Johnson Investment Counsel Inc. Sells 4,123 Shares of Starbucks Co. (NASDAQ:SBUX)

Johnson Investment Counsel Inc. decreased its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 8.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,456 shares of the coffee company’s stock after selling 4,123 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Starbucks were worth $4,057,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Daiwa Securities Group Inc. boosted its holdings in Starbucks by 4.5% during the fourth quarter. Daiwa Securities Group Inc. now owns 235,919 shares of the coffee company’s stock worth $21,528,000 after purchasing an additional 10,229 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Starbucks by 5.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 527,121 shares of the coffee company’s stock worth $48,100,000 after purchasing an additional 28,227 shares during the last quarter. Simplicity Wealth LLC boosted its holdings in Starbucks by 6.3% during the fourth quarter. Simplicity Wealth LLC now owns 2,375 shares of the coffee company’s stock worth $217,000 after purchasing an additional 141 shares during the last quarter. OFI Invest Asset Management acquired a new position in Starbucks during the fourth quarter worth $9,497,000. Finally, Larson Financial Group LLC boosted its holdings in Starbucks by 0.6% during the fourth quarter. Larson Financial Group LLC now owns 22,407 shares of the coffee company’s stock worth $2,045,000 after purchasing an additional 128 shares during the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Stock Performance

NASDAQ:SBUX opened at $101.13 on Tuesday. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $117.46. The firm has a market cap of $114.87 billion, a price-to-earnings ratio of 32.62, a P/E/G ratio of 3.59 and a beta of 0.99. The firm’s 50-day simple moving average is $104.31 and its 200 day simple moving average is $99.19.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates 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 quarter last year, the business earned $0.90 EPS. Sell-side analysts anticipate that Starbucks Co. will post 2.99 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently commented on the stock. UBS Group increased their target price on shares of Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Barclays increased their price target on shares of Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Wells Fargo & Company increased their price target on shares of Starbucks from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. BMO Capital Markets increased their price target on shares of Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $115.00 price target on shares of Starbucks in a research note on Friday, January 24th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $105.75.

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.