WINTON GROUP Ltd lifted its holdings in Starbucks Co. (NASDAQ:SBUX - Free Report) by 187.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 149,025 shares of the coffee company's stock after purchasing an additional 97,117 shares during the quarter. Starbucks accounts for approximately 0.9% of WINTON GROUP Ltd's investment portfolio, making the stock its 18th largest position. WINTON GROUP Ltd's holdings in Starbucks were worth $13,599,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Starbucks by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 111,106,209 shares of the coffee company's stock valued at $10,138,442,000 after purchasing an additional 784,432 shares during the last quarter. State Street Corp raised its holdings in Starbucks by 1.0% during the 3rd quarter. State Street Corp now owns 45,974,407 shares of the coffee company's stock valued at $4,482,045,000 after buying an additional 437,218 shares during the period. Geode Capital Management LLC lifted its position in Starbucks by 1.4% in the third quarter. Geode Capital Management LLC now owns 24,277,756 shares of the coffee company's stock worth $2,358,464,000 after buying an additional 333,004 shares during the last quarter. FMR LLC boosted its stake in 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 buying an additional 7,015,375 shares during the period. Finally, Wellington Management Group LLP increased its position in Starbucks by 100.6% during 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 acquiring an additional 7,598,146 shares during the last quarter. Institutional investors own 72.29% of the company's stock.
Starbucks Price Performance
NASDAQ:SBUX traded down $1.12 during mid-day trading on Friday, hitting $97.73. The company's stock had a trading volume of 8,065,958 shares, compared to its average volume of 11,113,862. The business's fifty day moving average is $105.75 and its two-hundred day moving average is $99.54. The stock has a market cap of $111.01 billion, a price-to-earnings ratio of 31.53, a PEG ratio of 3.59 and a beta of 0.99. Starbucks Co. has a 1 year low of $71.55 and a 1 year high of $117.46.
Starbucks (NASDAQ:SBUX - Get Free Report) last issued its 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 negative return on equity of 44.97% and a net margin of 9.73%. During the same period in the prior year, the business earned $0.90 EPS. Analysts anticipate that Starbucks Co. will post 2.99 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the stock. Wedbush lifted 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. UBS Group upped their target price on Starbucks from $98.00 to $105.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Wells Fargo & Company raised their price target on Starbucks from $115.00 to $125.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 25th. Argus raised Starbucks from a "hold" rating to a "buy" rating and set a $115.00 price objective on the stock in a research report on Tuesday, March 18th. Finally, Barclays lifted their target price on Starbucks from $119.00 to $124.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $106.12.
View Our Latest Stock Analysis on Starbucks
About Starbucks
(
Free Report)
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.
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