Starbucks Co. (NASDAQ:SBUX) Shares Bought by Venturi Wealth Management LLC

Venturi Wealth Management LLC increased its holdings in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 84.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,953 shares of the coffee company's stock after purchasing an additional 2,273 shares during the quarter. Venturi Wealth Management LLC's holdings in Starbucks were worth $452,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of SBUX. Financial Life Planners purchased a new position in shares of Starbucks during the fourth quarter worth $25,000. Collier Financial acquired a new position in Starbucks during the 4th quarter worth about $27,000. DT Investment Partners LLC boosted its holdings in Starbucks by 39.4% during the 3rd quarter. DT Investment Partners LLC now owns 428 shares of the coffee company's stock valued at $42,000 after acquiring an additional 121 shares during the period. FSA Wealth Management LLC acquired a new position in Starbucks in the 3rd quarter valued at about $49,000. Finally, Hager Investment Management Services LLC purchased a new stake in Starbucks during the fourth quarter worth about $56,000. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on SBUX. Redburn Atlantic reissued a "sell" rating and issued a $77.00 price objective (down previously from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. TD Cowen reissued a "buy" rating and issued a $110.00 price target on shares of Starbucks in a research report on Monday, November 11th. BMO Capital Markets upped their price objective on Starbucks from $110.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 29th. Stifel Nicolaus boosted their target price on Starbucks from $110.00 to $114.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Finally, Wells Fargo & Company boosted their price objective on Starbucks from $110.00 to $115.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 26th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $105.33.

Starbucks Stock Performance

Starbucks stock traded down $0.37 during midday trading on Friday, hitting $112.97. 4,913,324 shares of the company's stock were exchanged, compared to its average volume of 9,644,766. The stock has a market cap of $128.32 billion, a price-to-earnings ratio of 36.44, a price-to-earnings-growth ratio of 3.56 and a beta of 1.00. Starbucks Co. has a 12-month low of $71.55 and a 12-month high of $114.68. The firm's 50 day simple moving average is $99.44 and its 200 day simple moving average is $96.89.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 earnings per share 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 quarter in the previous year, the business posted $0.90 earnings per share. On average, equities research analysts forecast that Starbucks Co. will post 2.99 EPS for the current fiscal year.

Starbucks 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.