NBT Bank N A NY Lowers Stock Holdings in Starbucks Co. (NASDAQ:SBUX)

NBT Bank N A NY reduced its stake in Starbucks Co. (NASDAQ:SBUX) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,386 shares of the coffee company’s stock after selling 114 shares during the quarter. NBT Bank N A NY’s holdings in Starbucks were worth $1,130,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. CWA Asset Management Group LLC bought a new position in Starbucks during the third quarter valued at approximately $485,000. Verdence Capital Advisors LLC grew its position in Starbucks by 6.3% during the third quarter. Verdence Capital Advisors LLC now owns 6,143 shares of the coffee company’s stock valued at $599,000 after acquiring an additional 365 shares during the last quarter. Assetmark Inc. grew its position in Starbucks by 5.8% during the third quarter. Assetmark Inc. now owns 35,347 shares of the coffee company’s stock valued at $3,446,000 after acquiring an additional 1,940 shares during the last quarter. Sigma Planning Corp grew its position in Starbucks by 5.9% during the third quarter. Sigma Planning Corp now owns 20,323 shares of the coffee company’s stock valued at $1,981,000 after acquiring an additional 1,131 shares during the last quarter. Finally, Legacy Capital Wealth Partners LLC bought a new position in Starbucks during the third quarter valued at approximately $267,000. 72.29% of the stock is owned by hedge funds and other institutional investors.

Starbucks Trading Down 5.0 %

Shares of Starbucks stock opened at $101.13 on Tuesday. The firm has a market capitalization of $114.87 billion, a P/E ratio of 32.62, a P/E/G ratio of 3.59 and a beta of 0.99. The business has a fifty day simple moving average of $104.31 and a two-hundred day simple moving average of $99.19. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $117.46.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period last year, the firm posted $0.90 earnings per share. Analysts predict that Starbucks Co. will post 2.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SBUX. Wedbush increased their price target on shares of Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Wells Fargo & Company raised their target price on shares of Starbucks from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Stifel Nicolaus raised their target price on shares of Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a report on Monday, January 27th. 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, 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. Three investment 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 stock. Based on data from MarketBeat.com, Starbucks presently has an average rating of “Moderate Buy” and a consensus target price of $105.75.

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.