Starbucks Co. (NASDAQ:SBUX) Shares Sold by Nichols & Pratt Advisers LLP MA

Nichols & Pratt Advisers LLP MA lowered its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 50.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,465 shares of the coffee company’s stock after selling 2,500 shares during the period. Nichols & Pratt Advisers LLP MA’s holdings in Starbucks were worth $225,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Financial Life Planners acquired a new stake in shares of Starbucks during the 4th quarter worth $25,000. Collier Financial purchased a new position in Starbucks in the 4th quarter worth approximately $27,000. Marshall Investment Management LLC acquired a new stake in Starbucks during the 4th quarter valued at $30,000. Noble Wealth Management PBC purchased a new stake in shares of Starbucks during the fourth quarter worth about $30,000. Finally, Centricity Wealth Management LLC acquired a new stake in shares of Starbucks during the fourth quarter worth approximately $36,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on SBUX shares. Stifel Nicolaus upped their price target on Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Redburn Atlantic reiterated a “sell” rating and issued a $77.00 target price (down previously from $84.00) on shares of Starbucks in a research report on Wednesday, November 13th. Royal Bank of Canada restated an “outperform” rating and issued a $115.00 price objective on shares of Starbucks in a report on Friday, January 24th. TD Cowen reaffirmed a “buy” rating and issued a $110.00 price target on shares of Starbucks in a report on Monday, November 11th. Finally, Wedbush raised their target price on shares of Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.75.

Starbucks Stock Performance

NASDAQ SBUX opened at $115.81 on Friday. The company has a fifty day moving average of $102.11 and a 200-day moving average of $98.49. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $116.09. The company has a market capitalization of $131.55 billion, a P/E ratio of 37.36, a P/E/G ratio of 3.59 and a beta of 1.00.

Starbucks (NASDAQ:SBUX) last posted its 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 in the previous year, the firm earned $0.90 EPS. As a group, analysts forecast that Starbucks Co. will post 2.99 EPS for the current fiscal 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.