Starbucks Co. (NASDAQ:SBUX) Stake Boosted by Mizuho Securities USA LLC

Mizuho Securities USA LLC lifted its position in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 46.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,430 shares of the coffee company's stock after purchasing an additional 33,948 shares during the quarter. Mizuho Securities USA LLC's holdings in Starbucks were worth $9,803,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Quest Partners LLC acquired a new stake in shares of Starbucks in the third quarter valued at about $115,000. Segall Bryant & Hamill LLC acquired a new position in Starbucks in the third quarter valued at about $8,832,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Starbucks during the 3rd quarter worth approximately $7,675,000. LPL Financial LLC increased its holdings in Starbucks by 4.6% in the 3rd quarter. LPL Financial LLC now owns 1,948,686 shares of the coffee company's stock valued at $189,977,000 after purchasing an additional 85,255 shares during the last quarter. Finally, Integrated Investment Consultants LLC raised its position in Starbucks by 14.2% in the third quarter. Integrated Investment Consultants LLC now owns 3,691 shares of the coffee company's stock valued at $360,000 after purchasing an additional 460 shares during the period. Institutional investors and hedge funds own 72.29% of the company's stock.

Analysts Set New Price Targets

SBUX has been the topic of a number of recent research reports. Royal Bank of Canada restated an "outperform" rating and set a $115.00 target price on shares of Starbucks in a research note on Friday, January 24th. BMO Capital Markets upped their target price on shares of Starbucks from $110.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 29th. Wedbush lifted their price target on shares of Starbucks from $95.00 to $100.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. 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 report on Tuesday, February 25th. Finally, UBS Group increased their price objective on shares of Starbucks from $98.00 to $105.00 and gave the stock a "neutral" rating in a research report 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 issued a strong buy rating to the company's stock. According to MarketBeat, Starbucks presently has an average rating of "Moderate Buy" and an average target price of $106.12.

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Starbucks Price Performance

Shares of SBUX traded up $2.09 during mid-day trading on Wednesday, hitting $97.97. The company's stock had a trading volume of 9,559,283 shares, compared to its average volume of 10,621,459. The firm has a 50-day moving average price of $105.51 and a 200 day moving average price of $99.48. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $117.46. The stock has a market capitalization of $111.28 billion, a price-to-earnings ratio of 31.60, a PEG ratio of 3.59 and a beta of 0.99.

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 negative return on equity of 44.97% and a net margin of 9.73%. During the same quarter last year, the firm posted $0.90 earnings per share. As a group, equities analysts anticipate that Starbucks Co. will post 2.99 EPS for the current fiscal year.

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.