Atria Wealth Solutions Inc. Sells 22,727 Shares of Starbucks Co. (NASDAQ:SBUX)

Atria Wealth Solutions Inc. lowered its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 22.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 79,707 shares of the coffee company’s stock after selling 22,727 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Starbucks were worth $7,273,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Financial Life Planners purchased a new position in Starbucks during the 4th quarter valued at $25,000. Collier Financial purchased a new position in Starbucks during the 4th quarter valued at $27,000. DT Investment Partners LLC boosted its holdings in Starbucks by 39.4% during the 3rd quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock valued at $42,000 after acquiring an additional 121 shares during the period. FSA Wealth Management LLC purchased a new position in Starbucks during the 3rd quarter valued at $49,000. Finally, Hager Investment Management Services LLC purchased a new position in Starbucks during the 4th quarter valued at $56,000. Institutional investors own 72.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on SBUX shares. Redburn Atlantic reiterated a “sell” rating and issued a $77.00 target price (down from $84.00) on shares of Starbucks in a report on Wednesday, November 13th. BMO Capital Markets upped their target price on Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Wedbush upped their target price on Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and issued a $115.00 target price on shares of Starbucks in a report on Friday, January 24th. Finally, Barclays upped their target price on Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $105.33.

Starbucks Stock Down 0.5 %

Starbucks stock opened at $112.49 on Thursday. The firm has a market cap of $127.78 billion, a price-to-earnings ratio of 36.29, a price-to-earnings-growth ratio of 3.55 and a beta of 1.00. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $113.47. The business’s 50-day moving average price is $99.13 and its 200 day moving average price is $96.77.

Starbucks (NASDAQ:SBUX) last posted 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 quarter last year, the business earned $0.90 EPS. Equities analysts expect that Starbucks Co. will post 3 EPS for the current 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.