D.A. Davidson & CO. Increases Stock Position in Starbucks Co. (NASDAQ:SBUX)

D.A. Davidson & CO. boosted its holdings in Starbucks Co. (NASDAQ:SBUX) by 5.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 205,528 shares of the coffee company’s stock after purchasing an additional 9,830 shares during the quarter. D.A. Davidson & CO.’s holdings in Starbucks were worth $18,755,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. OLD National Bancorp IN raised its stake in Starbucks by 12.7% during the 3rd quarter. OLD National Bancorp IN now owns 15,344 shares of the coffee company’s stock valued at $1,496,000 after acquiring an additional 1,725 shares during the last quarter. Vest Financial LLC purchased a new stake in shares of Starbucks during the third quarter worth approximately $720,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Starbucks by 40.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 496,951 shares of the coffee company’s stock worth $48,448,000 after purchasing an additional 143,258 shares during the period. Penn Davis Mcfarland Inc. purchased a new position in Starbucks in the 3rd quarter valued at $2,786,000. Finally, Arlington Partners LLC increased its stake in Starbucks by 6.5% in the 3rd quarter. Arlington Partners LLC now owns 43,934 shares of the coffee company’s stock valued at $4,283,000 after buying an additional 2,697 shares during the period. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Trading Down 0.4 %

Starbucks stock opened at $112.55 on Tuesday. The stock has a fifty day moving average price of $98.28 and a 200 day moving average price of $96.14. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $113.47. The firm has a market capitalization of $127.85 billion, a P/E ratio of 36.31, a PEG ratio of 3.52 and a beta of 1.00.

Starbucks (NASDAQ:SBUX) last released its 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 period in the previous year, the firm earned $0.90 EPS. As a group, equities analysts predict that Starbucks Co. will post 3 EPS for the current year.

Insider Transactions at Starbucks

In other news, CFO Rachel Ruggeri sold 1,491 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $99.54, for a total transaction of $148,414.14. Following the completion of the sale, the chief financial officer now owns 80,124 shares in the company, valued at approximately $7,975,542.96. The trade was a 1.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Wedbush lifted their target price on shares of Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. TD Cowen reiterated a “buy” rating and set a $110.00 target price on shares of Starbucks in a research report on Monday, November 11th. UBS Group raised their price target on Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Bank of America dropped their price objective on Starbucks from $118.00 to $117.00 and set a “buy” rating on the stock in a report on Tuesday, October 22nd. Finally, Redburn Atlantic reissued a “sell” rating and issued a $77.00 target price (down previously from $84.00) on shares of Starbucks in a report on Wednesday, November 13th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $105.33.

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.