4,470 Shares in Starbucks Co. (NASDAQ:SBUX) Purchased by Allianz SE

Allianz SE bought a new position in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,470 shares of the coffee company's stock, valued at approximately $406,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Wintrust Investments LLC increased its holdings in shares of Starbucks by 7.1% in the fourth quarter. Wintrust Investments LLC now owns 1,411 shares of the coffee company's stock worth $128,000 after purchasing an additional 94 shares during the period. Kuhn & Co Investment Counsel increased its stake in Starbucks by 2.3% in the 4th quarter. Kuhn & Co Investment Counsel now owns 4,240 shares of the coffee company's stock worth $387,000 after acquiring an additional 96 shares during the last quarter. Wellington Shields & Co. LLC raised its holdings in shares of Starbucks by 8.6% in the 4th quarter. Wellington Shields & Co. LLC now owns 1,265 shares of the coffee company's stock valued at $115,000 after acquiring an additional 100 shares in the last quarter. Mystic Asset Management Inc. boosted its position in shares of Starbucks by 3.9% during the 4th quarter. Mystic Asset Management Inc. now owns 2,665 shares of the coffee company's stock valued at $243,000 after acquiring an additional 101 shares during the last quarter. Finally, Jmac Enterprises LLC grew its holdings in shares of Starbucks by 1.0% during the fourth quarter. Jmac Enterprises LLC now owns 9,995 shares of the coffee company's stock worth $912,000 after purchasing an additional 103 shares in the last quarter. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

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Starbucks Trading Up 0.1 %

Starbucks stock traded up $0.14 on Tuesday, hitting $98.23. 5,864,791 shares of the stock traded hands, compared to its average volume of 11,117,903. The business's fifty day simple moving average is $105.81 and its 200 day simple moving average is $99.54. The firm has a market cap of $111.58 billion, a P/E ratio of 31.69, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99. Starbucks Co. has a 1 year low of $71.55 and a 1 year high of $117.46.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, beating 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 in the previous year, the company posted $0.90 earnings per share. As a group, analysts predict that Starbucks Co. will post 2.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SBUX. BMO Capital Markets raised their target price 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. Wells Fargo & Company raised their price objective on shares of Starbucks from $115.00 to $125.00 and gave the company an "overweight" rating in a research report on Tuesday, February 25th. Argus upgraded shares of Starbucks from a "hold" rating to a "buy" rating and set a $115.00 target price for the company in a research report on Tuesday, March 18th. Stifel Nicolaus raised their price target on Starbucks from $110.00 to $114.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $115.00 price objective on shares of Starbucks in a report on Friday, January 24th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Starbucks presently has an average rating of "Moderate Buy" and an average price target of $106.12.

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.