11,008 Shares in Starbucks Co. (NASDAQ:SBUX) Purchased by Millstone Evans Group LLC

Millstone Evans Group LLC bought a new stake in Starbucks Co. (NASDAQ:SBUX - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 11,008 shares of the coffee company's stock, valued at approximately $1,004,000. Starbucks comprises about 0.7% of Millstone Evans Group LLC's investment portfolio, making the stock its 27th largest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SBUX. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Starbucks by 2.9% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 49,215 shares of the coffee company's stock valued at $4,491,000 after purchasing an additional 1,396 shares in the last quarter. Douglass Winthrop Advisors LLC grew its stake in shares of Starbucks by 0.5% in the fourth quarter. Douglass Winthrop Advisors LLC now owns 29,166 shares of the coffee company's stock worth $2,661,000 after acquiring an additional 135 shares in the last quarter. Holderness Investments Co. increased its position in shares of Starbucks by 5.4% during the fourth quarter. Holderness Investments Co. now owns 3,792 shares of the coffee company's stock worth $346,000 after acquiring an additional 193 shares during the period. Whittier Trust Co. raised its stake in shares of Starbucks by 4.1% in the fourth quarter. Whittier Trust Co. now owns 74,531 shares of the coffee company's stock valued at $6,801,000 after acquiring an additional 2,962 shares in the last quarter. Finally, Blueshift Asset Management LLC purchased a new position in Starbucks in the fourth quarter valued at $849,000. Hedge funds and other institutional investors own 72.29% of the company's stock.

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Starbucks Trading Up 2.2 %

Shares of SBUX traded up $2.09 during mid-day trading on Wednesday, hitting $97.97. 9,559,283 shares of the company's stock were exchanged, compared to its average volume of 10,603,872. The firm has a market capitalization of $111.28 billion, a P/E ratio of 31.60, a P/E/G ratio of 3.59 and a beta of 0.99. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $117.46. The business's 50 day moving average is $105.51 and its two-hundred day moving average is $99.48.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, topping 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 quarter in the previous year, the business posted $0.90 earnings per share. On average, equities research analysts forecast that Starbucks Co. will post 2.99 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on SBUX. Stifel Nicolaus increased their price target on Starbucks from $110.00 to $114.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Argus upgraded shares of Starbucks from a "hold" rating to a "buy" rating and set a $115.00 price target for the company in a research note on Tuesday, March 18th. BMO Capital Markets boosted their price target on shares of Starbucks from $110.00 to $115.00 and gave the stock an "outperform" rating in a report on Wednesday, January 29th. UBS Group raised their price objective on shares of Starbucks from $98.00 to $105.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Finally, Wedbush boosted their target price on shares of Starbucks from $95.00 to $100.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $106.12.

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.