Kistler Tiffany Companies LLC decreased its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 31.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund 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 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Invesco Ltd. grew its holdings in Starbucks by 18.4% in the 2nd quarter. Invesco Ltd. now owns 17,382,380 shares of the coffee company’s stock valued at $1,457,167,000 after buying an additional 2,706,533 shares during the last quarter. Nuveen Asset Management LLC grew its holdings in Starbucks by 977.6% in the 2nd quarter. Nuveen Asset Management LLC now owns 7,923,411 shares of the coffee company’s stock valued at $664,219,000 after buying an additional 7,188,139 shares during the last quarter. UBS Asset Management Americas Inc. grew its holdings in Starbucks by 1.5% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 4,634,647 shares of the coffee company’s stock valued at $388,522,000 after buying an additional 68,949 shares during the last quarter. AQR Capital Management LLC grew its holdings in Starbucks by 5.3% in the 2nd quarter. AQR Capital Management LLC now owns 3,846,298 shares of the coffee company’s stock valued at $322,436,000 after buying an additional 194,009 shares during the last quarter. Finally, Parametric Portfolio Associates LLC grew its holdings in Starbucks by 4.0% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 3,766,481 shares of the coffee company’s stock valued at $333,032,000 after buying an additional 144,508 shares during the last quarter. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Starbucks stock traded down $0.09 during midday trading on Tuesday, hitting $90.99. 5,855,052 shares of the company were exchanged, compared to its average volume of 6,697,391. The firm has a market cap of $106.48 billion, a P/E ratio of 32.15, a PEG ratio of 2.28 and a beta of 0.51. Starbucks Co. has a 52 week low of $62.93 and a 52 week high of $99.72. The firm has a 50 day simple moving average of $87.59 and a 200-day simple moving average of $88.99.

Starbucks (NASDAQ:SBUX) last posted its earnings results on Wednesday, October 30th. The coffee company reported $0.70 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.70. The business had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.68 billion. Starbucks had a negative return on equity of 75.45% and a net margin of 13.58%. Starbucks’s revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the company earned $0.62 EPS. As a group, sell-side analysts anticipate that Starbucks Co. will post 3.05 earnings per share for the current year.

SBUX has been the topic of a number of research analyst reports. Wedbush reaffirmed a “neutral” rating on shares of Starbucks in a report on Thursday, October 31st. Royal Bank of Canada initiated coverage on Starbucks in a report on Monday, December 9th. They issued an “outperform” rating and a $97.00 target price on the stock. Barclays raised Starbucks from an “equal weight” rating to an “overweight” rating and set a $107.00 target price on the stock in a report on Thursday, January 9th. Bank of America set a $100.00 target price on Starbucks and gave the company a “buy” rating in a report on Monday, September 30th. Finally, Morgan Stanley raised their target price on Starbucks from $88.00 to $95.00 and gave the company an “equal weight” rating in a report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $92.35.

In related news, Director Myron E. Ullman III sold 9,973 shares of the firm’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 transaction of $845,610.67. Following the completion of the transaction, the director now owns 28,407 shares in the company, valued at approximately $2,408,629.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Lucy Lee Helm sold 18,982 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was 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 have sold a total of 35,207 shares of company stock valued at $3,072,954 in the last 90 days. 3.98% of the stock is owned by corporate insiders.

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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