Bradley Foster & Sargent Inc. CT Reduces Position in Starbucks Co. (NASDAQ:SBUX)

Bradley Foster & Sargent Inc. CT trimmed its stake in Starbucks Co. (NASDAQ:SBUX) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 167,952 shares of the coffee company’s stock after selling 2,699 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Starbucks were worth $15,326,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Foundations Investment Advisors LLC grew its holdings in shares of Starbucks by 16.9% during the 3rd 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 during the period. Private Advisor Group LLC increased its position in shares of Starbucks by 1.2% during the 3rd quarter. Private Advisor Group LLC now owns 118,946 shares of the coffee company’s stock valued at $11,596,000 after purchasing an additional 1,418 shares during the last quarter. RAM Investment Partners LLC purchased a new position in shares of Starbucks in the third quarter worth approximately $203,000. McAdam LLC grew its position in Starbucks by 4.4% during the third quarter. McAdam LLC now owns 6,085 shares of the coffee company’s stock valued at $593,000 after buying an additional 255 shares during the period. Finally, International Assets Investment Management LLC raised its position in Starbucks by 11,217.0% in the third quarter. International Assets Investment Management LLC now owns 752,355 shares of the coffee company’s stock worth $73,347,000 after acquiring an additional 745,707 shares during the period. 72.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on SBUX shares. Redburn Atlantic restated a “sell” rating and issued a $77.00 price objective (down from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. Barclays increased their price target on Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. BMO Capital Markets boosted their price objective on Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Stifel Nicolaus lifted their target price on Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $115.00 target price on shares of Starbucks in a research report on Friday, January 24th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $105.33.

Starbucks Price Performance

Shares of Starbucks stock opened at $113.34 on Friday. The business has a 50 day moving average price of $99.44 and a 200 day moving average price of $96.89. The company has a market capitalization of $128.74 billion, a P/E ratio of 36.56, a P/E/G ratio of 3.56 and a beta of 1.00. Starbucks Co. has a 1 year low of $71.55 and a 1 year high of $113.50.

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