Johnson Investment Counsel Inc. Has $4.06 Million Holdings in Starbucks Co. (NASDAQ:SBUX)

Johnson Investment Counsel Inc. cut its position in Starbucks Co. (NASDAQ:SBUX) by 8.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,456 shares of the coffee company’s stock after selling 4,123 shares during the period. Johnson Investment Counsel Inc.’s holdings in Starbucks were worth $4,057,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SBUX. Financial Life Planners acquired a new position in Starbucks in the fourth quarter valued at about $25,000. Collier Financial acquired a new position in Starbucks in the fourth quarter valued at about $27,000. Marshall Investment Management LLC acquired a new position in Starbucks in the fourth quarter valued at about $30,000. Noble Wealth Management PBC acquired a new position in Starbucks in the fourth quarter valued at about $30,000. Finally, Centricity Wealth Management LLC acquired a new position in Starbucks in the fourth quarter valued at about $36,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Starbucks Stock Performance

Shares of NASDAQ:SBUX opened at $101.13 on Tuesday. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $117.46. The company has a market capitalization of $114.87 billion, a PE ratio of 32.62, a PEG ratio of 3.59 and a beta of 0.99. The company has a 50 day moving average price of $104.31 and a two-hundred day moving average price of $99.19.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.68 by $0.01. Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. During the same period in the prior year, the firm earned $0.90 earnings per share. On average, sell-side analysts forecast that Starbucks Co. will post 2.99 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on SBUX. UBS Group boosted their price target on shares of Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Wedbush upped their target price 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. Barclays upped their target price on shares of Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Wells Fargo & Company upped their target price on shares of Starbucks from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. Finally, BMO Capital Markets upped their target price on shares of Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Three analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.