BKM Wealth Management LLC Has $997,000 Stake in Starbucks Co. (NASDAQ:SBUX)

BKM Wealth Management LLC trimmed its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 3.8% during the fourth quarter, HoldingsChannel reports. The fund owned 10,926 shares of the coffee company’s stock after selling 433 shares during the period. BKM Wealth Management LLC’s holdings in Starbucks were worth $997,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in SBUX. Financial Life Planners acquired a new stake in shares of Starbucks during the fourth quarter worth $25,000. Collier Financial acquired a new stake in shares of Starbucks during the fourth quarter worth $27,000. DT Investment Partners LLC raised its holdings in shares of Starbucks by 39.4% during the third quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock worth $42,000 after acquiring an additional 121 shares during the period. FSA Wealth Management LLC acquired a new stake in Starbucks in the 3rd quarter valued at $49,000. Finally, Hager Investment Management Services LLC acquired a new stake in Starbucks in the 4th quarter valued at $56,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Starbucks Stock Performance

Shares of SBUX stock opened at $112.55 on Tuesday. The company has a market capitalization of $127.85 billion, a price-to-earnings ratio of 36.31, a PEG ratio of 3.52 and a beta of 1.00. The company has a 50-day simple moving average of $98.28 and a 200 day simple moving average of $96.14. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $113.47.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, topping 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 in the prior year, the business posted $0.90 earnings per share. Sell-side analysts forecast that Starbucks Co. will post 3 EPS for the current year.

Wall Street Analyst Weigh In

SBUX has been the topic of several recent research reports. Citigroup lifted their price target on shares of Starbucks from $96.00 to $99.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Wedbush lifted their price target on shares of Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Redburn Atlantic reiterated a “sell” rating and issued a $77.00 price target (down from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. Bank of America lowered their price target on shares of Starbucks from $118.00 to $117.00 and set a “buy” rating on the stock in a research note on Tuesday, October 22nd. Finally, BMO Capital Markets lifted their price target 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 issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Starbucks currently has an average rating of “Moderate Buy” and a consensus price target of $105.33.

Insider Buying and Selling at Starbucks

In other Starbucks news, CFO Rachel Ruggeri sold 1,491 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $99.54, for a total value of $148,414.14. Following the completion of the sale, the chief financial officer now owns 80,124 shares of the company’s stock, valued at $7,975,542.96. The trade was a 1.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.09% of the company’s stock.

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.