MSA Advisors LLC Sells 6,550 Shares of Starbucks Co. (NASDAQ:SBUX)

MSA Advisors LLC decreased its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 1.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 348,257 shares of the coffee company’s stock after selling 6,550 shares during the period. Starbucks makes up 7.9% of MSA Advisors LLC’s holdings, making the stock its 3rd largest position. MSA Advisors LLC’s holdings in Starbucks were worth $31,778,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Financial Life Planners acquired a new position in Starbucks in the 4th quarter worth $25,000. Graney & King LLC bought a new position in shares of Starbucks in the fourth quarter valued at about $26,000. Collier Financial acquired a new position in Starbucks in the 4th quarter valued at $27,000. Runnymede Capital Advisors Inc. bought a new position in Starbucks during the 4th quarter worth $27,000. Finally, Marshall Investment Management LLC acquired a new position in Starbucks during the fourth quarter valued at approximately $30,000. Institutional investors own 72.29% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. UBS Group raised their price target on shares of Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a 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 note on Wednesday, January 29th. Argus raised shares of Starbucks from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a report on Tuesday, March 18th. Stifel Nicolaus boosted their target price on Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Finally, Barclays increased their target price on shares of Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Three analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Starbucks currently has an average rating of “Moderate Buy” and an average target price of $106.12.

Starbucks Trading Up 2.2 %

NASDAQ SBUX opened at $97.97 on Thursday. The stock has a market cap of $111.28 billion, a PE ratio of 31.60, a PEG ratio of 3.59 and a beta of 0.99. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $117.46. The company’s 50-day moving average price is $105.61 and its 200-day moving average price is $99.47.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data 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 negative return on equity of 44.97% and a net margin of 9.73%. During the same quarter last year, the firm posted $0.90 earnings per share. As a group, sell-side analysts forecast that Starbucks Co. will post 2.99 earnings per share for the current year.

Starbucks 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.