Advyzon Investment Management LLC Buys New Position in Starbucks Co. (NASDAQ:SBUX)

Advyzon Investment Management LLC purchased a new stake in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,765 shares of the coffee company's stock, valued at approximately $344,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Financial Life Planners bought a new stake in shares of Starbucks in the 4th quarter valued at about $25,000. Collier Financial acquired a new position in Starbucks during the fourth quarter worth approximately $27,000. DT Investment Partners LLC raised its stake in Starbucks by 39.4% in the third quarter. DT Investment Partners LLC now owns 428 shares of the coffee company's stock valued at $42,000 after buying an additional 121 shares during the period. FSA Wealth Management LLC acquired a new stake in shares of Starbucks in the third quarter valued at approximately $49,000. Finally, Morton Brown Family Wealth LLC increased its holdings in shares of Starbucks by 43.9% during the 4th quarter. Morton Brown Family Wealth LLC now owns 505 shares of the coffee company's stock worth $46,000 after acquiring an additional 154 shares during the last quarter. 72.29% of the stock is currently owned by institutional investors.

Starbucks Price Performance

Shares of NASDAQ SBUX traded down $1.59 during mid-day trading on Friday, hitting $111.75. 9,661,850 shares of the stock traded hands, compared to its average volume of 9,790,830. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $114.68. The firm has a 50 day simple moving average of $99.44 and a two-hundred day simple moving average of $96.89. The company has a market cap of $126.94 billion, a PE ratio of 36.05, a price-to-earnings-growth ratio of 3.56 and a beta of 1.00.

Starbucks (NASDAQ:SBUX - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.01. Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. During the same quarter last year, the business earned $0.90 EPS. On average, equities research analysts anticipate that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Redburn Atlantic reaffirmed a "sell" rating and set a $77.00 price objective (down from $84.00) on shares of Starbucks in a research report on Wednesday, November 13th. Stifel Nicolaus lifted their target price on shares of Starbucks from $110.00 to $114.00 and gave the stock a "buy" rating in a report on Monday, January 27th. UBS Group increased their price target on shares of Starbucks from $98.00 to $105.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Citigroup boosted their price objective on Starbucks from $96.00 to $99.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Finally, BMO Capital Markets increased their target price on Starbucks from $110.00 to $115.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 29th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Starbucks has a consensus rating of "Moderate Buy" and an average price target of $105.33.

About Starbucks

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.