KLCM Advisors Inc. Makes New Investment in Starbucks Co. (NASDAQ:SBUX)

KLCM Advisors Inc. acquired a new stake in Starbucks Co. (NASDAQ:SBUX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,218 shares of the coffee company's stock, valued at approximately $294,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Financial Life Planners acquired a new stake in shares of Starbucks in the 4th quarter worth $25,000. Collier Financial acquired a new stake in shares of Starbucks in the 4th quarter worth $27,000. DT Investment Partners LLC increased its stake in shares of Starbucks by 39.4% in the 3rd quarter. DT Investment Partners LLC now owns 428 shares of the coffee company's stock worth $42,000 after acquiring an additional 121 shares during the last quarter. FSA Wealth Management LLC acquired a new stake in shares of Starbucks in the 3rd quarter worth $49,000. Finally, Friedenthal Financial acquired a new stake in shares of Starbucks in the 3rd quarter worth $50,000. Hedge funds and other institutional investors own 72.29% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on SBUX. Barclays raised their target price on Starbucks from $119.00 to $124.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 29th. Stifel Nicolaus raised their price objective on Starbucks from $110.00 to $114.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Redburn Atlantic reissued a "sell" rating and set a $77.00 price objective (down from $84.00) on shares of Starbucks in a research report on Wednesday, November 13th. UBS Group raised their price objective on Starbucks from $98.00 to $105.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Finally, BMO Capital Markets raised their price objective on Starbucks from $110.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 29th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $105.33.

Starbucks Price Performance

Shares of NASDAQ:SBUX traded down $0.35 during trading on Wednesday, reaching $112.69. The company had a trading volume of 4,050,137 shares, compared to its average volume of 9,760,663. The firm has a market capitalization of $128.00 billion, a price-to-earnings ratio of 36.35, a price-to-earnings-growth ratio of 3.55 and a beta of 1.00. The stock's fifty day moving average price is $98.85 and its 200 day moving average price is $96.66. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $113.47.

Starbucks (NASDAQ:SBUX - Get Free Report) last released its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company earned $0.90 EPS. On average, equities analysts anticipate that Starbucks Co. will post 3 EPS for the current fiscal year.

Insider Activity

In other Starbucks news, CFO Rachel Ruggeri sold 1,491 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $99.54, for a total value of $148,414.14. Following the completion of the transaction, the chief financial officer now owns 80,124 shares in the company, valued at approximately $7,975,542.96. This represents a 1.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.09% of the company's stock.

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.