New York State Common Retirement Fund Grows Stock Position in Starbucks Co. (NASDAQ:SBUX)

New York State Common Retirement Fund grew its holdings in Starbucks Co. (NASDAQ:SBUX - Free Report) by 1.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,726,892 shares of the coffee company's stock after buying an additional 21,100 shares during the period. New York State Common Retirement Fund owned 0.15% of Starbucks worth $157,579,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Kuhn & Co Investment Counsel increased its position in shares of Starbucks by 2.3% during the fourth quarter. Kuhn & Co Investment Counsel now owns 4,240 shares of the coffee company's stock valued at $387,000 after acquiring an additional 96 shares during the last quarter. Jmac Enterprises LLC increased its position in shares of Starbucks by 1.0% during the fourth quarter. Jmac Enterprises LLC now owns 9,995 shares of the coffee company's stock valued at $912,000 after acquiring an additional 103 shares during the last quarter. Aspire Capital Advisors LLC increased its position in shares of Starbucks by 0.5% during the fourth quarter. Aspire Capital Advisors LLC now owns 23,210 shares of the coffee company's stock valued at $2,118,000 after acquiring an additional 104 shares during the last quarter. Optas LLC increased its position in shares of Starbucks by 0.6% during the fourth quarter. Optas LLC now owns 16,711 shares of the coffee company's stock valued at $1,525,000 after acquiring an additional 105 shares during the last quarter. Finally, Boomfish Wealth Group LLC increased its position in shares of Starbucks by 0.7% during the fourth quarter. Boomfish Wealth Group LLC now owns 15,335 shares of the coffee company's stock valued at $1,399,000 after acquiring an additional 108 shares during the last quarter. 72.29% of the stock is owned by institutional investors and hedge funds.

Starbucks Stock Down 1.4 %

NASDAQ:SBUX traded down $1.59 during trading hours on Friday, hitting $111.75. 9,661,850 shares of the company's stock traded hands, compared to its average volume of 9,790,830. The firm has a market cap of $126.94 billion, a P/E ratio of 36.05, a P/E/G ratio of 3.56 and a beta of 1.00. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $114.68. The business's fifty day simple moving average is $99.44 and its two-hundred day simple moving average is $96.89.

Starbucks (NASDAQ:SBUX - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, beating 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 quarter in the prior year, the business earned $0.90 EPS. On average, analysts expect that Starbucks Co. will post 2.99 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Citigroup increased their price target on Starbucks from $96.00 to $99.00 and gave the company a "neutral" rating in a research report on Thursday, October 31st. Wells Fargo & Company raised their target price on Starbucks from $110.00 to $115.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 26th. Royal Bank of Canada reissued an "outperform" rating and issued a $115.00 target price on shares of Starbucks in a research report on Friday, January 24th. UBS Group raised their target price on Starbucks from $98.00 to $105.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Finally, Stifel Nicolaus raised their target price on Starbucks from $110.00 to $114.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Three analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $105.33.

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.