings in Starbucks were worth $18,780,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Financial Life Planners purchased a new stake in Starbucks during the 4th quarter worth $25,000. Collier Financial purchased a new stake in Starbucks during the 4th quarter worth $27,000. Marshall Investment Management LLC purchased a new stake in Starbucks during the 4th quarter worth $30,000. Noble Wealth Management PBC purchased a new stake in Starbucks during the 4th quarter worth $30,000. Finally, Centricity Wealth Management LLC purchased a new stake in Starbucks during the 4th quarter worth $36,000. 72.29% of the stock is owned by hedge funds and other institutional investors.

Starbucks Price Performance

Shares of SBUX stock opened at $106.48 on Friday. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $117.46. The stock’s 50-day moving average is $104.10 and its two-hundred day moving average is $99.04. The firm has a market cap of $120.95 billion, a P/E ratio of 34.35, a PEG ratio of 3.59 and a beta of 0.99.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share 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 last year, the company posted $0.90 EPS. As a group, research analysts expect that Starbucks Co. will post 2.99 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SBUX. UBS Group upped their price objective on shares of Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. BMO Capital Markets upped their target price on shares of Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Wells Fargo & Company increased their price objective on shares of Starbucks from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. 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. Finally, Stifel Nicolaus upped their target price on shares of Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $105.75.

Starbucks Company 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.