8,261 Shares in Starbucks Co. (NASDAQ:SBUX) Acquired by Bradley & Co. Private Wealth Management LLC

Bradley & Co. Private Wealth Management LLC acquired a new stake in Starbucks Co. (NASDAQ:SBUX) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 8,261 shares of the coffee company’s stock, valued at approximately $754,000. Starbucks comprises approximately 0.5% of Bradley & Co. Private Wealth Management LLC’s investment portfolio, making the stock its 20th biggest position.

A number of other institutional investors have also recently made changes to their positions in the stock. Hennion & Walsh Asset Management Inc. raised its position in Starbucks by 31.8% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 3,766 shares of the coffee company’s stock valued at $367,000 after purchasing an additional 909 shares during the last quarter. Concord Wealth Partners increased its stake in shares of Starbucks by 12.2% during the third quarter. Concord Wealth Partners now owns 1,815 shares of the coffee company’s stock valued at $177,000 after buying an additional 197 shares during the period. Nisa Investment Advisors LLC raised its holdings in shares of Starbucks by 14.6% during the third quarter. Nisa Investment Advisors LLC now owns 425,733 shares of the coffee company’s stock valued at $41,505,000 after acquiring an additional 54,233 shares in the last quarter. Pallas Capital Advisors LLC purchased a new stake in Starbucks in the third quarter worth $235,000. Finally, abrdn plc boosted its holdings in Starbucks by 30.5% in the third quarter. abrdn plc now owns 538,970 shares of the coffee company’s stock valued at $52,145,000 after acquiring an additional 125,912 shares in the last quarter. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Starbucks Stock Up 1.2 %

Shares of SBUX opened at $114.59 on Wednesday. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $115.24. The company has a market capitalization of $130.16 billion, a P/E ratio of 36.96, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. The firm has a 50 day moving average of $100.58 and a 200 day moving average of $98.00.

Starbucks (NASDAQ:SBUX) last posted its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) 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 company posted $0.90 EPS. On average, sell-side analysts expect that Starbucks Co. will post 2.99 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have commented on SBUX shares. Wells Fargo & Company upped their price objective on shares of Starbucks from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Tuesday. UBS Group increased their price target on shares of Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. 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 report on Wednesday, January 29th. Citigroup increased their target price on Starbucks from $96.00 to $99.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Finally, Barclays lifted their price target on Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $105.75.

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.