Copperleaf Capital LLC Purchases 8,709 Shares of Starbucks Co. (NASDAQ:SBUX)

Copperleaf Capital LLC increased its holdings in Starbucks Co. (NASDAQ:SBUX - Free Report) by 91.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,243 shares of the coffee company's stock after purchasing an additional 8,709 shares during the quarter. Copperleaf Capital LLC's holdings in Starbucks were worth $1,665,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cornerstone Wealth Management LLC grew its position in Starbucks by 4.7% during the third quarter. Cornerstone Wealth Management LLC now owns 5,671 shares of the coffee company's stock valued at $553,000 after purchasing an additional 252 shares in the last quarter. Harbour Capital Advisors LLC bought a new stake in Starbucks in the third quarter worth approximately $230,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Starbucks by 4.5% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 127,248 shares of the coffee company's stock worth $12,405,000 after buying an additional 5,534 shares during the last quarter. Onyx Bridge Wealth Group LLC acquired a new stake in shares of Starbucks in the third quarter worth $226,000. Finally, Claro Advisors LLC lifted its stake in shares of Starbucks by 35.8% in the third quarter. Claro Advisors LLC now owns 16,955 shares of the coffee company's stock worth $1,653,000 after buying an additional 4,474 shares during the last quarter. 72.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on SBUX shares. TD Cowen reiterated a "buy" rating and set a $110.00 target price on shares of Starbucks in a research note on Monday, November 11th. Redburn Atlantic reiterated a "sell" rating and set a $77.00 target price (down from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. Citigroup upped their target price on shares of Starbucks from $96.00 to $99.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. Barclays increased their price objective on shares of Starbucks from $119.00 to $124.00 and gave the company an "overweight" rating in a research note on Wednesday, January 29th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $115.00 price objective on shares of Starbucks in a research note on Friday, January 24th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Starbucks presently has a consensus rating of "Moderate Buy" and a consensus price target of $105.33.

Starbucks Stock Performance

SBUX stock traded up $0.85 during mid-day trading on Thursday, hitting $113.34. 6,340,640 shares of the company were exchanged, compared to its average volume of 9,794,619. The firm has a market cap of $128.74 billion, a P/E ratio of 36.56, a P/E/G ratio of 3.56 and a beta of 1.00. The firm's 50 day simple moving average is $99.13 and its 200 day simple moving average is $96.77. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $113.50.

Starbucks (NASDAQ:SBUX - Get Free Report) last announced its earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, topping the consensus estimate 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 in the prior year, the company posted $0.90 EPS. On average, equities research analysts predict that Starbucks Co. will post 3 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.