Strategy Asset Managers LLC Buys 251 Shares of Starbucks Co. (NASDAQ:SBUX)

Strategy Asset Managers LLC increased its stake in Starbucks Co. (NASDAQ:SBUX) by 4.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,107 shares of the coffee company’s stock after acquiring an additional 251 shares during the period. Strategy Asset Managers LLC’s holdings in Starbucks were worth $557,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of SBUX. Quest Partners LLC purchased a new position in Starbucks during the 3rd quarter valued at about $115,000. CreativeOne Wealth LLC raised its holdings in shares of Starbucks by 26.8% during the third quarter. CreativeOne Wealth LLC now owns 9,960 shares of the coffee company’s stock valued at $971,000 after acquiring an additional 2,106 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Starbucks by 7.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 498,894 shares of the coffee company’s stock worth $48,637,000 after acquiring an additional 34,963 shares during the period. Vinva Investment Management Ltd boosted its holdings in Starbucks by 323.5% in the third quarter. Vinva Investment Management Ltd now owns 34,195 shares of the coffee company’s stock valued at $3,329,000 after acquiring an additional 26,120 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its position in Starbucks by 35.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 76,136 shares of the coffee company’s stock valued at $7,422,000 after purchasing an additional 19,965 shares during the period. 72.29% of the stock is currently owned by institutional investors.

Starbucks Trading Down 1.1 %

Shares of Starbucks stock opened at $97.73 on Friday. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $117.46. The stock has a 50 day moving average of $105.75 and a 200 day moving average of $99.50. The firm has a market cap of $111.01 billion, a PE ratio of 31.53, a PEG ratio of 3.59 and a beta of 0.99.

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

Analyst Ratings Changes

SBUX has been the subject of several research reports. Wells Fargo & Company increased 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. Argus upgraded shares of Starbucks from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a research note on Tuesday, March 18th. BMO Capital Markets boosted their price objective 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. UBS Group raised their target price on shares of Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Finally, Stifel Nicolaus boosted their price target on Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $106.12.

About Starbucks

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.