CoreFirst Bank & Trust acquired a new position in Starbucks Co. (NASDAQ:SBUX - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,507 shares of the coffee company's stock, valued at approximately $320,000.
Several other large investors have also recently modified their holdings of SBUX. Congress Wealth Management LLC DE grew its holdings in Starbucks by 16.2% in the fourth quarter. Congress Wealth Management LLC DE now owns 17,230 shares of the coffee company's stock worth $1,572,000 after purchasing an additional 2,406 shares during the last quarter. Twin City Private Wealth LLC grew its stake in Starbucks by 5.5% during the 4th quarter. Twin City Private Wealth LLC now owns 27,214 shares of the coffee company's stock worth $2,483,000 after buying an additional 1,420 shares during the last quarter. Mountain Hill Investment Partners Corp. acquired a new position in Starbucks during the 4th quarter valued at about $73,000. Vanguard Group Inc. increased its position in Starbucks by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 111,106,209 shares of the coffee company's stock valued at $10,138,442,000 after buying an additional 784,432 shares in the last quarter. Finally, Napatree Capital LLC raised its stake in Starbucks by 12.9% in the fourth quarter. Napatree Capital LLC now owns 4,791 shares of the coffee company's stock valued at $437,000 after buying an additional 546 shares during the last quarter. Institutional investors own 72.29% of the company's stock.
Starbucks Trading Down 1.6 %
SBUX traded down $1.55 during midday trading on Friday, hitting $97.30. 3,086,627 shares of the company traded hands, compared to its average volume of 11,077,558. The company has a market capitalization of $110.52 billion, a price-to-earnings ratio of 31.37, a PEG ratio of 3.59 and a beta of 0.99. The business has a 50 day simple moving average of $105.69 and a two-hundred day simple moving average of $99.46. 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 posted its quarterly earnings data 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 negative return on equity of 44.97% and a net margin of 9.73%. During the same quarter last year, the company posted $0.90 earnings per share. Equities research analysts anticipate that Starbucks Co. will post 2.99 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the company. UBS Group boosted their price target on Starbucks from $98.00 to $105.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. BMO Capital Markets boosted their target price on shares of Starbucks from $110.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 29th. Wedbush raised their price target on shares of Starbucks from $95.00 to $100.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Wells Fargo & Company lifted their price objective 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. Finally, Stifel Nicolaus upped their target price on Starbucks from $110.00 to $114.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $106.12.
Check Out Our Latest Research Report on Starbucks
About Starbucks
(
Free Report)
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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