Bath Savings Trust Co grew its holdings in Starbucks Co. (NASDAQ:SBUX) by 0.3% during the 1st quarter, Holdings Channel reports. The firm owned 137,877 shares of the coffee company’s stock after purchasing an additional 410 shares during the period. Starbucks makes up approximately 2.2% of Bath Savings Trust Co’s portfolio, making the stock its 16th biggest position. Bath Savings Trust Co’s holdings in Starbucks were worth $10,250,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of SBUX. Gardiner Nancy B boosted its stake in Starbucks by 2.8% during the 4th quarter. Gardiner Nancy B now owns 5,700 shares of the coffee company’s stock worth $367,000 after acquiring an additional 156 shares during the last quarter. Kistler Tiffany Companies LLC lifted its stake in Starbucks by 1.8% in the fourth quarter. Kistler Tiffany Companies LLC now owns 9,319 shares of the coffee company’s stock valued at $600,000 after buying an additional 162 shares in the last quarter. Old North State Trust LLC lifted its stake in Starbucks by 26.7% in the fourth quarter. Old North State Trust LLC now owns 822 shares of the coffee company’s stock valued at $52,000 after buying an additional 173 shares in the last quarter. Tiemann Investment Advisors LLC lifted its stake in Starbucks by 3.5% in the fourth quarter. Tiemann Investment Advisors LLC now owns 5,160 shares of the coffee company’s stock valued at $332,000 after buying an additional 175 shares in the last quarter. Finally, WealthPLAN Partners LLC lifted its stake in Starbucks by 2.8% in the fourth quarter. WealthPLAN Partners LLC now owns 6,574 shares of the coffee company’s stock valued at $464,000 after buying an additional 182 shares in the last quarter. 73.36% of the stock is currently owned by institutional investors.

A number of research analysts have weighed in on SBUX shares. Goldman Sachs Group lowered shares of Starbucks from a “buy” rating to a “neutral” rating and cut their price target for the company from $75.00 to $68.00 in a research note on Friday, January 11th. BMO Capital Markets cut their price target on shares of Starbucks to $60.00 and set a “market perform” rating on the stock in a research note on Friday, January 11th. They noted that the move was a valuation call. Oppenheimer reaffirmed an “outperform” rating and issued a $72.00 price target (up previously from $70.00) on shares of Starbucks in a research note on Friday, January 25th. CIBC lifted their price target on shares of Starbucks from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Friday, January 25th. Finally, Bank of America set a $75.00 price target on shares of Starbucks and gave the company a “buy” rating in a research note on Friday, January 25th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Starbucks presently has a consensus rating of “Buy” and an average price target of $68.00.

In related news, insider John Culver sold 169,096 shares of the business’s stock in a transaction on Thursday, February 7th. The shares were sold at an average price of $68.81, for a total transaction of $11,635,495.76. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Clifford Burrows sold 152,634 shares of the business’s stock in a transaction on Tuesday, January 29th. The stock was sold at an average price of $67.22, for a total transaction of $10,260,057.48. Following the transaction, the insider now owns 311,083 shares in the company, valued at $20,910,999.26. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 565,806 shares of company stock worth $38,789,988. 3.98% of the stock is owned by corporate insiders.

NASDAQ SBUX opened at $76.16 on Tuesday. The company has a debt-to-equity ratio of 7.73, a quick ratio of 1.16 and a current ratio of 1.41. Starbucks Co. has a 12-month low of $47.37 and a 12-month high of $76.95. The company has a market capitalization of $94.35 billion, a PE ratio of 31.47, a price-to-earnings-growth ratio of 2.17 and a beta of 0.51.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Thursday, January 24th. The coffee company reported $0.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.10. Starbucks had a net margin of 11.98% and a return on equity of 193.00%. The company had revenue of $6.63 billion for the quarter, compared to the consensus estimate of $6.49 billion. During the same period last year, the company earned $0.65 earnings per share. The firm’s revenue was up 9.2% compared to the same quarter last year. On average, analysts predict that Starbucks Co. will post 2.72 EPS for the current fiscal year.

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Starbucks Profile

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink beverages, iced tea, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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