Davidson Trust Co. Sells 530 Shares of Starbucks Co. (NASDAQ:SBUX)

Davidson Trust Co. decreased its position in shares of Starbucks Co. (NASDAQ:SBUX) by 11.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,969 shares of the coffee company’s stock after selling 530 shares during the period. Davidson Trust Co.’s holdings in Starbucks were worth $362,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of SBUX. Kestra Investment Management LLC bought a new stake in Starbucks during the 4th quarter valued at approximately $80,000. Kornitzer Capital Management Inc. KS lifted its holdings in shares of Starbucks by 5.2% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 27,471 shares of the coffee company’s stock worth $2,507,000 after buying an additional 1,355 shares during the last quarter. Venturi Wealth Management LLC boosted its position in shares of Starbucks by 84.8% in the fourth quarter. Venturi Wealth Management LLC now owns 4,953 shares of the coffee company’s stock valued at $452,000 after acquiring an additional 2,273 shares during the period. D.A. Davidson & CO. grew its stake in shares of Starbucks by 5.0% in the fourth quarter. D.A. Davidson & CO. now owns 205,528 shares of the coffee company’s stock worth $18,755,000 after acquiring an additional 9,830 shares during the last quarter. Finally, Empower Advisory Group LLC increased its position in Starbucks by 3.0% during the fourth quarter. Empower Advisory Group LLC now owns 1,372,978 shares of the coffee company’s stock worth $125,284,000 after acquiring an additional 39,728 shares during the period. 72.29% of the stock is currently owned by institutional investors.

Insider Transactions at Starbucks

In other news, CFO Rachel Ruggeri sold 1,491 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $99.54, for a total value of $148,414.14. Following the transaction, 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.09% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SBUX. Redburn Atlantic restated a “sell” rating and issued a $77.00 price target (down from $84.00) on shares of Starbucks in a research report on Wednesday, November 13th. Bank of America decreased their target price on Starbucks from $118.00 to $117.00 and set a “buy” rating on the stock in a research report on Tuesday, October 22nd. Wedbush upped their price target on Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. UBS Group lifted their price objective on Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Finally, TD Cowen reaffirmed a “buy” rating and issued a $110.00 target price on shares of Starbucks in a research report on Monday, November 11th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $105.33.

Starbucks Stock Down 0.4 %

Shares of NASDAQ:SBUX opened at $112.55 on Tuesday. The firm has a market cap of $127.85 billion, a P/E ratio of 36.31, a P/E/G ratio of 3.52 and a beta of 1.00. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $113.47. The company’s 50-day moving average price is $98.28 and its two-hundred day moving average price is $96.14.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, beating 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 period last year, the company earned $0.90 earnings per share. As a group, equities analysts predict that Starbucks Co. will post 3 earnings per share for the current fiscal year.

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.