9,305 Shares in Starbucks Co. (NASDAQ:SBUX) Purchased by Blueshift Asset Management LLC

Blueshift Asset Management LLC bought a new stake in Starbucks Co. (NASDAQ:SBUX - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 9,305 shares of the coffee company's stock, valued at approximately $849,000.

A number of other institutional investors also recently modified their holdings of the company. Financial Life Planners bought a new position in shares of Starbucks in the fourth quarter valued at $25,000. Collier Financial acquired a new stake in shares of Starbucks in the 4th quarter worth about $27,000. Marshall Investment Management LLC bought a new position in Starbucks in the 4th quarter valued at about $30,000. Noble Wealth Management PBC acquired a new position in Starbucks during the 4th quarter valued at about $30,000. Finally, Centricity Wealth Management LLC purchased a new stake in shares of Starbucks in the fourth quarter worth approximately $36,000. 72.29% of the stock is owned by institutional investors and hedge funds.

Starbucks Stock Performance

NASDAQ:SBUX traded down $1.35 during trading hours on Monday, reaching $95.72. The company's stock had a trading volume of 8,258,116 shares, compared to its average volume of 10,607,253. The firm has a 50-day simple moving average of $105.45 and a 200-day simple moving average of $99.44. Starbucks Co. has a 1 year low of $71.55 and a 1 year high of $117.46. The firm has a market capitalization of $108.73 billion, a price-to-earnings ratio of 30.88, a PEG ratio of 3.59 and a beta of 0.99.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, topping 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 last year, the business posted $0.90 EPS. Equities analysts anticipate that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

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Analyst Upgrades and Downgrades

SBUX has been the subject of several recent research reports. Wedbush upped their price target on Starbucks from $95.00 to $100.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. BMO Capital Markets raised their price target on shares of Starbucks from $110.00 to $115.00 and gave the company an "outperform" rating in a research report on Wednesday, January 29th. Wells Fargo & Company upped 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 lifted their target price on shares of Starbucks from $110.00 to $114.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Finally, Barclays upped their target price on Starbucks from $119.00 to $124.00 and gave the company an "overweight" rating in a report on Wednesday, January 29th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price 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.