Delta Financial Advisors LLC Has $2.01 Million Stock Holdings in Starbucks Co. (NASDAQ:SBUX)

Delta Financial Advisors LLC cut its holdings in Starbucks Co. (NASDAQ:SBUX) by 1.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 21,990 shares of the coffee company’s stock after selling 256 shares during the quarter. Delta Financial Advisors LLC’s holdings in Starbucks were worth $2,007,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Los Angeles Capital Management LLC lifted its stake in Starbucks by 51.9% in the 4th quarter. Los Angeles Capital Management LLC now owns 507,206 shares of the coffee company’s stock valued at $46,283,000 after acquiring an additional 173,213 shares in the last quarter. FourThought Financial Partners LLC bought a new stake in Starbucks in the 4th quarter valued at approximately $448,000. Trifecta Capital Advisors LLC lifted its stake in Starbucks by 1.0% in the 4th quarter. Trifecta Capital Advisors LLC now owns 29,429 shares of the coffee company’s stock valued at $2,685,000 after acquiring an additional 290 shares in the last quarter. CWS Financial Advisors LLC lifted its stake in Starbucks by 7.9% in the 4th quarter. CWS Financial Advisors LLC now owns 5,022 shares of the coffee company’s stock valued at $458,000 after acquiring an additional 367 shares in the last quarter. Finally, Coyle Financial Counsel LLC bought a new stake in Starbucks in the 4th quarter valued at approximately $263,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on SBUX shares. Wedbush boosted their target price on Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Stifel Nicolaus increased their price objective on Starbucks from $110.00 to $114.00 and gave the company 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 report on Wednesday, January 29th. TD Cowen reissued a “buy” rating and issued a $110.00 price objective on shares of Starbucks in a report on Monday, November 11th. Finally, BMO Capital Markets increased their price objective on Starbucks from $110.00 to $115.00 and gave the company an “outperform” 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 issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Starbucks has a consensus rating of “Moderate Buy” and an average price target of $105.75.

Starbucks Trading Up 1.2 %

Shares of SBUX stock opened at $114.59 on Wednesday. The business’s 50-day moving average price is $100.58 and its 200-day moving average price is $98.00. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $115.24. The firm has a market capitalization of $130.16 billion, a price-to-earnings ratio of 36.96, a PEG ratio of 3.59 and a beta of 1.00.

Starbucks (NASDAQ:SBUX) last announced 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 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. On average, sell-side analysts predict that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Starbucks 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.