Starbucks Co. (NASDAQ:SBUX) Shares Bought by iA Global Asset Management Inc.

iA Global Asset Management Inc. raised its position in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 62.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 200,247 shares of the coffee company's stock after acquiring an additional 76,910 shares during the period. iA Global Asset Management Inc.'s holdings in Starbucks were worth $18,273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of SBUX. Financial Life Planners bought a new position in Starbucks during the fourth quarter valued at $25,000. Collier Financial bought a new position in shares of Starbucks in the 4th quarter valued at about $27,000. Marshall Investment Management LLC purchased a new position in Starbucks in the fourth quarter worth about $30,000. Noble Wealth Management PBC bought a new stake in Starbucks during the fourth quarter worth approximately $30,000. Finally, Centricity Wealth Management LLC purchased a new stake in Starbucks during the fourth quarter valued at approximately $36,000. 72.29% of the stock is currently owned by institutional investors.

Starbucks Trading Down 1.4 %

Shares of NASDAQ:SBUX traded down $1.35 on Monday, reaching $95.72. The company had a trading volume of 8,258,116 shares, compared to its average volume of 10,607,253. The firm has a market capitalization of $108.73 billion, a PE ratio of 30.88, a PEG ratio of 3.59 and a beta of 0.99. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $117.46. The firm's 50 day simple moving average is $105.45 and its 200-day simple moving average is $99.44.

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Starbucks (NASDAQ:SBUX - Get Free Report) last posted its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, beating 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 period last year, the firm earned $0.90 EPS. As a group, equities research analysts predict that Starbucks Co. will post 2.99 earnings per share for the current year.

Analysts Set New Price Targets

SBUX has been the subject of a number of recent research reports. Barclays lifted their target price on Starbucks from $119.00 to $124.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. UBS Group lifted their price objective on shares of Starbucks from $98.00 to $105.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. Royal Bank of Canada reissued an "outperform" rating and issued a $115.00 target price on shares of Starbucks in a research note on Friday, January 24th. Stifel Nicolaus raised their target price on shares of Starbucks from $110.00 to $114.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Finally, Wells Fargo & Company increased their price objective on shares of Starbucks from $115.00 to $125.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 25th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target 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.