Starbucks Co. (NASDAQ:SBUX) Shares Sold by Fagan Associates Inc.

Fagan Associates Inc. decreased its holdings in Starbucks Co. (NASDAQ:SBUX) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,527 shares of the coffee company’s stock after selling 369 shares during the quarter. Fagan Associates Inc.’s holdings in Starbucks were worth $1,964,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of SBUX. OLD National Bancorp IN lifted its stake in shares of Starbucks by 12.7% in the third quarter. OLD National Bancorp IN now owns 15,344 shares of the coffee company’s stock worth $1,496,000 after acquiring an additional 1,725 shares in the last quarter. Vest Financial LLC acquired a new position in shares of Starbucks in the third quarter worth about $720,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Starbucks by 40.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 496,951 shares of the coffee company’s stock worth $48,448,000 after acquiring an additional 143,258 shares in the last quarter. Foundations Investment Advisors LLC lifted its stake in shares of Starbucks by 16.9% in the third quarter. Foundations Investment Advisors LLC now owns 23,028 shares of the coffee company’s stock worth $2,245,000 after acquiring an additional 3,330 shares in the last quarter. Finally, Oakworth Capital Inc. lifted its stake in shares of Starbucks by 11.0% in the third quarter. Oakworth Capital Inc. now owns 4,330 shares of the coffee company’s stock worth $422,000 after acquiring an additional 428 shares in the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on SBUX. UBS Group boosted their price target on Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Redburn Atlantic restated 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. Royal Bank of Canada restated an “outperform” rating and set a $115.00 price objective on shares of Starbucks in a research note on Friday, January 24th. Citigroup upped their price objective on Starbucks from $96.00 to $99.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, Stifel Nicolaus upped their price objective on Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a research note on Monday, January 27th. 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 an average rating of “Moderate Buy” and a consensus price target of $105.33.

Starbucks Price Performance

Shares of SBUX stock opened at $113.03 on Wednesday. Starbucks Co. has a 12-month low of $71.55 and a 12-month high of $113.47. The firm has a market capitalization of $128.39 billion, a price-to-earnings ratio of 36.46, a price-to-earnings-growth ratio of 3.55 and a beta of 1.00. The business has a 50 day simple moving average of $98.85 and a 200 day simple moving average of $96.66.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data 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 negative return on equity of 44.97% and a net margin of 9.73%. During the same period last year, the business posted $0.90 earnings per share. On average, equities analysts anticipate that Starbucks Co. will post 3 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Rachel Ruggeri sold 1,491 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $99.54, for a total value of $148,414.14. Following the completion of the transaction, the chief financial officer now directly owns 80,124 shares of the company’s stock, valued at $7,975,542.96. This represents a 1.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.09% of the company’s stock.

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.