Starbucks Co. (NASDAQ:SBUX) was downgraded by equities research analysts at Deutsche Bank from a “buy” rating to a “hold” rating in a research report issued on Tuesday, StockTargetPrices.com reports.
Several hedge funds recently bought and sold shares of SBUX. Brick & Kyle Associates boosted its stake in Starbucks by 27.6% in the fourth quarter. Brick & Kyle Associates now owns 4,340 shares of the coffee company’s stock valued at $261,000 after buying an additional 940 shares during the period. Financial Advisory Service Inc. boosted its stake in Starbucks by 1.7% in the fourth quarter. Financial Advisory Service Inc. now owns 4,770 shares of the coffee company’s stock valued at $286,000 after buying an additional 80 shares during the period. Capital Investment Advisors boosted its stake in Starbucks by 1.6% in the fourth quarter. Capital Investment Advisors now owns 4,829 shares of the coffee company’s stock valued at $290,000 after buying an additional 76 shares during the period. Park National bought a new stake in Starbucks during the fourth quarter valued at $319,000. Finally, Coconut Grove Bank bought a new stake in Starbucks during the fourth quarter valued at $339,000.
Source: American Banking and Market News