Kistler Tiffany Companies LLC trimmed its position in Starbucks Co. (NASDAQ:SBUX) by 31.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,543 shares of the coffee company’s stock after selling 2,530 shares during the period. Kistler Tiffany Companies LLC’s holdings in Starbucks were worth $487,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of SBUX. 1 North Wealth Services LLC bought a new stake in shares of Starbucks in the third quarter valued at about $30,000. Sound Income Strategies LLC lifted its holdings in shares of Starbucks by 209.0% in the fourth quarter. Sound Income Strategies LLC now owns 343 shares of the coffee company’s stock valued at $30,000 after purchasing an additional 232 shares in the last quarter. Candriam Luxembourg S.C.A. lifted its holdings in shares of Starbucks by 3.9% in the third quarter. Candriam Luxembourg S.C.A. now owns 373,364 shares of the coffee company’s stock valued at $33,000 after purchasing an additional 14,069 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Starbucks by 246.6% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 402 shares of the coffee company’s stock valued at $36,000 after purchasing an additional 286 shares in the last quarter. Finally, CenterStar Asset Management LLC bought a new stake in Starbucks during the third quarter worth about $39,000. Institutional investors own 69.93% of the company’s stock.

Several analysts recently issued reports on the company. Morgan Stanley upped their target price on Starbucks from $88.00 to $95.00 and gave the stock an “equal weight” rating in a report on Thursday, December 19th. Royal Bank of Canada assumed coverage on Starbucks in a report on Monday, December 9th. They set an “outperform” rating and a $97.00 target price on the stock. BidaskClub upgraded Starbucks from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. JPMorgan Chase & Co. upgraded Starbucks to a “buy” rating and set a $94.00 target price on the stock in a report on Tuesday, January 7th. Finally, ValuEngine lowered Starbucks from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $92.35.

In other news, Director Myron E. Ullman III sold 9,973 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $84.79, for a total value of $845,610.67. Following the transaction, the director now owns 28,407 shares of the company’s stock, valued at $2,408,629.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Lucy Lee Helm sold 18,982 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $88.49, for a total value of $1,679,717.18. The disclosure for this sale can be found here. Insiders sold 35,207 shares of company stock worth $3,072,954 in the last ninety days. 3.98% of the stock is owned by company insiders.

NASDAQ:SBUX traded down $0.09 on Tuesday, hitting $90.99. The company’s stock had a trading volume of 5,855,052 shares, compared to its average volume of 6,697,391. The stock has a fifty day moving average of $87.59 and a two-hundred day moving average of $88.99. The firm has a market capitalization of $106.48 billion, a P/E ratio of 32.15, a price-to-earnings-growth ratio of 2.28 and a beta of 0.51. Starbucks Co. has a one year low of $62.93 and a one year high of $99.72.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Wednesday, October 30th. The coffee company reported $0.70 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.70. The firm had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.68 billion. Starbucks had a negative return on equity of 75.45% and a net margin of 13.58%. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.62 earnings per share. On average, equities research analysts anticipate that Starbucks Co. will post 3.05 EPS for the current fiscal year.

Starbucks Company 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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