Markel Group Inc. Buys 17,000 Shares of Starbucks Co. (NASDAQ:SBUX)

Markel Group Inc. grew its stake in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 617,318 shares of the coffee company's stock after buying an additional 17,000 shares during the quarter. Markel Group Inc. owned 0.05% of Starbucks worth $56,330,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of SBUX. State Street Corp boosted its position in Starbucks by 1.0% during the 3rd quarter. State Street Corp now owns 45,974,407 shares of the coffee company's stock valued at $4,482,045,000 after acquiring an additional 437,218 shares in the last quarter. Geode Capital Management LLC boosted its position in Starbucks by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 24,277,756 shares of the coffee company's stock valued at $2,358,464,000 after acquiring an additional 333,004 shares in the last quarter. FMR LLC boosted its position in Starbucks by 55.0% during the 3rd quarter. FMR LLC now owns 19,779,859 shares of the coffee company's stock valued at $1,928,339,000 after acquiring an additional 7,015,375 shares in the last quarter. Wellington Management Group LLP boosted its position in Starbucks by 100.6% during the 3rd quarter. Wellington Management Group LLP now owns 15,149,937 shares of the coffee company's stock valued at $1,476,967,000 after acquiring an additional 7,598,146 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its position in Starbucks by 1.3% during the 4th quarter. Fisher Asset Management LLC now owns 11,916,777 shares of the coffee company's stock valued at $1,087,406,000 after acquiring an additional 154,093 shares in the last quarter. 72.29% of the stock is owned by institutional investors.

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Starbucks Trading Down 1.5 %

Starbucks stock traded down $1.55 during mid-day trading on Tuesday, hitting $99.58. The stock had a trading volume of 10,660,794 shares, compared to its average volume of 10,627,223. The firm has a market capitalization of $113.11 billion, a P/E ratio of 32.12, a P/E/G ratio of 3.59 and a beta of 0.99. The firm's 50 day moving average is $104.48 and its 200 day moving average is $99.23. Starbucks Co. has a one year low of $71.55 and a one year high of $117.46.

Starbucks (NASDAQ:SBUX - Get Free Report) last announced 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 period in the previous year, the company posted $0.90 EPS. As a group, equities research analysts forecast that Starbucks Co. will post 2.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SBUX shares. TD Cowen reiterated a "buy" rating and set a $110.00 target price on shares of Starbucks in a report on Monday, November 11th. Redburn Atlantic reiterated a "sell" rating and set a $77.00 target price (down from $84.00) on shares of Starbucks in a report on Wednesday, November 13th. BMO Capital Markets lifted their target price on shares of Starbucks from $110.00 to $115.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th. Royal Bank of Canada reiterated an "outperform" rating and set a $115.00 target price on shares of Starbucks in a report on Friday, January 24th. Finally, Stifel Nicolaus lifted their target price on shares of Starbucks from $110.00 to $114.00 and gave the company a "buy" rating in a report on Monday, January 27th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $105.75.

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.