Zurcher Kantonalbank Zurich Cantonalbank Has $48.10 Million Stake in Starbucks Co. (NASDAQ:SBUX)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 5.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 527,121 shares of the coffee company's stock after acquiring an additional 28,227 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Starbucks were worth $48,100,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Kuhn & Co Investment Counsel raised its stake in 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 buying an additional 96 shares during the period. Jmac Enterprises LLC grew its position in shares of Starbucks by 1.0% in the fourth quarter. Jmac Enterprises LLC now owns 9,995 shares of the coffee company's stock valued at $912,000 after purchasing an additional 103 shares during the last quarter. Aspire Capital Advisors LLC grew its position in shares of Starbucks by 0.5% in the fourth quarter. Aspire Capital Advisors LLC now owns 23,210 shares of the coffee company's stock valued at $2,118,000 after purchasing an additional 104 shares during the last quarter. Optas LLC grew its position in shares of Starbucks by 0.6% in the fourth quarter. Optas LLC now owns 16,711 shares of the coffee company's stock valued at $1,525,000 after purchasing an additional 105 shares during the last quarter. Finally, Boomfish Wealth Group LLC grew its position in shares of Starbucks by 0.7% in the fourth quarter. Boomfish Wealth Group LLC now owns 15,335 shares of the coffee company's stock valued at $1,399,000 after purchasing an additional 108 shares during the last quarter. Institutional investors and hedge funds own 72.29% of the company's stock.

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Wall Street Analyst Weigh In

Several equities analysts have recently commented on SBUX shares. 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. Wells Fargo & Company increased their price target on Starbucks from $115.00 to $125.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 25th. Stifel Nicolaus increased their price target on Starbucks from $110.00 to $114.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Wedbush upped their target price on Starbucks from $95.00 to $100.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. Finally, BMO Capital Markets upped their target price on Starbucks from $110.00 to $115.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $105.75.

Starbucks Stock Down 1.4 %

Starbucks stock traded down $1.38 during trading hours on Wednesday, reaching $98.20. 4,831,359 shares of the company's stock were exchanged, compared to its average volume of 10,603,687. The firm's 50 day simple moving average is $104.48 and its 200 day simple moving average is $99.23. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $117.46. The firm has a market capitalization of $111.54 billion, a PE ratio of 31.64, a PEG ratio of 3.59 and a beta of 0.99.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued its quarterly earnings results 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 prior year, the company posted $0.90 earnings per share. Analysts anticipate that Starbucks Co. will post 2.99 EPS 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.