Heritage Wealth Advisors Has $633,000 Stock Holdings in Starbucks Co. (NASDAQ:SBUX)

Heritage Wealth Advisors reduced its position in Starbucks Co. (NASDAQ:SBUX) by 7.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 6,935 shares of the coffee company’s stock after selling 556 shares during the period. Heritage Wealth Advisors’ holdings in Starbucks were worth $633,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Graney & King LLC acquired a new stake in Starbucks in the fourth quarter worth about $26,000. Excalibur Management Corp grew its position in shares of Starbucks by 3.4% during the 4th quarter. Excalibur Management Corp now owns 10,217 shares of the coffee company’s stock worth $932,000 after buying an additional 334 shares during the period. Ausdal Financial Partners Inc. raised its stake in shares of Starbucks by 94.6% during the fourth quarter. Ausdal Financial Partners Inc. now owns 5,055 shares of the coffee company’s stock worth $461,000 after buying an additional 2,458 shares during the last quarter. Financial Engines Advisors L.L.C. lifted its holdings in Starbucks by 23.5% in the fourth quarter. Financial Engines Advisors L.L.C. now owns 19,851 shares of the coffee company’s stock valued at $1,811,000 after buying an additional 3,771 shares during the period. Finally, Summitry LLC boosted its stake in Starbucks by 2.8% in the fourth quarter. Summitry LLC now owns 544,407 shares of the coffee company’s stock valued at $49,677,000 after acquiring an additional 14,955 shares during the last quarter. Institutional investors own 72.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on SBUX shares. Barclays upped their target price 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. Argus upgraded Starbucks from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a report on Tuesday, March 18th. Wedbush boosted their target price on Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Wells Fargo & Company increased their price target on shares of Starbucks from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. Finally, UBS Group upped their target price on shares of Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $106.12.

Starbucks Trading Up 0.2 %

Starbucks stock opened at $95.88 on Wednesday. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $117.46. The company has a fifty day simple moving average of $105.51 and a 200 day simple moving average of $99.48. The company has a market cap of $108.91 billion, a P/E ratio of 30.93, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99.

Starbucks (NASDAQ:SBUX) last released its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 earned $0.90 EPS. On average, equities research analysts forecast that Starbucks Co. will post 2.99 EPS for the current year.

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.