Summitry LLC Acquires 14,955 Shares of Starbucks Co. (NASDAQ:SBUX)

Summitry LLC lifted its stake in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 2.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 544,407 shares of the coffee company's stock after purchasing an additional 14,955 shares during the period. Starbucks accounts for 2.4% of Summitry LLC's holdings, making the stock its 17th biggest position. Summitry LLC's holdings in Starbucks were worth $49,677,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in SBUX. Wintrust Investments LLC raised its holdings in shares of Starbucks by 7.1% during the 4th quarter. Wintrust Investments LLC now owns 1,411 shares of the coffee company's stock valued at $128,000 after buying an additional 94 shares in the last quarter. Kuhn & Co Investment Counsel raised its holdings 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 in the last quarter. Wellington Shields & Co. LLC lifted its position in shares of Starbucks by 8.6% in the 4th quarter. Wellington Shields & Co. LLC now owns 1,265 shares of the coffee company's stock worth $115,000 after purchasing an additional 100 shares during the period. Mystic Asset Management Inc. boosted its position in Starbucks by 3.9% during the 4th quarter. Mystic Asset Management Inc. now owns 2,665 shares of the coffee company's stock valued at $243,000 after acquiring an additional 101 shares in the last quarter. Finally, Jmac Enterprises LLC raised its holdings in Starbucks by 1.0% in the fourth quarter. Jmac Enterprises LLC now owns 9,995 shares of the coffee company's stock worth $912,000 after purchasing an additional 103 shares in the last quarter. Institutional investors and hedge funds own 72.29% of the company's stock.

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Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SBUX. UBS Group lifted their target price on shares of Starbucks from $98.00 to $105.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Stifel Nicolaus upped their target price on shares of Starbucks from $110.00 to $114.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Barclays raised their price target on shares of Starbucks from $119.00 to $124.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. Wells Fargo & Company raised their price target on shares of Starbucks from $115.00 to $125.00 and gave the company an "overweight" rating in a report on Tuesday, February 25th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $115.00 target price on shares of Starbucks in a research report on Friday, January 24th. Three analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Starbucks has a consensus rating of "Moderate Buy" and an average price target of $106.12.

Starbucks Trading Down 1.1 %

Shares of SBUX stock traded down $1.12 on Friday, reaching $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 company has a market capitalization of $111.01 billion, a price-to-earnings ratio of 31.53, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99. The stock's fifty day simple moving average is $105.75 and its 200-day simple moving average is $99.54. 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 released 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 negative return on equity of 44.97% and a net margin of 9.73%. During the same quarter in the prior year, the company posted $0.90 EPS. Equities research analysts forecast that Starbucks Co. will post 2.99 earnings per share for the current year.

Starbucks Company 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.