Starbucks Co. (NASDAQ:SBUX) Shares Sold by Lakeside Advisors INC.

Lakeside Advisors INC. decreased its position in Starbucks Co. (NASDAQ:SBUX) by 10.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,546 shares of the coffee company’s stock after selling 2,993 shares during the quarter. Starbucks comprises approximately 1.5% of Lakeside Advisors INC.’s holdings, making the stock its 16th largest position. Lakeside Advisors INC.’s holdings in Starbucks were worth $2,331,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Financial Life Planners acquired a new stake in Starbucks in the 4th quarter valued at about $25,000. Collier Financial bought a new stake in shares of Starbucks in the 4th quarter worth approximately $27,000. DT Investment Partners LLC lifted its stake in Starbucks by 39.4% during the third quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock valued at $42,000 after purchasing an additional 121 shares during the last quarter. Morton Brown Family Wealth LLC lifted its stake in Starbucks by 43.9% during the fourth quarter. Morton Brown Family Wealth LLC now owns 505 shares of the coffee company’s stock valued at $46,000 after purchasing an additional 154 shares during the last quarter. Finally, FSA Wealth Management LLC bought a new stake in Starbucks during the third quarter worth approximately $49,000. Institutional investors own 72.29% of the company’s stock.

Starbucks Price Performance

SBUX opened at $113.34 on Friday. The company has a market capitalization of $128.74 billion, a PE ratio of 36.56, a price-to-earnings-growth ratio of 3.56 and a beta of 1.00. The business has a 50-day moving average of $99.44 and a 200-day moving average of $96.89. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $113.50.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, beating the consensus estimate 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 firm earned $0.90 EPS. On average, equities research analysts expect that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports on SBUX. Redburn Atlantic reaffirmed a “sell” rating and issued a $77.00 price target (down previously from $84.00) on shares of Starbucks in a report on Wednesday, November 13th. UBS Group boosted their target price on Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Wells Fargo & Company increased their price target on Starbucks from $110.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, November 26th. TD Cowen restated a “buy” rating and set a $110.00 price objective on shares of Starbucks in a report on Monday, November 11th. Finally, BMO Capital Markets upped their price objective 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. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $105.33.

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.