Twin City Private Wealth LLC Boosts Stake in Starbucks Co. (NASDAQ:SBUX)

Twin City Private Wealth LLC increased its stake in Starbucks Co. (NASDAQ:SBUX) by 5.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,214 shares of the coffee company’s stock after purchasing an additional 1,420 shares during the quarter. Starbucks makes up approximately 2.2% of Twin City Private Wealth LLC’s portfolio, making the stock its 10th biggest holding. Twin City Private Wealth LLC’s holdings in Starbucks were worth $2,483,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Financial Life Planners purchased a new position in Starbucks in the 4th quarter valued at approximately $25,000. Collier Financial purchased a new position in Starbucks in the 4th quarter valued at approximately $27,000. Runnymede Capital Advisors Inc. purchased a new position in Starbucks in the 4th quarter valued at approximately $27,000. Marshall Investment Management LLC purchased a new position in Starbucks in the 4th quarter valued at approximately $30,000. Finally, Noble Wealth Management PBC purchased a new position in Starbucks in the 4th quarter valued at approximately $30,000. Institutional investors own 72.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on SBUX shares. Stifel Nicolaus lifted their price objective on shares of Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Royal Bank of Canada restated an “outperform” rating and set a $115.00 price target on shares of Starbucks in a research report on Friday, January 24th. Barclays boosted their price target on shares of Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. BMO Capital Markets boosted their price target on shares of Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Finally, Wedbush boosted their price target on shares of Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Starbucks presently has an average rating of “Moderate Buy” and a consensus price target of $106.12.

Starbucks Stock Down 2.2 %

Starbucks stock opened at $97.07 on Monday. The company has a market capitalization of $110.26 billion, a PE ratio of 31.31, a P/E/G ratio of 3.59 and a beta of 0.99. The firm has a fifty day simple moving average of $105.41 and a two-hundred day simple moving average of $99.41. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $117.46.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, topping 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 period in the prior year, the firm earned $0.90 earnings per share. As a group, equities analysts expect that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

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.