Kennon Green & Company LLC Sells 188 Shares of Starbucks Co. (NASDAQ:SBUX)

Kennon Green & Company LLC reduced its stake in Starbucks Co. (NASDAQ:SBUX) by 0.7% during the 4th quarter, Holdings Channel reports. The fund owned 27,165 shares of the coffee company’s stock after selling 188 shares during the period. Starbucks makes up about 2.1% of Kennon Green & Company LLC’s investment portfolio, making the stock its 17th largest position. Kennon Green & Company LLC’s holdings in Starbucks were worth $2,479,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Financial Life Planners bought a new position in Starbucks in the 4th quarter valued at about $25,000. Collier Financial bought a new position in Starbucks in the 4th quarter valued at about $27,000. Centricity Wealth Management LLC bought a new position in Starbucks in the 4th quarter valued at about $36,000. DT Investment Partners LLC raised its holdings in Starbucks by 39.4% in the 3rd quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock valued at $42,000 after acquiring an additional 121 shares during the period. Finally, Morton Brown Family Wealth LLC raised its holdings in Starbucks by 43.9% in the 4th quarter. Morton Brown Family Wealth LLC now owns 505 shares of the coffee company’s stock valued at $46,000 after acquiring an additional 154 shares during the period. 72.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

SBUX has been the topic of several recent research reports. UBS Group raised their target price on shares of Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. BMO Capital Markets raised their target price on shares of Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Wells Fargo & Company raised their target price on shares of Starbucks from $110.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. Barclays raised their target price on shares of Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $115.00 target price on shares of Starbucks in a report on Friday, January 24th. Three analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Starbucks has an average rating of “Moderate Buy” and a consensus target price of $105.33.

Starbucks Price Performance

Shares of Starbucks stock opened at $111.75 on Friday. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $114.68. The firm has a market capitalization of $126.94 billion, a P/E ratio of 36.05, a P/E/G ratio of 3.59 and a beta of 1.00. The company’s 50 day moving average price is $99.72 and its two-hundred day moving average price is $97.15.

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

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.