Exencial Wealth Advisors LLC Trims Stock Holdings in Starbucks Co. (NASDAQ:SBUX)

Exencial Wealth Advisors LLC reduced its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 14.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,551 shares of the coffee company’s stock after selling 431 shares during the period. Exencial Wealth Advisors LLC’s holdings in Starbucks were worth $233,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Commerzbank Aktiengesellschaft FI lifted its holdings in Starbucks by 6.3% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 46,154 shares of the coffee company’s stock valued at $4,212,000 after purchasing an additional 2,749 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of Starbucks by 1.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 132,551 shares of the coffee company’s stock worth $12,095,000 after buying an additional 1,763 shares in the last quarter. Wernau Asset Management Inc. purchased a new position in shares of Starbucks in the fourth quarter worth $258,000. Keystone Wealth Services LLC boosted its holdings in shares of Starbucks by 58.3% during the 4th quarter. Keystone Wealth Services LLC now owns 16,069 shares of the coffee company’s stock valued at $1,466,000 after purchasing an additional 5,918 shares during the last quarter. Finally, Grandfield & Dodd LLC boosted its stake in Starbucks by 30.3% during the fourth quarter. Grandfield & Dodd LLC now owns 59,297 shares of the coffee company’s stock valued at $5,411,000 after buying an additional 13,796 shares during the last quarter. 72.29% of the stock is currently owned by institutional investors.

Starbucks Stock Down 5.6 %

Shares of NASDAQ:SBUX opened at $105.47 on Friday. The business’s 50 day moving average is $103.82 and its 200 day moving average is $98.94. The stock has a market cap of $119.80 billion, a P/E ratio of 34.02, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $117.46.

Starbucks (NASDAQ:SBUX) last announced its quarterly 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 quarter last year, the company earned $0.90 EPS. On average, sell-side analysts anticipate that Starbucks Co. will post 2.99 EPS for the current fiscal year.

Analyst Ratings Changes

SBUX has been the topic of a number of recent research reports. Redburn Atlantic reaffirmed a “sell” rating and set 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 increased their price target on shares of Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Stifel Nicolaus boosted their price objective on Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. UBS Group raised their price objective on Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Finally, Barclays boosted their target price on Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $105.75.

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.