Caisse Des Depots ET Consignations Makes New Investment in Starbucks Co. (NASDAQ:SBUX)

Caisse Des Depots ET Consignations acquired a new stake in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 33,674 shares of the coffee company's stock, valued at approximately $3,073,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Financial Life Planners bought a new position in shares of Starbucks in the fourth quarter worth approximately $25,000. Graney & King LLC bought a new stake in shares of Starbucks during the 4th quarter worth $26,000. Collier Financial purchased a new position in Starbucks in the fourth quarter worth $27,000. Runnymede Capital Advisors Inc. purchased a new stake in Starbucks during the fourth quarter valued at about $27,000. Finally, Marshall Investment Management LLC bought a new stake in Starbucks during the fourth quarter worth about $30,000. Institutional investors own 72.29% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. BMO Capital Markets raised their price objective on Starbucks from $110.00 to $115.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th. Royal Bank of Canada restated an "outperform" rating and issued a $115.00 price objective on shares of Starbucks in a report on Friday, January 24th. Barclays lifted their target price on shares of Starbucks from $119.00 to $124.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 29th. Wells Fargo & Company upped their price target 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. Finally, Wedbush boosted their target price on Starbucks from $95.00 to $100.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Three 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's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $106.12.

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Starbucks Stock Performance

Shares of NASDAQ SBUX traded down $0.11 during mid-day trading on Monday, hitting $97.62. 4,345,540 shares of the stock traded hands, compared to its average volume of 11,087,724. The stock has a fifty day moving average price of $105.75 and a 200-day moving average price of $99.55. The company has a market cap of $110.89 billion, a price-to-earnings ratio of 31.47, a PEG ratio of 3.59 and a beta of 0.99. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $117.46.

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

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.