AssuredPartners Investment Advisors LLC Makes New Investment in Starbucks Co. (NASDAQ:SBUX)

AssuredPartners Investment Advisors LLC acquired a new stake in Starbucks Co. (NASDAQ:SBUX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 26,718 shares of the coffee company’s stock, valued at approximately $2,438,000.

Several other large investors have also recently added to or reduced their stakes in the business. Financial Life Planners acquired a new stake in Starbucks in the 4th quarter valued at about $25,000. Graney & King LLC purchased a new stake in shares of Starbucks during the fourth quarter worth approximately $26,000. Collier Financial purchased a new position in Starbucks in the fourth quarter worth approximately $27,000. Runnymede Capital Advisors Inc. acquired a new position in Starbucks during the 4th quarter worth approximately $27,000. Finally, Marshall Investment Management LLC purchased a new stake in shares of Starbucks in the 4th quarter valued at approximately $30,000. 72.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. BMO Capital Markets boosted their target price on shares of Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Wedbush upped their price objective on Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Wells Fargo & Company raised their target price on Starbucks from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. Barclays upped their price target on Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Finally, Argus raised shares of Starbucks from a “hold” rating to a “buy” rating and set a $115.00 price objective on the stock in a report on Tuesday, March 18th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $106.12.

Starbucks Stock Performance

Shares of Starbucks stock opened at $97.97 on Thursday. Starbucks Co. has a one year low of $71.55 and a one year high of $117.46. The company has a market cap of $111.28 billion, a P/E ratio of 31.60, a PEG ratio of 3.59 and a beta of 0.99. The firm has a fifty day moving average of $105.61 and a two-hundred day moving average of $99.47.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) 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 quarter 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 earnings per share for the current 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.