Daiwa Securities Group Inc. grew its holdings in Starbucks Co. (NASDAQ:SBUX - Free Report) by 4.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 235,919 shares of the coffee company's stock after acquiring an additional 10,229 shares during the period. Daiwa Securities Group Inc.'s holdings in Starbucks were worth $21,528,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also made changes to their positions in SBUX. State Street Corp boosted its holdings in shares of Starbucks by 1.0% in the third quarter. State Street Corp now owns 45,974,407 shares of the coffee company's stock valued at $4,482,045,000 after purchasing an additional 437,218 shares during the period. Geode Capital Management LLC lifted its holdings in Starbucks by 1.4% during the third quarter. Geode Capital Management LLC now owns 24,277,756 shares of the coffee company's stock worth $2,358,464,000 after buying an additional 333,004 shares during the period. FMR LLC lifted its holdings in Starbucks by 55.0% during the third quarter. FMR LLC now owns 19,779,859 shares of the coffee company's stock worth $1,928,339,000 after buying an additional 7,015,375 shares during the period. Wellington Management Group LLP lifted its holdings in Starbucks by 100.6% during the third quarter. Wellington Management Group LLP now owns 15,149,937 shares of the coffee company's stock worth $1,476,967,000 after buying an additional 7,598,146 shares during the period. Finally, Fisher Asset Management LLC lifted its holdings in Starbucks by 1.3% during the fourth quarter. Fisher Asset Management LLC now owns 11,916,777 shares of the coffee company's stock worth $1,087,406,000 after buying an additional 154,093 shares during the period. 72.29% of the stock is currently owned by hedge funds and other institutional investors.
Starbucks Stock Performance
Shares of Starbucks stock traded down $1.29 during trading hours on Wednesday, reaching $98.29. 4,831,359 shares of the company were exchanged, compared to its average volume of 10,603,687. Starbucks Co. has a 1 year low of $71.55 and a 1 year high of $117.46. The stock's fifty day moving average is $104.48 and its 200 day moving average is $99.23. The firm has a market cap of $111.65 billion, a PE ratio of 31.64, a PEG ratio of 3.59 and a beta of 0.99.
Starbucks (NASDAQ:SBUX - Get Free Report) last issued its 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 quarter in the prior year, the company earned $0.90 earnings per share. Research analysts expect that Starbucks Co. will post 2.99 earnings per share for the current year.
Analyst Ratings Changes
A number of research firms have weighed in on SBUX. Stifel Nicolaus upped their target price on Starbucks from $110.00 to $114.00 and gave the stock a "buy" rating in a report on Monday, January 27th. BMO Capital Markets increased their price objective on Starbucks from $110.00 to $115.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th. Wedbush increased their price objective on Starbucks from $95.00 to $100.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. UBS Group increased their price objective on Starbucks from $98.00 to $105.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Finally, Wells Fargo & Company increased their price objective on Starbucks from $115.00 to $125.00 and gave the company an "overweight" rating in a report on Tuesday, February 25th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $105.75.
Read Our Latest Analysis on SBUX
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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