Citizens Financial Group Inc. RI Acquires 9,047 Shares of Starbucks Co. (NASDAQ:SBUX)

Citizens Financial Group Inc. RI boosted its stake in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 44.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,475 shares of the coffee company's stock after buying an additional 9,047 shares during the quarter. Citizens Financial Group Inc. RI's holdings in Starbucks were worth $2,690,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Financial Life Planners bought a new position in shares of Starbucks during the 4th quarter valued at approximately $25,000. Collier Financial bought a new stake in shares of Starbucks in the 4th quarter worth approximately $27,000. Marshall Investment Management LLC purchased a new position in Starbucks in the fourth quarter valued at approximately $30,000. Noble Wealth Management PBC bought a new position in Starbucks during the fourth quarter valued at $30,000. Finally, Centricity Wealth Management LLC purchased a new stake in Starbucks in the fourth quarter worth $36,000. Hedge funds and other institutional investors own 72.29% of the company's stock.

Starbucks Trading Down 1.5 %

SBUX stock opened at $99.58 on Wednesday. The company's 50 day moving average is $104.48 and its 200 day moving average is $99.23. The stock has a market cap of $113.11 billion, a price-to-earnings ratio of 32.12, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $117.46.

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Starbucks (NASDAQ:SBUX - Get Free Report) last issued its quarterly earnings results 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 net margin of 9.73% and a negative return on equity of 44.97%. During the same period last year, the business posted $0.90 EPS. As a group, sell-side analysts forecast that Starbucks Co. will post 2.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SBUX. Redburn Atlantic reaffirmed a "sell" rating and set a $77.00 price target (down previously from $84.00) on shares of Starbucks in a research report on Wednesday, November 13th. UBS Group boosted their price objective on Starbucks from $98.00 to $105.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. 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 note on Wednesday, January 29th. Royal Bank of Canada restated an "outperform" rating and set a $115.00 price target on shares of Starbucks in a research note on Friday, January 24th. Finally, Wedbush lifted their price objective on shares of 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, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $105.75.

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.

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