Long Road Investment Counsel LLC Sells 200 Shares of Starbucks Co. (NASDAQ:SBUX)

Long Road Investment Counsel LLC cut its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 0.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 66,570 shares of the coffee company’s stock after selling 200 shares during the period. Starbucks comprises about 2.5% of Long Road Investment Counsel LLC’s holdings, making the stock its 13th largest position. Long Road Investment Counsel LLC’s holdings in Starbucks were worth $6,075,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of SBUX. Empowered Funds LLC increased its holdings in Starbucks by 14.2% in the 3rd quarter. Empowered Funds LLC now owns 39,941 shares of the coffee company’s stock worth $3,894,000 after buying an additional 4,966 shares in the last quarter. Accredited Investors Inc. bought a new stake in Starbucks in the 3rd quarter worth about $219,000. Tower Bridge Advisors increased its holdings in Starbucks by 43.7% in the 3rd quarter. Tower Bridge Advisors now owns 5,391 shares of the coffee company’s stock worth $526,000 after buying an additional 1,640 shares in the last quarter. TrinityPoint Wealth LLC increased its holdings in Starbucks by 8.4% in the 3rd quarter. TrinityPoint Wealth LLC now owns 3,332 shares of the coffee company’s stock worth $325,000 after buying an additional 258 shares in the last quarter. Finally, Aljian Capital Management LLC increased its holdings in Starbucks by 48.5% in the 3rd quarter. Aljian Capital Management LLC now owns 30,422 shares of the coffee company’s stock worth $2,966,000 after buying an additional 9,936 shares in the last quarter. 72.29% of the stock is currently owned by institutional investors.

Starbucks Trading Up 1.0 %

NASDAQ SBUX opened at $99.08 on Tuesday. The stock’s 50 day moving average is $104.94 and its 200 day moving average is $99.28. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $117.46. The stock has a market cap of $112.54 billion, a PE ratio of 31.96, a P/E/G ratio of 3.59 and a beta of 0.99.

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

Wall Street Analyst Weigh In

Several research firms recently commented on SBUX. Barclays lifted their price objective on Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Stifel Nicolaus lifted their price objective on Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a report on Monday, January 27th. UBS Group boosted their price target on Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. BMO Capital Markets boosted their price target on Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Finally, Wells Fargo & Company boosted their price target on Starbucks from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. Three analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $105.75.

About Starbucks

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.