Northwest & Ethical Investments L.P. Sells 6,427 Shares of Starbucks Co. (NASDAQ:SBUX)

Northwest & Ethical Investments L.P. trimmed its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 14.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 36,957 shares of the coffee company’s stock after selling 6,427 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Starbucks were worth $3,372,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of SBUX. Wintrust Investments LLC increased its position in shares of Starbucks by 7.1% during the fourth quarter. Wintrust Investments LLC now owns 1,411 shares of the coffee company’s stock worth $128,000 after acquiring an additional 94 shares in the last quarter. Kuhn & Co Investment Counsel increased its holdings in Starbucks by 2.3% during the 4th quarter. Kuhn & Co Investment Counsel now owns 4,240 shares of the coffee company’s stock worth $387,000 after purchasing an additional 96 shares in the last quarter. Wellington Shields & Co. LLC increased its holdings in Starbucks by 8.6% during the 4th quarter. Wellington Shields & Co. LLC now owns 1,265 shares of the coffee company’s stock worth $115,000 after purchasing an additional 100 shares in the last quarter. Mystic Asset Management Inc. raised its stake in shares of Starbucks by 3.9% in the 4th quarter. Mystic Asset Management Inc. now owns 2,665 shares of the coffee company’s stock valued at $243,000 after purchasing an additional 101 shares during the period. Finally, Jmac Enterprises LLC lifted its holdings in shares of Starbucks by 1.0% in the fourth quarter. Jmac Enterprises LLC now owns 9,995 shares of the coffee company’s stock valued at $912,000 after purchasing an additional 103 shares in the last quarter. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Barclays lifted their target price on Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. UBS Group boosted their price objective on shares of Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Argus raised shares of Starbucks from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a research report on Tuesday. Wells Fargo & Company increased their price objective on shares of Starbucks from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. Finally, Stifel Nicolaus lifted their target price on Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Starbucks has an average rating of “Moderate Buy” and a consensus target price of $106.12.

Starbucks Stock Up 0.1 %

Starbucks stock opened at $99.28 on Friday. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $117.46. The stock has a market cap of $112.77 billion, a P/E ratio of 32.03, a P/E/G ratio of 3.59 and a beta of 0.99. The company’s 50-day moving average price is $105.31 and its two-hundred day moving average price is $99.30.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share 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 quarter in the previous year, the company posted $0.90 earnings per share. Equities analysts anticipate that Starbucks Co. will post 2.99 earnings per share for the current fiscal 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.