Segall Bryant & Hamill LLC lifted its position in Starbucks Co. (NASDAQ:SBUX - Free Report) by 15.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,272 shares of the coffee company's stock after buying an additional 13,683 shares during the quarter. Segall Bryant & Hamill LLC's holdings in Starbucks were worth $9,515,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SBUX. CoreFirst Bank & Trust bought a new position in Starbucks during the fourth quarter worth about $320,000. Congress Wealth Management LLC DE boosted its stake in shares of Starbucks by 16.2% during the 4th quarter. Congress Wealth Management LLC DE now owns 17,230 shares of the coffee company's stock worth $1,572,000 after acquiring an additional 2,406 shares during the period. Twin City Private Wealth LLC increased its holdings in shares of Starbucks by 5.5% during the 4th quarter. Twin City Private Wealth LLC now owns 27,214 shares of the coffee company's stock worth $2,483,000 after acquiring an additional 1,420 shares during the last quarter. Mountain Hill Investment Partners Corp. bought a new stake in Starbucks in the 4th quarter valued at $73,000. Finally, Vanguard Group Inc. lifted its holdings in Starbucks by 0.7% during 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. 72.29% of the stock is owned by institutional investors.
Starbucks Stock Performance
Shares of Starbucks stock traded down $1.12 during midday trading on Friday, hitting $97.73. 8,065,958 shares of the company traded hands, compared to its average volume of 11,113,862. 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. The firm's fifty day moving average price is $105.75 and its 200-day moving average price is $99.54. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $117.46.
Starbucks (NASDAQ:SBUX - Get Free Report) last announced its quarterly earnings results 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 net margin of 9.73% and a negative return on equity of 44.97%. During the same quarter in the prior year, the firm earned $0.90 earnings per share. Equities research analysts forecast that Starbucks Co. will post 2.99 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on SBUX. UBS Group increased their price objective on shares of Starbucks from $98.00 to $105.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Stifel Nicolaus increased their price target on shares of Starbucks from $110.00 to $114.00 and gave the company a "buy" rating in a report on Monday, January 27th. Wells Fargo & Company boosted their price objective on Starbucks from $115.00 to $125.00 and gave the stock an "overweight" rating in a report on Tuesday, February 25th. Argus upgraded Starbucks from a "hold" rating to a "buy" rating and set a $115.00 target price on the stock in a research note on Tuesday, March 18th. Finally, Barclays boosted their price target 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 issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $106.12.
View Our Latest Research Report on SBUX
Starbucks Profile
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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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