WealthShield Partners LLC Purchases 404 Shares of Starbucks Co. (NASDAQ:SBUX)

WealthShield Partners LLC raised its holdings in Starbucks Co. (NASDAQ:SBUX) by 15.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,065 shares of the coffee company’s stock after buying an additional 404 shares during the period. WealthShield Partners LLC’s holdings in Starbucks were worth $280,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in the business. Financial Life Planners bought a new position in Starbucks during the 4th quarter valued at $25,000. Collier Financial bought a new position in Starbucks during the fourth quarter valued at $27,000. Marshall Investment Management LLC bought a new position in shares of Starbucks during the 4th quarter worth $30,000. Centricity Wealth Management LLC purchased a new position in shares of Starbucks in the fourth quarter worth about $36,000. Finally, FSA Wealth Management LLC purchased a new position in Starbucks in the 3rd quarter valued at approximately $49,000. Institutional investors own 72.29% of the company’s stock.

Starbucks Trading Up 1.3 %

Shares of NASDAQ:SBUX opened at $113.19 on Tuesday. The stock has a market capitalization of $128.57 billion, a price-to-earnings ratio of 36.51, a PEG ratio of 3.59 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 stock has a fifty day simple moving average of $100.13 and a two-hundred day simple moving average of $97.72.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, beating 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 quarter in the previous year, the business earned $0.90 earnings per share. As a group, equities research analysts predict that Starbucks Co. will post 2.99 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Redburn Atlantic reaffirmed a “sell” rating and set a $77.00 target price (down previously from $84.00) on shares of Starbucks in a report on Wednesday, November 13th. Wedbush raised their price target on Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Royal Bank of Canada restated an “outperform” rating and issued a $115.00 price objective on shares of Starbucks in a report on Friday, January 24th. Barclays increased their target price on Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Finally, Wells Fargo & Company raised their price target on shares of Starbucks from $110.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. Three equities research 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. Based on data from MarketBeat.com, Starbucks currently has an average rating of “Moderate Buy” and an average target price of $105.33.

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.