UniSuper Management Pty Ltd Grows Position in Starbucks Co. (NASDAQ:SBUX)

UniSuper Management Pty Ltd lifted its stake in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 384,906 shares of the coffee company's stock after purchasing an additional 16,032 shares during the period. UniSuper Management Pty Ltd's holdings in Starbucks were worth $35,123,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of SBUX. Quest Partners LLC purchased a new position in shares of Starbucks in the third quarter worth about $115,000. The Manufacturers Life Insurance Company raised its holdings in Starbucks by 19.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,181,179 shares of the coffee company's stock valued at $212,643,000 after acquiring an additional 357,046 shares during the last quarter. FMR LLC lifted its stake in Starbucks by 55.0% in the 3rd 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 in the last quarter. Avestar Capital LLC grew its position in shares of Starbucks by 20.3% in the third quarter. Avestar Capital LLC now owns 7,646 shares of the coffee company's stock valued at $745,000 after purchasing an additional 1,292 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. increased its holdings in shares of Starbucks by 25.6% in the third quarter. Transamerica Financial Advisors Inc. now owns 7,667 shares of the coffee company's stock valued at $748,000 after purchasing an additional 1,562 shares during the last quarter. Institutional investors and hedge funds own 72.29% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on SBUX shares. Stifel Nicolaus boosted their price objective on Starbucks from $110.00 to $114.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Wedbush upped their price objective on shares of Starbucks from $95.00 to $100.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Barclays lifted their target price on shares of Starbucks from $119.00 to $124.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 29th. Royal Bank of Canada reissued an "outperform" rating and set a $115.00 target price on shares of Starbucks in a research note on Friday, January 24th. Finally, UBS Group boosted their price objective on shares of Starbucks from $98.00 to $105.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $106.12.

Starbucks Price Performance

NASDAQ:SBUX traded down $1.12 on Friday, reaching $97.73. The stock had a trading volume of 8,065,958 shares, compared to its average volume of 11,113,862. The company has a market cap of $111.01 billion, a price-to-earnings ratio of 31.53, a P/E/G ratio of 3.59 and a beta of 0.99. Starbucks Co. has a 12-month low of $71.55 and a 12-month high of $117.46. The firm's fifty day moving average is $105.75 and its two-hundred day moving average is $99.54.

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, beating 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 business earned $0.90 EPS. As a group, research analysts forecast that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

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.