Aviso Wealth Management Has $938,000 Stock Position in Starbucks Co. (NASDAQ:SBUX)

Aviso Wealth Management lessened its holdings in Starbucks Co. (NASDAQ:SBUX) by 17.8% in the 4th quarter, Holdings Channel reports. The firm owned 10,282 shares of the coffee company’s stock after selling 2,227 shares during the quarter. Aviso Wealth Management’s holdings in Starbucks were worth $938,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several research firms recently weighed in on SBUX. UBS Group boosted their price objective on Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Barclays increased their price objective on Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Wedbush raised their price target on shares of Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Argus raised shares of Starbucks from a “hold” rating to a “buy” rating and set a $115.00 price objective for the company in a research report on Tuesday, March 18th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $115.00 target price on shares of Starbucks in a research note on Friday, January 24th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Starbucks has a consensus rating of “Moderate Buy” and an average target price of $106.12.

Starbucks Price Performance

Shares of NASDAQ:SBUX opened at $95.88 on Wednesday. The company has a 50 day moving average of $105.51 and a 200-day moving average of $99.48. Starbucks Co. has a one year low of $71.55 and a one year high of $117.46. The stock has a market cap of $108.91 billion, a price-to-earnings ratio of 30.93, a P/E/G ratio of 3.59 and a beta of 0.99.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results 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 period in the prior year, the company earned $0.90 earnings per share. Equities research analysts anticipate that Starbucks Co. will post 2.99 earnings per share for the current 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.