Prudent Man Advisors LLC Sells 234 Shares of Starbucks Co. (NASDAQ:SBUX)

Prudent Man Advisors LLC cut its stake in Starbucks Co. (NASDAQ:SBUX) by 3.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,777 shares of the coffee company’s stock after selling 234 shares during the quarter. Prudent Man Advisors LLC’s holdings in Starbucks were worth $618,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Financial Life Planners bought a new stake in Starbucks during the 4th quarter valued at $25,000. Collier Financial acquired a new position in shares of Starbucks during the fourth quarter valued at about $27,000. Marshall Investment Management LLC purchased a new position in shares of Starbucks in the fourth quarter worth $30,000. Noble Wealth Management PBC purchased a new position in shares of Starbucks in the fourth quarter worth about $30,000. Finally, Centricity Wealth Management LLC acquired a new stake in shares of Starbucks in the fourth quarter worth $36,000. 72.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SBUX has been the topic of a number of recent analyst reports. Stifel Nicolaus increased their price target on shares of Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a report on Monday, January 27th. UBS Group increased their price objective on Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Redburn Atlantic restated a “sell” rating and set a $77.00 target price (down from $84.00) on shares of Starbucks in a report on Wednesday, November 13th. BMO Capital Markets boosted their price target on shares of Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Finally, Barclays raised their target price on Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Starbucks currently has a consensus rating of “Moderate Buy” and a consensus price target of $105.75.

Starbucks Stock Performance

Shares of NASDAQ:SBUX opened at $115.81 on Friday. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $116.09. The stock has a market capitalization of $131.55 billion, a price-to-earnings ratio of 37.36, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. The company’s fifty day moving average is $102.11 and its two-hundred day moving average is $98.49.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Tuesday, January 28th. The coffee company reported $0.69 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 previous year, the firm earned $0.90 earnings per share. Sell-side analysts expect that Starbucks Co. will post 2.99 EPS for the current fiscal year.

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.