Achmea Investment Management B.V. Buys 467 Shares of Starbucks Co. (NASDAQ:SBUX)

Achmea Investment Management B.V. grew its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,212 shares of the coffee company’s stock after buying an additional 467 shares during the quarter. Achmea Investment Management B.V.’s holdings in Starbucks were worth $1,935,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Liberty Wealth Management LLC grew its holdings in shares of Starbucks by 2.8% during the fourth quarter. Liberty Wealth Management LLC now owns 4,131 shares of the coffee company’s stock valued at $377,000 after buying an additional 114 shares during the last quarter. Hopwood Financial Services Inc. acquired a new position in shares of Starbucks during the fourth quarter valued at about $283,000. Farther Finance Advisors LLC grew its holdings in shares of Starbucks by 10.0% during the fourth quarter. Farther Finance Advisors LLC now owns 41,127 shares of the coffee company’s stock valued at $3,753,000 after buying an additional 3,729 shares during the last quarter. HighTower Advisors LLC grew its holdings in shares of Starbucks by 15.9% during the fourth quarter. HighTower Advisors LLC now owns 1,789,507 shares of the coffee company’s stock valued at $163,293,000 after buying an additional 245,922 shares during the last quarter. Finally, Bender Robert & Associates grew its holdings in shares of Starbucks by 2.7% during the fourth quarter. Bender Robert & Associates now owns 44,406 shares of the coffee company’s stock valued at $4,052,000 after buying an additional 1,155 shares during the last quarter. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Starbucks Stock Up 2.2 %

NASDAQ SBUX opened at $98.11 on Friday. The company’s 50 day moving average is $104.82 and its 200-day moving average is $99.22. Starbucks Co. has a 12-month low of $71.55 and a 12-month high of $117.46. The firm has a market cap of $111.44 billion, a P/E ratio of 31.65, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99.

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

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. BMO Capital Markets boosted their price target on shares of Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Stifel Nicolaus boosted their price target on shares of Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Wells Fargo & Company boosted their price target on shares of Starbucks from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. UBS Group boosted their price target 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 boosted their price target on shares of Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $105.75.

Starbucks Company 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.