Excalibur Management Corp Purchases 334 Shares of Starbucks Co. (NASDAQ:SBUX)

Excalibur Management Corp lifted its position in shares of Starbucks Co. (NASDAQ:SBUX) by 3.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 10,217 shares of the coffee company’s stock after buying an additional 334 shares during the quarter. Excalibur Management Corp’s holdings in Starbucks were worth $932,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. Quest Partners LLC purchased a new position in Starbucks in the 3rd quarter worth about $115,000. Private Trust Co. NA raised its holdings in shares of Starbucks by 10.1% during the third quarter. Private Trust Co. NA now owns 12,607 shares of the coffee company’s stock valued at $1,229,000 after purchasing an additional 1,158 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Starbucks by 19.6% during the third quarter. The Manufacturers Life Insurance Company now owns 2,181,179 shares of the coffee company’s stock valued at $212,643,000 after purchasing an additional 357,046 shares during the period. FMR LLC boosted its holdings in Starbucks by 55.0% in the third quarter. FMR LLC now owns 19,779,859 shares of the coffee company’s stock worth $1,928,339,000 after purchasing an additional 7,015,375 shares during the last quarter. Finally, Brooklyn Investment Group grew its position in Starbucks by 7.5% in the 3rd quarter. Brooklyn Investment Group now owns 5,349 shares of the coffee company’s stock worth $521,000 after purchasing an additional 373 shares during the period. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Starbucks Trading Up 0.2 %

SBUX stock opened at $95.88 on Wednesday. The stock has a market cap of $108.91 billion, a PE ratio of 30.93, a P/E/G ratio of 3.59 and a beta of 0.99. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $117.46. The company has a 50-day moving average price of $105.51 and a 200 day moving average price of $99.48.

Starbucks (NASDAQ:SBUX) last released its earnings results on Tuesday, January 28th. The coffee company reported $0.69 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 previous year, the business earned $0.90 EPS. Sell-side analysts forecast that Starbucks Co. will post 2.99 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.