Starbucks Co. (NASDAQ:SBUX) Shares Bought by NEOS Investment Management LLC

NEOS Investment Management LLC grew its stake in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 25.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 148,056 shares of the coffee company's stock after acquiring an additional 29,690 shares during the quarter. NEOS Investment Management LLC's holdings in Starbucks were worth $13,510,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of SBUX. Financial Life Planners purchased a new stake in Starbucks during the fourth quarter valued at approximately $25,000. Graney & King LLC bought a new position in shares of Starbucks during the 4th quarter valued at approximately $26,000. Collier Financial purchased a new position in Starbucks during the fourth quarter valued at approximately $27,000. Runnymede Capital Advisors Inc. bought a new position in shares of Starbucks in the fourth quarter worth approximately $27,000. Finally, Marshall Investment Management LLC bought a new stake in shares of Starbucks during the 4th quarter valued at $30,000. 72.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on SBUX. Argus raised Starbucks from a "hold" rating to a "buy" rating and set a $115.00 price target on the stock in a report on Tuesday, March 18th. Barclays boosted their target price on shares of Starbucks from $119.00 to $124.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. Wells Fargo & Company increased their price target on shares of Starbucks from $115.00 to $125.00 and gave the company an "overweight" rating in a report on Tuesday, February 25th. BMO Capital Markets boosted their price objective on Starbucks from $110.00 to $115.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 29th. Finally, Stifel Nicolaus lifted their target price on Starbucks from $110.00 to $114.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Starbucks has a consensus rating of "Moderate Buy" and a consensus price target of $106.12.

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Starbucks Trading Down 0.1 %

Starbucks stock traded down $0.10 during mid-day trading on Monday, hitting $97.63. The company had a trading volume of 3,888,504 shares, compared to its average volume of 9,758,641. The company has a market capitalization of $110.90 billion, a price-to-earnings ratio of 31.49, a P/E/G ratio of 3.59 and a beta of 0.99. Starbucks Co. has a 12-month low of $71.55 and a 12-month high of $117.46. The company's fifty day moving average is $105.75 and its 200-day moving average is $99.55.

Starbucks (NASDAQ:SBUX - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, beating 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 quarter last year, the firm earned $0.90 EPS. As a group, sell-side analysts expect that Starbucks Co. will post 2.99 EPS for the current fiscal year.

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.