Starbucks Co. (NASDAQ:SBUX) Shares Sold by V Square Quantitative Management LLC

V Square Quantitative Management LLC lessened its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 4.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,209 shares of the coffee company’s stock after selling 96 shares during the quarter. V Square Quantitative Management LLC’s holdings in Starbucks were worth $202,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Financial Life Planners bought a new stake in shares of Starbucks in the 4th quarter worth $25,000. Collier Financial bought a new stake in shares of Starbucks in the 4th quarter worth $27,000. DT Investment Partners LLC raised its stake in shares of Starbucks by 39.4% in the 3rd quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock worth $42,000 after buying an additional 121 shares in the last quarter. FSA Wealth Management LLC acquired a new stake in shares of Starbucks during the third quarter worth $49,000. Finally, Hager Investment Management Services LLC acquired a new stake in shares of Starbucks during the fourth quarter worth $56,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SBUX shares. Citigroup boosted their target price on Starbucks from $96.00 to $99.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Wedbush boosted their target price on Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. BMO Capital Markets boosted their target price on Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and set a $115.00 price target on shares of Starbucks in a research note on Friday, January 24th. Finally, Stifel Nicolaus boosted their price objective on Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $105.33.

Insider Activity

In related news, CFO Rachel Ruggeri sold 1,491 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $99.54, for a total transaction of $148,414.14. Following the sale, the chief financial officer now owns 80,124 shares of the company’s stock, valued at approximately $7,975,542.96. This trade represents a 1.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.09% of the stock is currently owned by company insiders.

Starbucks Stock Performance

Shares of SBUX opened at $112.55 on Tuesday. The firm has a market capitalization of $127.85 billion, a price-to-earnings ratio of 36.31, a PEG ratio of 3.52 and a beta of 1.00. The business’s fifty day moving average price is $98.28 and its two-hundred day moving average price is $96.14. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $113.47.

Starbucks (NASDAQ:SBUX) last announced 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 period last year, the business posted $0.90 EPS. As a group, research analysts forecast that Starbucks Co. will post 3 EPS for the current year.

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.