Starbucks Co. (NASDAQ:SBUX) Shares Acquired by AIA Group Ltd

AIA Group Ltd increased its holdings in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 7.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 90,717 shares of the coffee company's stock after buying an additional 6,303 shares during the period. AIA Group Ltd's holdings in Starbucks were worth $8,278,000 at the end of the most recent quarter.

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

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Starbucks Price Performance

Shares of NASDAQ:SBUX traded up $0.14 on Tuesday, reaching $98.23. The company's stock had a trading volume of 5,864,791 shares, compared to its average volume of 11,117,903. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $117.46. The stock has a market capitalization of $111.58 billion, a P/E ratio of 31.69, a PEG ratio of 3.59 and a beta of 0.99. The stock's 50-day moving average is $105.81 and its two-hundred day moving average is $99.54.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, beating the consensus estimate 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 in the prior year, the firm posted $0.90 earnings per share. Equities analysts forecast that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SBUX has been the topic of a number of recent research reports. Royal Bank of Canada restated an "outperform" rating and set a $115.00 target price on shares of Starbucks in a research note on Friday, January 24th. Barclays increased their price objective on shares of Starbucks from $119.00 to $124.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. Wells Fargo & Company lifted their price objective on shares of Starbucks from $115.00 to $125.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 25th. Stifel Nicolaus increased their target price on Starbucks from $110.00 to $114.00 and gave the company a "buy" rating in a report on Monday, January 27th. Finally, BMO Capital Markets raised their price target on Starbucks from $110.00 to $115.00 and gave the company an "outperform" rating in a research note on Wednesday, January 29th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Starbucks presently has a consensus rating of "Moderate Buy" and a consensus price target of $106.12.

Starbucks Company 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.