Donaldson Capital Management LLC Sells 2,857 Shares of Starbucks Co. (NASDAQ:SBUX)

Donaldson Capital Management LLC cut its position in Starbucks Co. (NASDAQ:SBUX) by 13.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,685 shares of the coffee company’s stock after selling 2,857 shares during the quarter. Donaldson Capital Management LLC’s holdings in Starbucks were worth $1,705,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Financial Life Planners bought a new stake in shares of Starbucks during the 4th quarter valued at $25,000. Collier Financial acquired a new position in shares of Starbucks during the 4th quarter worth $27,000. Marshall Investment Management LLC acquired a new position in shares of Starbucks during the 4th quarter worth $30,000. Noble Wealth Management PBC acquired a new position in shares of Starbucks during the 4th quarter worth $30,000. Finally, Centricity Wealth Management LLC acquired a new position in shares of Starbucks during the 4th quarter worth $36,000. 72.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SBUX has been the subject of a number of research analyst reports. Wells Fargo & Company boosted their price target on Starbucks from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Redburn Atlantic reaffirmed a “sell” rating and issued a $77.00 target price (down previously from $84.00) on shares of Starbucks in a report on Wednesday, November 13th. UBS Group upped their target price on Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. BMO Capital Markets upped their target price on Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Finally, Stifel Nicolaus upped their target price on Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Starbucks currently has a consensus rating of “Moderate Buy” and a consensus price target of $105.75.

Starbucks Price Performance

Shares of Starbucks stock opened at $101.13 on Tuesday. Starbucks Co. has a one year low of $71.55 and a one year high of $117.46. The stock’s 50-day moving average is $104.31 and its 200 day moving average is $99.19. The firm has a market cap of $114.87 billion, a price-to-earnings ratio of 32.62, 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 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 business posted $0.90 EPS. On average, sell-side analysts expect 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.