American Century Companies Inc. Has $63.71 Million Position in Starbucks Co. (NASDAQ:SBUX)

American Century Companies Inc. trimmed its holdings in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 6.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 698,185 shares of the coffee company's stock after selling 47,192 shares during the quarter. American Century Companies Inc. owned 0.06% of Starbucks worth $63,709,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Plancorp LLC acquired a new position in shares of Starbucks in the 4th quarter valued at approximately $269,000. Runnymede Capital Advisors Inc. bought a new stake in shares of Starbucks in the fourth quarter worth $27,000. Mizuho Securities USA LLC raised its holdings in Starbucks by 46.2% in the fourth quarter. Mizuho Securities USA LLC now owns 107,430 shares of the coffee company's stock valued at $9,803,000 after acquiring an additional 33,948 shares in the last quarter. Virtu Financial LLC bought a new position in Starbucks during the 4th quarter valued at $1,284,000. Finally, ZEGA Investments LLC acquired a new position in Starbucks during the 4th quarter worth $1,080,000. Institutional investors and hedge funds own 72.29% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada restated an "outperform" rating and issued a $115.00 target price on shares of Starbucks in a research note on Friday, January 24th. Stifel Nicolaus increased their target price on Starbucks from $110.00 to $114.00 and gave the stock a "buy" rating in a report on Monday, January 27th. BMO Capital Markets boosted their price target on Starbucks from $110.00 to $115.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th. Wells Fargo & Company upped their price target on Starbucks from $115.00 to $125.00 and gave the company an "overweight" rating in a research report on Tuesday, February 25th. Finally, UBS Group raised their price objective on Starbucks from $98.00 to $105.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $106.12.

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Starbucks Stock Performance

Shares of NASDAQ:SBUX traded down $1.12 during trading on Friday, reaching $97.73. The company had a trading volume of 8,065,958 shares, compared to its average volume of 11,113,862. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $117.46. The firm has a market capitalization of $111.01 billion, a PE ratio of 31.53, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99. The firm's fifty day moving average is $105.75 and its 200 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, topping 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 period in the prior year, the firm posted $0.90 EPS. Equities analysts predict that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

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.