Mainstream Capital Management LLC Invests $47,000 in Starbucks Co. (NASDAQ:SBUX)

Mainstream Capital Management LLC purchased a new stake in Starbucks Co. (NASDAQ:SBUX) during the 4th quarter, Holdings Channel.com reports. The fund purchased 517 shares of the coffee company’s stock, valued at approximately $47,000.

A number of other institutional investors have also modified their holdings of SBUX. Opes Wealth Management LLC acquired a new position in Starbucks during the 3rd quarter worth approximately $203,000. Robeco Institutional Asset Management B.V. increased its stake in shares of Starbucks by 6.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 45,446 shares of the coffee company’s stock worth $4,431,000 after purchasing an additional 2,590 shares in the last quarter. Ground Swell Capital LLC purchased a new position in Starbucks during the third quarter worth $1,343,000. Vestor Capital LLC increased its position in Starbucks by 42.8% during the 3rd quarter. Vestor Capital LLC now owns 2,605 shares of the coffee company’s stock worth $254,000 after purchasing an additional 781 shares in the last quarter. Finally, Chaney Capital Management Inc. raised its position in shares of Starbucks by 32.9% in the third quarter. Chaney Capital Management Inc. now owns 10,423 shares of the coffee company’s stock valued at $1,016,000 after buying an additional 2,578 shares during the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Analysts Set New Price Targets

SBUX has been the subject of several analyst reports. Stifel Nicolaus upped their target price on Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Barclays lifted their target price on shares of Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Redburn Atlantic restated a “sell” rating and issued a $77.00 price target (down previously from $84.00) on shares of Starbucks in a report on Wednesday, November 13th. UBS Group raised their target price on Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Finally, BMO Capital Markets upped their price target on shares of Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Starbucks presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.75.

Starbucks Price Performance

Shares of Starbucks stock opened at $115.41 on Tuesday. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $117.46. The company has a market capitalization of $131.09 billion, a P/E ratio of 37.23, a PEG ratio of 3.59 and a beta of 1.00. The business’s fifty day moving average price is $102.67 and its two-hundred day moving average price is $98.68.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, beating 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 quarter in the previous year, the company earned $0.90 EPS. On average, research 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.