Global Retirement Partners LLC Grows Stake in Starbucks Co. (NASDAQ:SBUX)

Global Retirement Partners LLC grew its stake in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 10.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 51,350 shares of the coffee company's stock after purchasing an additional 4,667 shares during the period. Global Retirement Partners LLC's holdings in Starbucks were worth $4,686,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Strategic Financial Concepts LLC purchased a new stake in shares of Starbucks during the 4th quarter valued at $62,000. Dakota Wealth Management grew its position in shares of Starbucks by 0.5% during the 3rd quarter. Dakota Wealth Management now owns 55,793 shares of the coffee company's stock valued at $5,439,000 after acquiring an additional 300 shares during the period. Weil Company Inc. increased its stake in shares of Starbucks by 31.2% during the 3rd quarter. Weil Company Inc. now owns 34,580 shares of the coffee company's stock worth $3,371,000 after purchasing an additional 8,222 shares during the last quarter. Maia Wealth LLC raised its holdings in shares of Starbucks by 69.1% in the 3rd quarter. Maia Wealth LLC now owns 18,582 shares of the coffee company's stock worth $1,805,000 after purchasing an additional 7,596 shares during the period. Finally, Investment Management Corp of Ontario lifted its stake in Starbucks by 48.6% in 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 purchasing an additional 12,300 shares during the last quarter. Institutional investors own 72.29% of the company's stock.

Starbucks Stock Down 1.2 %

Shares of NASDAQ SBUX traded down $1.36 during mid-day trading on Friday, reaching $111.98. 5,400,099 shares of the company were exchanged, compared to its average volume of 9,654,438. The stock has a market capitalization of $127.20 billion, a PE ratio of 36.15, a PEG ratio of 3.56 and a beta of 1.00. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $114.68. The company's 50 day moving average price is $99.44 and its 200 day moving average price is $96.89.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted its quarterly 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 firm earned $0.90 EPS. On average, sell-side analysts predict that Starbucks Co. will post 2.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SBUX. UBS Group boosted their target price on Starbucks from $98.00 to $105.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. 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. Redburn Atlantic reiterated a "sell" rating and set a $77.00 target price (down previously from $84.00) on shares of Starbucks in a research report on Wednesday, November 13th. Barclays lifted their target price on shares of Starbucks from $119.00 to $124.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 29th. Finally, BMO Capital Markets raised their price objective on shares of Starbucks from $110.00 to $115.00 and gave the stock an "outperform" rating in a report on Wednesday, January 29th. 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $105.33.

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.