Starbucks Co. (NASDAQ:SBUX) Stake Lessened by Pacifica Capital Investments LLC

Pacifica Capital Investments LLC reduced its position in Starbucks Co. (NASDAQ:SBUX) by 1.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 413,374 shares of the coffee company’s stock after selling 4,345 shares during the period. Starbucks accounts for approximately 12.1% of Pacifica Capital Investments LLC’s investment portfolio, making the stock its 4th largest holding. Pacifica Capital Investments LLC’s holdings in Starbucks were worth $37,720,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Financial Life Planners purchased a new position in Starbucks during the fourth quarter valued at $25,000. Collier Financial purchased a new position in Starbucks during the fourth quarter valued at $27,000. Runnymede Capital Advisors Inc. purchased a new position in Starbucks during the fourth quarter valued at $27,000. Marshall Investment Management LLC purchased a new position in Starbucks during the fourth quarter valued at $30,000. Finally, Noble Wealth Management PBC purchased a new position in Starbucks during the fourth quarter valued at $30,000. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Wells Fargo & Company lifted their target price on Starbucks from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. Wedbush boosted their price objective on Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Stifel Nicolaus boosted their price objective on Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Royal Bank of Canada restated an “outperform” rating and issued a $115.00 price objective on shares of Starbucks in a research report on Friday, January 24th. Finally, UBS Group boosted their price objective on Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Starbucks presently has an average rating of “Moderate Buy” and a consensus target price of $106.12.

Starbucks Price Performance

Shares of NASDAQ SBUX opened at $97.07 on Monday. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $117.46. The business’s 50 day moving average is $105.41 and its two-hundred day moving average is $99.41. The stock has a market capitalization of $110.26 billion, a P/E ratio of 31.31, a PEG ratio of 3.59 and a beta of 0.99.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (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 quarter last year, the firm earned $0.90 earnings per share. As a group, equities research analysts anticipate that Starbucks Co. will post 2.99 earnings per share 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.