World Equity Group Inc. Has $429,000 Stock Position in Starbucks Co. (NASDAQ:SBUX)

World Equity Group Inc. lifted its position in shares of Starbucks Co. (NASDAQ:SBUX) by 105.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,700 shares of the coffee company’s stock after buying an additional 2,413 shares during the quarter. World Equity Group Inc.’s holdings in Starbucks were worth $429,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Kuhn & Co Investment Counsel grew its holdings in Starbucks by 2.3% during the 4th quarter. Kuhn & Co Investment Counsel now owns 4,240 shares of the coffee company’s stock valued at $387,000 after buying an additional 96 shares in the last quarter. Jmac Enterprises LLC grew its holdings in Starbucks by 1.0% during the 4th quarter. Jmac Enterprises LLC now owns 9,995 shares of the coffee company’s stock valued at $912,000 after buying an additional 103 shares in the last quarter. Aspire Capital Advisors LLC grew its holdings in Starbucks by 0.5% during the 4th quarter. Aspire Capital Advisors LLC now owns 23,210 shares of the coffee company’s stock valued at $2,118,000 after buying an additional 104 shares in the last quarter. Optas LLC grew its holdings in Starbucks by 0.6% during the 4th quarter. Optas LLC now owns 16,711 shares of the coffee company’s stock valued at $1,525,000 after buying an additional 105 shares in the last quarter. Finally, Boomfish Wealth Group LLC boosted its position in shares of Starbucks by 0.7% during the 4th quarter. Boomfish Wealth Group LLC now owns 15,335 shares of the coffee company’s stock valued at $1,399,000 after acquiring an additional 108 shares during the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Price Performance

Shares of Starbucks stock opened at $111.75 on Monday. The business’s 50 day simple moving average is $99.72 and its two-hundred day simple moving average is $97.46. The stock has a market capitalization of $126.94 billion, a P/E ratio of 36.05, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. Starbucks Co. has a one year low of $71.55 and a one year high of $114.68.

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

Analysts Set New Price Targets

SBUX has been the subject of a number of research analyst reports. Stifel Nicolaus lifted their price target on Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Redburn Atlantic reiterated a “sell” rating and set a $77.00 price target (down previously from $84.00) on shares of Starbucks in a research report on Wednesday, November 13th. TD Cowen reiterated a “buy” rating and set a $110.00 price target on shares of Starbucks in a research report on Monday, November 11th. Wells Fargo & Company lifted their price target on Starbucks from $110.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, November 26th. Finally, BMO Capital Markets lifted their price target on Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $105.33.

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.