Starbucks Co. (NASDAQ:SBUX) Shares Sold by ORBA Wealth Advisors L.L.C.

ORBA Wealth Advisors L.L.C. cut its stake in Starbucks Co. (NASDAQ:SBUX) by 18.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,418 shares of the coffee company’s stock after selling 549 shares during the quarter. ORBA Wealth Advisors L.L.C.’s holdings in Starbucks were worth $221,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Strategic Financial Concepts LLC purchased a new position in shares of Starbucks during the 4th quarter valued at approximately $62,000. Weil Company Inc. raised its position in Starbucks by 31.2% during the third quarter. Weil Company Inc. now owns 34,580 shares of the coffee company’s stock worth $3,371,000 after acquiring an additional 8,222 shares during the period. Maia Wealth LLC lifted its holdings in Starbucks by 69.1% during the third quarter. Maia Wealth LLC now owns 18,582 shares of the coffee company’s stock valued at $1,805,000 after purchasing an additional 7,596 shares in the last quarter. Investment Management Corp of Ontario grew its position in shares of Starbucks by 48.6% in the third quarter. Investment Management Corp of Ontario now owns 37,584 shares of the coffee company’s stock valued at $3,664,000 after purchasing an additional 12,300 shares during the period. Finally, Aljian Capital Management LLC increased its stake in shares of Starbucks by 48.5% during the third quarter. Aljian Capital Management LLC now owns 30,422 shares of the coffee company’s stock worth $2,966,000 after purchasing an additional 9,936 shares in the last quarter. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Analyst Upgrades and Downgrades

SBUX has been the subject of several research reports. Citigroup boosted their price objective on Starbucks from $96.00 to $99.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Wedbush increased their price objective on Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. TD Cowen reissued a “buy” rating and issued a $110.00 target price on shares of Starbucks in a research note on Monday, November 11th. Barclays upped their price objective on shares of Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Finally, Stifel Nicolaus raised their target price on Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Three equities research 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. Based on data from MarketBeat, Starbucks currently has a consensus rating of “Moderate Buy” and an average price target of $105.75.

Starbucks Trading Up 1.2 %

SBUX stock opened at $114.59 on Wednesday. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $115.24. The firm has a market cap of $130.16 billion, a PE ratio of 36.96, a P/E/G ratio of 3.59 and a beta of 1.00. The business’s 50-day moving average price is $100.58 and its two-hundred day moving average price is $98.00.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 earnings per share 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 previous year, the business posted $0.90 earnings per share. On average, analysts forecast that Starbucks Co. will post 2.99 earnings per share for the current year.

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.