Tucker Asset Management LLC Has $105,000 Position in Starbucks Co. (NASDAQ:SBUX)

Tucker Asset Management LLC cut its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 27.1% during the 4th quarter, Holdings Channel reports. The fund owned 1,154 shares of the coffee company’s stock after selling 429 shares during the period. Tucker Asset Management LLC’s holdings in Starbucks were worth $105,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SBUX. Financial Life Planners acquired a new stake in shares of Starbucks in the 4th quarter valued at about $25,000. Graney & King LLC bought a new position in Starbucks in the fourth quarter worth approximately $26,000. Collier Financial acquired a new stake in Starbucks in the fourth quarter valued at approximately $27,000. Runnymede Capital Advisors Inc. bought a new stake in shares of Starbucks during the fourth quarter valued at approximately $27,000. Finally, Marshall Investment Management LLC acquired a new position in shares of Starbucks during the fourth quarter worth approximately $30,000. 72.29% of the stock is owned by institutional investors.

Starbucks Price Performance

Starbucks stock opened at $97.73 on Friday. The firm has a market capitalization of $111.01 billion, a P/E ratio of 31.53, a PEG ratio of 3.59 and a beta of 0.99. Starbucks Co. has a one year low of $71.55 and a one year high of $117.46. The business has a fifty day moving average price of $105.75 and a 200-day moving average price of $99.54.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, topping 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 company posted $0.90 earnings per share. Sell-side analysts expect that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Stifel Nicolaus lifted their price target on shares of Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Wedbush upped their target price on shares of Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Argus raised Starbucks from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a research report on Tuesday, March 18th. Wells Fargo & Company raised their price objective on Starbucks from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. Finally, Barclays raised their price target on shares of Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $106.12.

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.