Delta Financial Advisors LLC Has $2.01 Million Stock Position in Starbucks Co. (NASDAQ:SBUX)

Delta Financial Advisors LLC decreased its stake in Starbucks Co. (NASDAQ:SBUX) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,990 shares of the coffee company’s stock after selling 256 shares during the period. Delta Financial Advisors LLC’s holdings in Starbucks were worth $2,007,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of SBUX. Financial Life Planners acquired a new stake in shares of Starbucks in the fourth quarter worth $25,000. Collier Financial acquired a new stake in shares of Starbucks in the fourth quarter worth $27,000. Marshall Investment Management LLC acquired a new stake in shares of Starbucks in the fourth quarter worth $30,000. Centricity Wealth Management LLC acquired a new stake in shares of Starbucks in the fourth quarter worth $36,000. Finally, Morton Brown Family Wealth LLC grew its stake in shares of Starbucks by 43.9% in the fourth quarter. Morton Brown Family Wealth LLC now owns 505 shares of the coffee company’s stock worth $46,000 after acquiring an additional 154 shares during the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Trading Up 1.2 %

Starbucks stock opened at $114.59 on Wednesday. The firm has a market capitalization of $130.16 billion, a P/E ratio of 36.96, a PEG ratio of 3.59 and a beta of 1.00. Starbucks Co. has a 1 year low of $71.55 and a 1 year high of $115.24. The business has a 50-day moving average of $100.58 and a 200-day moving average of $98.00.

Starbucks (NASDAQ:SBUX) last posted its 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 quarter last year, the company posted $0.90 earnings per share. Research analysts anticipate that Starbucks Co. will post 2.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on SBUX shares. Barclays lifted their price target on shares of Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Stifel Nicolaus lifted their price target on shares of Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Royal Bank of Canada reiterated an “outperform” rating and set a $115.00 price target on shares of Starbucks in a research note on Friday, January 24th. BMO Capital Markets lifted their price target on shares of Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Finally, Redburn Atlantic reiterated a “sell” rating and set a $77.00 price target (down previously from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $105.75.

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.