B. Metzler seel. Sohn & Co. AG Decreases Position in Starbucks Co. (NASDAQ:SBUX)

B. Metzler seel. Sohn & Co. AG trimmed its position in Starbucks Co. (NASDAQ:SBUX) by 8.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 63,741 shares of the coffee company’s stock after selling 5,653 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Starbucks were worth $5,816,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Financial Life Planners acquired a new stake in shares of Starbucks in the fourth quarter worth approximately $25,000. Graney & King LLC purchased a new position in Starbucks in the 4th quarter valued at $26,000. Collier Financial acquired a new stake in Starbucks during the 4th quarter worth $27,000. Runnymede Capital Advisors Inc. purchased a new stake in shares of Starbucks during the fourth quarter worth $27,000. Finally, Marshall Investment Management LLC acquired a new stake in shares of Starbucks in the fourth quarter valued at about $30,000. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Starbucks Stock Up 0.4 %

NASDAQ:SBUX opened at $98.09 on Tuesday. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $117.46. The company has a fifty day simple moving average of $105.81 and a two-hundred day simple moving average of $99.54. The company has a market cap of $111.42 billion, a price-to-earnings ratio of 31.64, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99.

Starbucks (NASDAQ:SBUX) last released 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 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 earnings per share. On average, analysts expect that Starbucks Co. will post 2.99 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SBUX. BMO Capital Markets upped their price objective 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. Wedbush upped their price target on Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and set a $115.00 price objective on shares of Starbucks in a research report on Friday, January 24th. UBS Group upped their target price on Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Finally, Stifel Nicolaus boosted their target price on shares of Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a report on Monday, January 27th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $106.12.

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.