Tredje AP fonden Sells 125,311 Shares of Starbucks Co. (NASDAQ:SBUX)

Tredje AP fonden lowered its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 31.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 278,843 shares of the coffee company’s stock after selling 125,311 shares during the period. Tredje AP fonden’s holdings in Starbucks were worth $25,444,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in SBUX. Liberty Wealth Management LLC raised its stake in Starbucks by 2.8% in the 4th quarter. Liberty Wealth Management LLC now owns 4,131 shares of the coffee company’s stock valued at $377,000 after acquiring an additional 114 shares during the period. Hopwood Financial Services Inc. bought a new stake in Starbucks in the 4th quarter valued at $283,000. Farther Finance Advisors LLC raised its stake in Starbucks by 10.0% in the 4th quarter. Farther Finance Advisors LLC now owns 41,127 shares of the coffee company’s stock valued at $3,753,000 after acquiring an additional 3,729 shares during the period. HighTower Advisors LLC raised its stake in Starbucks by 15.9% in the 4th quarter. HighTower Advisors LLC now owns 1,789,507 shares of the coffee company’s stock valued at $163,293,000 after acquiring an additional 245,922 shares during the period. Finally, Bender Robert & Associates raised its stake in Starbucks by 2.7% in the 4th quarter. Bender Robert & Associates now owns 44,406 shares of the coffee company’s stock valued at $4,052,000 after acquiring an additional 1,155 shares during the period. Institutional investors own 72.29% of the company’s stock.

Starbucks Trading Down 0.9 %

Starbucks stock opened at $98.69 on Thursday. The company has a market capitalization of $112.10 billion, a PE ratio of 31.84, a P/E/G ratio of 3.59 and a beta of 0.99. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $117.46. The stock has a 50-day moving average price of $104.63 and a two-hundred day moving average price of $99.22.

Starbucks (NASDAQ:SBUX) last posted its earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, beating 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 prior year, the firm earned $0.90 earnings per share. As a group, analysts predict that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SBUX. Barclays increased their price target on Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Redburn Atlantic restated a “sell” rating and issued a $77.00 price target (down previously from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. BMO Capital Markets upped their price objective on Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. UBS Group upped their price objective 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 upped their price objective on Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a report on Monday, January 27th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $105.75.

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.