Starbucks Co. (NASDAQ:SBUX) Shares Purchased by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. grew its stake in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 473,779 shares of the coffee company's stock after buying an additional 5,274 shares during the period. Royal London Asset Management Ltd.'s holdings in Starbucks were worth $43,232,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in SBUX. State Street Corp boosted its position in Starbucks by 1.0% during the third quarter. State Street Corp now owns 45,974,407 shares of the coffee company's stock worth $4,482,045,000 after acquiring an additional 437,218 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Starbucks by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 24,277,756 shares of the coffee company's stock worth $2,358,464,000 after purchasing an additional 333,004 shares during the period. FMR LLC boosted its holdings in shares of Starbucks by 55.0% during the third quarter. FMR LLC now owns 19,779,859 shares of the coffee company's stock worth $1,928,339,000 after purchasing an additional 7,015,375 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Starbucks by 100.6% in the third quarter. Wellington Management Group LLP now owns 15,149,937 shares of the coffee company's stock valued at $1,476,967,000 after purchasing an additional 7,598,146 shares during the period. Finally, Fisher Asset Management LLC lifted its position in Starbucks by 1.3% during the fourth quarter. Fisher Asset Management LLC now owns 11,916,777 shares of the coffee company's stock worth $1,087,406,000 after buying an additional 154,093 shares during the period. 72.29% of the stock is owned by institutional investors and hedge funds.

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Starbucks Trading Up 0.2 %

Starbucks stock traded up $0.16 during midday trading on Tuesday, hitting $95.88. The stock had a trading volume of 6,978,613 shares, compared to its average volume of 10,606,525. The business has a fifty day moving average price of $105.45 and a 200 day moving average price of $99.44. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $117.46. The stock has a market cap of $108.91 billion, a P/E ratio of 30.93, a P/E/G ratio of 3.59 and a beta of 0.99.

Starbucks (NASDAQ:SBUX - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) 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 in the previous year, the firm earned $0.90 EPS. On average, equities analysts anticipate that Starbucks Co. will post 2.99 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on SBUX shares. Wells Fargo & Company lifted their price target on Starbucks from $115.00 to $125.00 and gave the company an "overweight" rating in a report on Tuesday, February 25th. UBS Group lifted 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. Argus raised 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. Royal Bank of Canada reissued an "outperform" rating and set a $115.00 price target on shares of Starbucks in a research report on Friday, January 24th. Finally, Barclays lifted their price objective on Starbucks from $119.00 to $124.00 and gave the company 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 assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Starbucks presently has a consensus 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.