Northwest & Ethical Investments L.P. Has $3.37 Million Position in Starbucks Co. (NASDAQ:SBUX)

Northwest & Ethical Investments L.P. lessened its position in Starbucks Co. (NASDAQ:SBUX - Free Report) by 14.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,957 shares of the coffee company's stock after selling 6,427 shares during the period. Northwest & Ethical Investments L.P.'s holdings in Starbucks were worth $3,372,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Quest Partners LLC bought a new stake in shares of Starbucks in the third quarter worth about $115,000. Prospera Private Wealth LLC acquired a new position in Starbucks during the third quarter worth $307,000. Segall Bryant & Hamill LLC bought a new position in Starbucks in the third quarter valued at $8,832,000. Strategy Asset Managers LLC increased its stake in Starbucks by 18.8% in the 3rd quarter. Strategy Asset Managers LLC now owns 5,856 shares of the coffee company's stock valued at $571,000 after buying an additional 927 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Starbucks during the 3rd quarter worth about $7,675,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Starbucks Trading Up 0.2 %

SBUX traded up $0.16 on Tuesday, reaching $95.88. The stock had a trading volume of 6,978,613 shares, compared to its average volume of 10,606,525. The firm has a 50-day moving average of $105.45 and a 200-day moving average of $99.44. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $117.46. The company has a market capitalization of $108.91 billion, a price-to-earnings ratio of 30.93, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99.

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Starbucks (NASDAQ:SBUX - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, topping analysts' consensus estimates 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. Sell-side analysts anticipate that Starbucks Co. will post 2.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SBUX has been the subject of several recent research reports. Wells Fargo & Company increased their price target on Starbucks from $115.00 to $125.00 and gave the company an "overweight" rating in a research report on Tuesday, February 25th. Argus upgraded Starbucks from a "hold" rating to a "buy" rating and set a $115.00 price objective for the company in a report on Tuesday, March 18th. Stifel Nicolaus increased their target price on Starbucks from $110.00 to $114.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Royal Bank of Canada restated an "outperform" rating and issued a $115.00 price target on shares of Starbucks in a research note on Friday, January 24th. Finally, BMO Capital Markets upped their price objective on Starbucks from $110.00 to $115.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $106.12.

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.