Commonwealth of Pennsylvania Public School Empls Retrmt SYS Reduces Stake in Starbucks Co. (NASDAQ:SBUX)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its stake in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 241,016 shares of the coffee company's stock after selling 5,671 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in Starbucks were worth $21,993,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in SBUX. Berkeley Capital Partners LLC raised its position in shares of Starbucks by 1.9% in the fourth quarter. Berkeley Capital Partners LLC now owns 21,998 shares of the coffee company's stock worth $2,007,000 after buying an additional 410 shares in the last quarter. iA Global Asset Management Inc. raised its holdings in shares of Starbucks by 62.4% in the 4th quarter. iA Global Asset Management Inc. now owns 200,247 shares of the coffee company's stock valued at $18,273,000 after acquiring an additional 76,910 shares in the last quarter. Teacher Retirement System of Texas boosted its position in shares of Starbucks by 64.3% during the 4th quarter. Teacher Retirement System of Texas now owns 66,843 shares of the coffee company's stock valued at $6,099,000 after acquiring an additional 26,164 shares during the last quarter. Royal London Asset Management Ltd. grew its holdings in shares of Starbucks by 1.1% during the fourth quarter. Royal London Asset Management Ltd. now owns 473,779 shares of the coffee company's stock worth $43,232,000 after purchasing an additional 5,274 shares in the last quarter. Finally, Next Capital Management LLC bought a new position in shares of Starbucks in the fourth quarter worth approximately $207,000. Hedge funds and other institutional investors own 72.29% of the company's stock.

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Analyst Ratings Changes

Several analysts have weighed in on the stock. Royal Bank of Canada reissued an "outperform" rating and issued a $115.00 price target on shares of Starbucks in a research note on Friday, January 24th. Barclays raised 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. Stifel Nicolaus lifted their price target on Starbucks from $110.00 to $114.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Argus raised Starbucks from a "hold" rating to a "buy" rating and set a $115.00 price target on the stock in a research report on Tuesday, March 18th. Finally, Wells Fargo & Company upped their price target on shares of Starbucks from $115.00 to $125.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 25th. Three research 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 stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $106.12.

Starbucks Trading Up 0.2 %

Shares of SBUX stock traded up $0.16 during trading hours on Tuesday, reaching $95.88. 6,978,613 shares of the company's stock were exchanged, compared to its average volume of 10,606,525. The stock has a market cap of $108.91 billion, a PE ratio of 30.93, a PEG ratio of 3.59 and a beta of 0.99. The stock's fifty day moving average price is $105.45 and its two-hundred day moving average price is $99.44. Starbucks Co. has a 1 year low of $71.55 and a 1 year high of $117.46.

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