Starbucks Co. (NASDAQ:SBUX) Stake Lifted by Berkeley Capital Partners LLC

Berkeley Capital Partners LLC increased its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 1.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,998 shares of the coffee company’s stock after buying an additional 410 shares during the quarter. Starbucks comprises approximately 0.6% of Berkeley Capital Partners LLC’s holdings, making the stock its 29th largest position. Berkeley Capital Partners LLC’s holdings in Starbucks were worth $2,007,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Wintrust Investments LLC grew its stake in Starbucks by 7.1% during the 4th quarter. Wintrust Investments LLC now owns 1,411 shares of the coffee company’s stock worth $128,000 after buying an additional 94 shares during the last quarter. Kuhn & Co Investment Counsel grew its stake in Starbucks by 2.3% during the 4th quarter. Kuhn & Co Investment Counsel now owns 4,240 shares of the coffee company’s stock worth $387,000 after buying an additional 96 shares during the last quarter. Wellington Shields & Co. LLC grew its stake in Starbucks by 8.6% during the 4th quarter. Wellington Shields & Co. LLC now owns 1,265 shares of the coffee company’s stock worth $115,000 after buying an additional 100 shares during the last quarter. Mystic Asset Management Inc. grew its stake in Starbucks by 3.9% during the 4th quarter. Mystic Asset Management Inc. now owns 2,665 shares of the coffee company’s stock worth $243,000 after buying an additional 101 shares during the last quarter. Finally, Jmac Enterprises LLC grew its stake in Starbucks by 1.0% during the 4th quarter. Jmac Enterprises LLC now owns 9,995 shares of the coffee company’s stock worth $912,000 after buying an additional 103 shares during the last quarter. 72.29% of the stock is currently owned by institutional investors.

Starbucks Trading Up 0.9 %

Shares of NASDAQ SBUX opened at $99.19 on Thursday. Starbucks Co. has a one year low of $71.55 and a one year high of $117.46. The firm has a market capitalization of $112.67 billion, a PE ratio of 32.00, a PEG ratio of 3.59 and a beta of 0.99. The business has a 50-day moving average price of $105.18 and a two-hundred day moving average price of $99.30.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data 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 negative return on equity of 44.97% and a net margin of 9.73%. During the same quarter last year, the firm posted $0.90 earnings per share. Research analysts anticipate that Starbucks Co. will post 2.99 EPS for the current year.

Wall Street Analysts Forecast Growth

SBUX has been the subject of a number of recent research reports. Royal Bank of Canada restated an “outperform” rating and set a $115.00 price objective on shares of Starbucks in a research note on Friday, January 24th. BMO Capital Markets increased their price target on Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Stifel Nicolaus increased their price target on Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Barclays increased their price target on Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Finally, UBS Group increased their price target on Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Starbucks presently has an average rating of “Moderate Buy” and an average target price of $106.12.

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.