Schwarz Dygos Wheeler Investment Advisors LLC Sells 1,118 Shares of Starbucks Co. (NASDAQ:SBUX)

Schwarz Dygos Wheeler Investment Advisors LLC lowered its stake in Starbucks Co. (NASDAQ:SBUX) by 4.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 24,286 shares of the coffee company’s stock after selling 1,118 shares during the quarter. Schwarz Dygos Wheeler Investment Advisors LLC’s holdings in Starbucks were worth $2,216,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in SBUX. Capital Performance Advisors LLP bought a new stake in shares of Starbucks in the third quarter valued at about $71,000. Fiera Capital Corp raised its position in Starbucks by 13.8% in the 3rd quarter. Fiera Capital Corp now owns 50,753 shares of the coffee company’s stock valued at $4,948,000 after buying an additional 6,163 shares during the last quarter. CWA Asset Management Group LLC acquired a new position in Starbucks during the 3rd quarter worth approximately $485,000. Verdence Capital Advisors LLC boosted its position in Starbucks by 6.3% during the 3rd quarter. Verdence Capital Advisors LLC now owns 6,143 shares of the coffee company’s stock worth $599,000 after acquiring an additional 365 shares during the last quarter. Finally, Assetmark Inc. grew its stake in shares of Starbucks by 5.8% during the 3rd quarter. Assetmark Inc. now owns 35,347 shares of the coffee company’s stock worth $3,446,000 after acquiring an additional 1,940 shares in the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Stock Performance

NASDAQ:SBUX opened at $106.48 on Monday. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $117.46. The firm’s fifty day moving average is $104.10 and its 200-day moving average is $99.13. The firm has a market cap of $120.95 billion, a P/E ratio of 34.35, a P/E/G ratio of 3.59 and a beta of 0.99.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates 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 quarter in the previous year, the company earned $0.90 EPS. As a group, sell-side analysts anticipate that Starbucks Co. will post 2.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

SBUX has been the subject of several recent research reports. 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. Wells Fargo & Company increased their price target on Starbucks from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. Wedbush increased their price target on Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Redburn Atlantic restated a “sell” rating and issued a $77.00 price target (down from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. Finally, UBS Group upped 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. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $105.75.

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.