Checchi Capital Advisers LLC Purchases 195 Shares of Starbucks Co. (NASDAQ:SBUX)

Checchi Capital Advisers LLC boosted its position in shares of Starbucks Co. (NASDAQ:SBUX) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,789 shares of the coffee company’s stock after acquiring an additional 195 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Starbucks were worth $1,076,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Financial Life Planners bought a new stake in Starbucks during the fourth quarter worth $25,000. Collier Financial acquired a new position in shares of Starbucks in the fourth quarter valued at $27,000. Marshall Investment Management LLC acquired a new position in shares of Starbucks in the fourth quarter valued at $30,000. Centricity Wealth Management LLC acquired a new position in shares of Starbucks in the fourth quarter valued at $36,000. Finally, FSA Wealth Management LLC acquired a new position in shares of Starbucks in the third quarter valued at $49,000. 72.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on SBUX shares. Redburn Atlantic reiterated a “sell” rating and issued a $77.00 price objective (down from $84.00) on shares of Starbucks in a report on Wednesday, November 13th. Wells Fargo & Company upped their price objective on shares of Starbucks from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Tuesday. Wedbush upped their price objective 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 issued a $110.00 price objective on shares of Starbucks in a report on Monday, November 11th. Finally, UBS Group upped their price objective on shares of Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $105.75.

Starbucks Trading Down 1.4 %

SBUX stock opened at $113.00 on Thursday. The stock has a market capitalization of $128.36 billion, a P/E ratio of 36.45, a price-to-earnings-growth 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 $115.24. The firm has a 50-day moving average price of $101.04 and a 200-day moving average price of $98.10.

Starbucks (NASDAQ:SBUX) last posted its earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates 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 company earned $0.90 earnings per share. As a group, equities analysts predict that Starbucks Co. will post 2.99 EPS 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.