Schwarz Dygos Wheeler Investment Advisors LLC Has $2.22 Million Stock Holdings in Starbucks Co. (NASDAQ:SBUX)

Schwarz Dygos Wheeler Investment Advisors LLC trimmed its position in Starbucks Co. (NASDAQ:SBUX) by 4.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,286 shares of the coffee company’s stock after selling 1,118 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC’s holdings in Starbucks were worth $2,216,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in SBUX. Financial Life Planners acquired a new position in shares of Starbucks during the fourth quarter worth approximately $25,000. Collier Financial bought a new stake in Starbucks during the 4th quarter valued at $27,000. Marshall Investment Management LLC acquired a new position in Starbucks during the fourth quarter worth $30,000. Noble Wealth Management PBC bought a new position in shares of Starbucks in the fourth quarter valued at $30,000. Finally, Centricity Wealth Management LLC acquired a new position in shares of Starbucks during the fourth quarter valued at about $36,000. 72.29% of the stock is owned by institutional investors and hedge funds.

Starbucks Stock Performance

Shares of SBUX opened at $106.48 on Monday. The firm has a market cap of $120.95 billion, a P/E ratio of 34.35, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $117.46. The business has a 50-day moving average of $104.10 and a 200 day moving average of $99.13.

Starbucks (NASDAQ:SBUX) last posted its 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 net margin of 9.73% and a negative return on equity of 44.97%. During the same period in the prior year, the business earned $0.90 earnings per share. As a group, research analysts predict that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SBUX shares. Redburn Atlantic restated a “sell” rating and issued a $77.00 target price (down previously from $84.00) on shares of Starbucks in a report on Wednesday, November 13th. Stifel Nicolaus increased their price objective on Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. TD Cowen reaffirmed a “buy” rating and set a $110.00 target price on shares of Starbucks in a research report on Monday, November 11th. Barclays increased their price target on Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Finally, BMO Capital Markets raised their price objective on Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Three equities research 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. According to data from MarketBeat, Starbucks currently has an average rating of “Moderate Buy” and an average price target of $105.75.

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.