4,550 Shares in Starbucks Co. (NASDAQ:SBUX) Purchased by Potentia Wealth

Potentia Wealth acquired a new stake in Starbucks Co. (NASDAQ:SBUX - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 4,550 shares of the coffee company's stock, valued at approximately $415,000.

Several other large investors have also modified their holdings of the company. Financial Life Planners acquired a new position in Starbucks in the fourth quarter valued at $25,000. Collier Financial acquired a new stake in Starbucks during the 4th quarter worth approximately $27,000. Runnymede Capital Advisors Inc. purchased a new stake in shares of Starbucks during the fourth quarter worth approximately $27,000. Marshall Investment Management LLC purchased a new position in Starbucks during the 4th quarter worth $30,000. Finally, Noble Wealth Management PBC purchased a new stake in shares of Starbucks in the fourth quarter valued at about $30,000. 72.29% of the stock is owned by institutional investors and hedge funds.

Starbucks Price Performance

SBUX stock traded down $1.12 during midday trading on Friday, reaching $97.73. 8,065,958 shares of the company's stock traded hands, compared to its average volume of 11,113,862. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $117.46. The business has a 50-day moving average price of $105.75 and a two-hundred day moving average price of $99.54. The company has a market capitalization of $111.01 billion, a P/E ratio of 31.53, a PEG ratio of 3.59 and a beta of 0.99.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted its 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 net margin of 9.73% and a negative return on equity of 44.97%. During the same quarter last year, the business posted $0.90 EPS. As a group, research analysts forecast that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

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Analyst Upgrades and Downgrades

Several equities research analysts have commented on SBUX shares. Wedbush upped their price target 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. Argus upgraded shares of Starbucks from a "hold" rating to a "buy" rating and set a $115.00 target price on the stock in a research report on Tuesday, March 18th. BMO Capital Markets boosted their price target on Starbucks from $110.00 to $115.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 29th. Wells Fargo & Company raised their price objective on Starbucks from $115.00 to $125.00 and gave the company an "overweight" rating in a research note on Tuesday, February 25th. Finally, Barclays lifted their price target on Starbucks from $119.00 to $124.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 29th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Starbucks presently has an average rating of "Moderate Buy" and a consensus price target of $106.12.

Starbucks 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.