D.A. Davidson & CO. Buys 9,830 Shares of Starbucks Co. (NASDAQ:SBUX)

D.A. Davidson & CO. lifted its stake in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 5.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 205,528 shares of the coffee company's stock after purchasing an additional 9,830 shares during the period. D.A. Davidson & CO.'s holdings in Starbucks were worth $18,755,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Financial Life Planners bought a new stake in Starbucks during the fourth quarter worth $25,000. Collier Financial acquired a new position in shares of Starbucks during the 4th quarter worth about $27,000. DT Investment Partners LLC raised its holdings in shares of Starbucks by 39.4% in the 3rd quarter. DT Investment Partners LLC now owns 428 shares of the coffee company's stock valued at $42,000 after purchasing an additional 121 shares during the period. FSA Wealth Management LLC bought a new stake in shares of Starbucks in the 3rd quarter valued at about $49,000. Finally, Hager Investment Management Services LLC acquired a new stake in Starbucks in the 4th quarter valued at about $56,000. Institutional investors and hedge funds own 72.29% of the company's stock.

Starbucks Price Performance

SBUX traded down $1.59 on Friday, hitting $111.75. 9,661,850 shares of the stock were exchanged, compared to its average volume of 9,790,830. The firm has a market capitalization of $126.94 billion, a price-to-earnings ratio of 36.05, a PEG ratio of 3.56 and a beta of 1.00. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $114.68. The business has a 50-day moving average of $99.72 and a two-hundred day moving average of $97.15.

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 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 quarter in the prior year, the firm posted $0.90 earnings per share. Equities research analysts expect that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on SBUX shares. Barclays upped their price objective on Starbucks from $119.00 to $124.00 and gave the company an "overweight" rating in a research note on Wednesday, January 29th. Wells Fargo & Company increased their price target on Starbucks from $110.00 to $115.00 and gave the company an "overweight" rating in a research note on Tuesday, November 26th. Redburn Atlantic reaffirmed a "sell" rating and set a $77.00 price objective (down from $84.00) on shares of Starbucks in a research report on Wednesday, November 13th. Stifel Nicolaus increased their price objective on shares of Starbucks from $110.00 to $114.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Finally, Citigroup raised their target price on shares of Starbucks from $96.00 to $99.00 and gave the stock a "neutral" rating in a research note on Thursday, October 31st. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $105.33.

About Starbucks

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.