MSA Advisors LLC Has $31.78 Million Stake in Starbucks Co. (NASDAQ:SBUX)

MSA Advisors LLC lowered its stake in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 1.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 348,257 shares of the coffee company's stock after selling 6,550 shares during the quarter. Starbucks comprises 7.9% of MSA Advisors LLC's portfolio, making the stock its 3rd largest position. MSA Advisors LLC's holdings in Starbucks were worth $31,778,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of SBUX. AssuredPartners Investment Advisors LLC bought a new position in shares of Starbucks in the 4th quarter worth about $2,438,000. NEOS Investment Management LLC increased its stake in shares of Starbucks by 25.1% during the fourth quarter. NEOS Investment Management LLC now owns 148,056 shares of the coffee company's stock valued at $13,510,000 after purchasing an additional 29,690 shares in the last quarter. UniSuper Management Pty Ltd lifted its holdings in shares of Starbucks by 4.3% during the fourth quarter. UniSuper Management Pty Ltd now owns 384,906 shares of the coffee company's stock valued at $35,123,000 after purchasing an additional 16,032 shares during the last quarter. WINTON GROUP Ltd boosted its position in shares of Starbucks by 187.1% in the 4th quarter. WINTON GROUP Ltd now owns 149,025 shares of the coffee company's stock worth $13,599,000 after purchasing an additional 97,117 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Starbucks by 9.1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,949,296 shares of the coffee company's stock worth $180,466,000 after buying an additional 162,897 shares during the last quarter. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. BMO Capital Markets boosted their target price on Starbucks from $110.00 to $115.00 and gave the stock an "outperform" rating in a report on Wednesday, January 29th. Stifel Nicolaus upped their price target on shares of Starbucks from $110.00 to $114.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Argus raised shares of Starbucks from a "hold" rating to a "buy" rating and set a $115.00 target price for the company in a report on Tuesday, March 18th. UBS Group increased their price target 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, Wells Fargo & Company boosted 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. Three 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $106.12.

Starbucks Stock Performance

Shares of Starbucks stock traded down $0.11 on Monday, hitting $97.62. 4,147,074 shares of the company traded hands, compared to its average volume of 11,086,622. The business has a 50-day simple moving average of $105.75 and a 200 day simple moving average of $99.55. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $117.46. The stock has a market capitalization of $110.88 billion, a P/E ratio of 31.51, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99.

Starbucks (NASDAQ:SBUX - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share 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 quarter in the previous year, the firm posted $0.90 earnings per share. Research analysts expect that Starbucks Co. will post 2.99 earnings per share for the current 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.