Tredje AP fonden Sells 125,311 Shares of Starbucks Co. (NASDAQ:SBUX)

Tredje AP fonden trimmed its holdings in Starbucks Co. (NASDAQ:SBUX) by 31.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 278,843 shares of the coffee company’s stock after selling 125,311 shares during the quarter. Tredje AP fonden’s holdings in Starbucks were worth $25,444,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in SBUX. Strategic Financial Concepts LLC bought a new stake in Starbucks during the 4th quarter worth about $62,000. Arizona State Retirement System raised its holdings in Starbucks by 0.8% during the 4th quarter. Arizona State Retirement System now owns 327,459 shares of the coffee company’s stock worth $29,881,000 after purchasing an additional 2,722 shares during the last quarter. West Michigan Advisors LLC bought a new stake in Starbucks during the 4th quarter worth about $265,000. Wernau Asset Management Inc. bought a new stake in Starbucks during the 4th quarter worth about $258,000. Finally, Investment Management Corp of Ontario raised its holdings in Starbucks by 48.6% during the 3rd quarter. Investment Management Corp of Ontario now owns 37,584 shares of the coffee company’s stock worth $3,664,000 after purchasing an additional 12,300 shares during the last quarter. 72.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SBUX. Redburn Atlantic reissued a “sell” rating and set a $77.00 price objective (down from $84.00) on shares of Starbucks in a report on Wednesday, November 13th. Wells Fargo & Company boosted their price objective on Starbucks from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. BMO Capital Markets boosted their target price on Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. UBS Group boosted their target price on Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Finally, Wedbush boosted their target price on Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Starbucks presently has an average rating of “Moderate Buy” and a consensus price target of $105.75.

Starbucks Stock Performance

NASDAQ SBUX opened at $98.69 on Thursday. The stock has a market capitalization of $112.10 billion, a price-to-earnings ratio of 31.84, a PEG ratio of 3.59 and a beta of 0.99. The stock’s 50 day moving average price is $104.63 and its two-hundred day moving average price is $99.22. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $117.46.

Starbucks (NASDAQ:SBUX) last released 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 negative return on equity of 44.97% and a net margin of 9.73%. During the same period in the previous year, the business posted $0.90 EPS. On average, equities research analysts forecast that Starbucks Co. will post 2.99 EPS for the current year.

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.