Starbucks Co. (NASDAQ:SBUX) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP grew its position in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 4.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,868,817 shares of the coffee company's stock after purchasing an additional 718,880 shares during the period. Wellington Management Group LLP owned 1.40% of Starbucks worth $1,448,030,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Wintrust Investments LLC grew its stake in Starbucks by 7.1% in the 4th quarter. Wintrust Investments LLC now owns 1,411 shares of the coffee company's stock worth $128,000 after acquiring an additional 94 shares during the period. Kuhn & Co Investment Counsel grew its position in shares of Starbucks by 2.3% in the fourth quarter. Kuhn & Co Investment Counsel now owns 4,240 shares of the coffee company's stock valued at $387,000 after purchasing an additional 96 shares during the period. Wellington Shields & Co. LLC increased its stake in Starbucks by 8.6% in the fourth quarter. Wellington Shields & Co. LLC now owns 1,265 shares of the coffee company's stock valued at $115,000 after purchasing an additional 100 shares during the last quarter. Mystic Asset Management Inc. boosted its stake in Starbucks by 3.9% in the 4th quarter. Mystic Asset Management Inc. now owns 2,665 shares of the coffee company's stock worth $243,000 after buying an additional 101 shares during the last quarter. Finally, Jmac Enterprises LLC grew its holdings in Starbucks by 1.0% in the 4th quarter. Jmac Enterprises LLC now owns 9,995 shares of the coffee company's stock valued at $912,000 after buying an additional 103 shares during the period. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

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Starbucks Stock Up 0.1 %

Shares of Starbucks stock traded up $0.14 during trading hours on Tuesday, hitting $98.23. 5,864,791 shares of the company's stock traded hands, compared to its average volume of 11,117,903. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $117.46. The company has a market cap of $111.58 billion, a PE ratio of 31.69, a PEG ratio of 3.59 and a beta of 0.99. The stock has a 50 day simple moving average of $105.81 and a 200-day simple moving average of $99.54.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued its quarterly earnings data 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 last year, the firm posted $0.90 earnings per share. As a group, equities research analysts predict that Starbucks Co. will post 2.99 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Barclays increased their price objective on shares of Starbucks from $119.00 to $124.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. Stifel Nicolaus increased their price target 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. BMO Capital Markets boosted their price objective on shares of Starbucks from $110.00 to $115.00 and gave the company an "outperform" rating in a research note on Wednesday, January 29th. Wells Fargo & Company increased their target price on Starbucks from $115.00 to $125.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 25th. Finally, Argus raised Starbucks from a "hold" rating to a "buy" rating and set a $115.00 price target for the company in a research report on Tuesday, March 18th. Three 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. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $106.12.

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.