Starbucks Co. (NASDAQ:SBUX) Shares Bought by Financial Engines Advisors L.L.C.

Financial Engines Advisors L.L.C. grew its position in Starbucks Co. (NASDAQ:SBUX - Free Report) by 23.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,851 shares of the coffee company's stock after buying an additional 3,771 shares during the period. Financial Engines Advisors L.L.C.'s holdings in Starbucks were worth $1,811,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of SBUX. Strategic Financial Concepts LLC acquired a new position in shares of Starbucks during the fourth quarter valued at about $62,000. Arizona State Retirement System increased its stake in Starbucks by 0.8% during the 4th quarter. Arizona State Retirement System now owns 327,459 shares of the coffee company's stock valued at $29,881,000 after purchasing an additional 2,722 shares in the last quarter. West Michigan Advisors LLC purchased a new position in shares of Starbucks in the fourth quarter worth $265,000. Wernau Asset Management Inc. acquired a new stake in shares of Starbucks during the fourth quarter worth $258,000. Finally, Investment Management Corp of Ontario grew its holdings in shares of Starbucks by 48.6% during the third quarter. Investment Management Corp of Ontario now owns 37,584 shares of the coffee company's stock valued at $3,664,000 after buying an additional 12,300 shares during the last quarter. 72.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on SBUX. Barclays boosted their price target on Starbucks from $119.00 to $124.00 and gave the company an "overweight" rating in a research note on Wednesday, January 29th. BMO Capital Markets upped their target price on Starbucks from $110.00 to $115.00 and gave the company an "outperform" rating in a research report on Wednesday, January 29th. UBS Group boosted their target price on shares of Starbucks from $98.00 to $105.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Argus upgraded Starbucks from a "hold" rating to a "buy" rating and set a $115.00 price target for the company in a research report on Tuesday, March 18th. Finally, Wedbush upped their price objective on shares of Starbucks from $95.00 to $100.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has given 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.

Remove Ads

Starbucks Price Performance

Shares of SBUX traded down $1.12 during midday trading on Friday, reaching $97.73. The stock had a trading volume of 8,065,958 shares, compared to its average volume of 11,113,862. The company has a market cap of $111.01 billion, a price-to-earnings ratio of 31.53, a PEG ratio of 3.59 and a beta of 0.99. The company's fifty day simple moving average is $105.75 and its two-hundred day simple moving average is $99.54. 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 released its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (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 in the previous year, the company posted $0.90 earnings per share. On average, sell-side analysts forecast that Starbucks Co. will post 2.99 earnings per share for the current year.

Starbucks Company 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.