Starbucks Co. (NASDAQ:SBUX) Shares Sold by Wayfinding Financial LLC

Wayfinding Financial LLC cut its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 2.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,380 shares of the coffee company’s stock after selling 448 shares during the period. Starbucks comprises about 1.1% of Wayfinding Financial LLC’s investment portfolio, making the stock its 22nd biggest holding. Wayfinding Financial LLC’s holdings in Starbucks were worth $2,042,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SBUX. Financial Life Planners bought a new stake in shares of Starbucks in the 4th quarter worth about $25,000. Collier Financial acquired a new stake in Starbucks in the fourth quarter worth $27,000. Marshall Investment Management LLC bought a new stake in shares of Starbucks during the fourth quarter valued at approximately $30,000. Noble Wealth Management PBC bought a new position in Starbucks in the 4th quarter valued at about $30,000. Finally, Centricity Wealth Management LLC acquired a new position in shares of Starbucks during the 4th quarter valued at $36,000. 72.29% of the stock is owned by hedge funds and other institutional investors.

Starbucks Price Performance

Shares of Starbucks stock opened at $99.28 on Friday. Starbucks Co. has a 1 year low of $71.55 and a 1 year high of $117.46. The company has a market capitalization of $112.77 billion, a price-to-earnings ratio of 32.03, a P/E/G ratio of 3.59 and a beta of 0.99. The business has a fifty day simple moving average of $105.31 and a two-hundred day simple moving average of $99.30.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 earnings per share 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 quarter in the previous year, the business posted $0.90 EPS. As a group, equities analysts anticipate that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on SBUX. Stifel Nicolaus boosted their price objective on Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a report on Monday, January 27th. BMO Capital Markets increased their price objective on Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Wedbush raised their price objective on Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Wells Fargo & Company upped their price objective on shares of Starbucks from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. Finally, Barclays lifted their price target on shares of Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $106.12.

Starbucks Company 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.