Starbucks Co. (NASDAQ:SBUX) Shares Sold by WoodTrust Financial Corp

WoodTrust Financial Corp trimmed its position in shares of Starbucks Co. (NASDAQ:SBUX) by 2.6% during the fourth quarter, Holdings Channel reports. The firm owned 72,477 shares of the coffee company’s stock after selling 1,917 shares during the quarter. WoodTrust Financial Corp’s holdings in Starbucks were worth $6,613,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Souders Financial Advisors lifted its stake in Starbucks by 18.0% during the 4th quarter. Souders Financial Advisors now owns 2,955 shares of the coffee company’s stock worth $270,000 after acquiring an additional 450 shares in the last quarter. Snider Financial Group purchased a new stake in Starbucks during the fourth quarter worth about $1,111,000. Laffer Tengler Investments Inc. lifted its position in shares of Starbucks by 21.0% during the fourth quarter. Laffer Tengler Investments Inc. now owns 69,902 shares of the coffee company’s stock worth $6,379,000 after purchasing an additional 12,148 shares in the last quarter. Carrera Capital Advisors boosted its stake in shares of Starbucks by 3.2% in the fourth quarter. Carrera Capital Advisors now owns 6,522 shares of the coffee company’s stock valued at $595,000 after purchasing an additional 204 shares during the period. Finally, Keybank National Association OH grew its holdings in shares of Starbucks by 9.5% in the fourth quarter. Keybank National Association OH now owns 273,228 shares of the coffee company’s stock valued at $24,932,000 after purchasing an additional 23,714 shares in the last quarter. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Starbucks Stock Down 2.9 %

NASDAQ:SBUX opened at $112.06 on Wednesday. The company has a market capitalization of $127.29 billion, a PE ratio of 36.15, a P/E/G ratio of 3.59 and a beta of 1.00. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $117.46. The stock’s 50 day moving average price is $103.11 and its 200 day moving average price is $98.80.

Starbucks (NASDAQ:SBUX) last announced its earnings results 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 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. As a group, sell-side analysts anticipate that Starbucks Co. will post 2.99 EPS for the current fiscal year.

Analysts Set New Price Targets

SBUX has been the topic of a number of research reports. TD Cowen reiterated a “buy” rating and set a $110.00 target price on shares of Starbucks in a report on Monday, November 11th. Stifel Nicolaus increased 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. Wells Fargo & Company boosted their target price on Starbucks from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. Barclays increased their price target on Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Finally, 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 report on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $105.75.

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.