Heritage Wealth Management Inc. CA Has $364,000 Holdings in Starbucks Co. (NASDAQ:SBUX)

Heritage Wealth Management Inc. CA boosted its position in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 644.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,991 shares of the coffee company's stock after purchasing an additional 3,455 shares during the period. Heritage Wealth Management Inc. CA's holdings in Starbucks were worth $364,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SBUX. Financial Life Planners acquired a new stake in shares of Starbucks in the 4th quarter valued at $25,000. Collier Financial bought a new position in Starbucks during the fourth quarter valued at about $27,000. Runnymede Capital Advisors Inc. acquired a new stake in shares of Starbucks in the fourth quarter worth about $27,000. Marshall Investment Management LLC bought a new stake in shares of Starbucks during the 4th quarter worth about $30,000. Finally, Noble Wealth Management PBC acquired a new position in shares of Starbucks during the 4th quarter valued at about $30,000. Hedge funds and other institutional investors own 72.29% of the company's stock.

Starbucks Stock Performance

SBUX traded down $1.12 during midday trading on Friday, reaching $97.73. 8,065,958 shares of the company were exchanged, compared to its average volume of 11,113,862. The stock has a market capitalization of $111.01 billion, a P/E ratio of 31.53, a PEG ratio of 3.59 and a beta of 0.99. Starbucks Co. has a one year low of $71.55 and a one year high of $117.46. The stock's 50-day simple moving average is $105.75 and its 200 day simple moving average is $99.54.

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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 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 last year, the business posted $0.90 EPS. On average, research analysts anticipate that Starbucks Co. will post 2.99 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Argus raised Starbucks from a "hold" rating to a "buy" rating and set a $115.00 target price for the company in a research report on Tuesday, March 18th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $115.00 price objective on shares of Starbucks in a report on Friday, January 24th. Barclays lifted their target price on shares of Starbucks from $119.00 to $124.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. BMO Capital Markets upped their price target on shares of Starbucks from $110.00 to $115.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th. Finally, UBS Group lifted their price objective on Starbucks from $98.00 to $105.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $106.12.

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.