871 Shares in Starbucks Co. (NASDAQ:SBUX) Bought by Kestra Investment Management LLC

Kestra Investment Management LLC acquired a new position in Starbucks Co. (NASDAQ:SBUX) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 871 shares of the coffee company’s stock, valued at approximately $80,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Kornitzer Capital Management Inc. KS lifted its position in Starbucks by 5.2% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 27,471 shares of the coffee company’s stock valued at $2,507,000 after acquiring an additional 1,355 shares during the period. Venturi Wealth Management LLC increased its stake in shares of Starbucks by 84.8% during the fourth quarter. Venturi Wealth Management LLC now owns 4,953 shares of the coffee company’s stock valued at $452,000 after purchasing an additional 2,273 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in shares of Starbucks by 5.0% during the fourth quarter. D.A. Davidson & CO. now owns 205,528 shares of the coffee company’s stock valued at $18,755,000 after purchasing an additional 9,830 shares during the last quarter. Empower Advisory Group LLC boosted its position in shares of Starbucks by 3.0% in the 4th quarter. Empower Advisory Group LLC now owns 1,372,978 shares of the coffee company’s stock worth $125,284,000 after purchasing an additional 39,728 shares in the last quarter. Finally, CIBC Asset Management Inc grew its stake in shares of Starbucks by 2.6% in the 4th quarter. CIBC Asset Management Inc now owns 392,414 shares of the coffee company’s stock worth $35,808,000 after buying an additional 10,080 shares during the last quarter. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. BMO Capital Markets lifted their price objective on Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Barclays upped their price target 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. Wells Fargo & Company increased their price objective on shares of Starbucks from $110.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, November 26th. UBS Group lifted their target price on shares of Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Finally, Wedbush increased their price target on shares of Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Starbucks has an average rating of “Moderate Buy” and an average price target of $105.33.

Starbucks Stock Down 1.4 %

Shares of NASDAQ:SBUX opened at $111.75 on Friday. The stock has a market capitalization of $126.94 billion, a PE ratio of 36.05, a price-to-earnings-growth ratio of 3.56 and a beta of 1.00. The firm’s 50 day moving average price is $99.72 and its 200-day moving average price is $97.15. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $114.68.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share 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 prior year, the firm earned $0.90 EPS. Analysts expect that Starbucks Co. will post 2.99 earnings per share 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.