Tradewinds Capital Management LLC Increases Stock Holdings in Starbucks Co. (NASDAQ:SBUX)

Tradewinds Capital Management LLC boosted its position in shares of Starbucks Co. (NASDAQ:SBUX) by 39.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,143 shares of the coffee company’s stock after acquiring an additional 2,869 shares during the quarter. Tradewinds Capital Management LLC’s holdings in Starbucks were worth $926,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in SBUX. Financial Life Planners purchased a new position in shares of Starbucks in the fourth quarter valued at approximately $25,000. Collier Financial 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 fourth quarter valued at $30,000. Centricity Wealth Management LLC purchased a new position in Starbucks in the fourth quarter valued at $36,000. Finally, DT Investment Partners LLC boosted its holdings in Starbucks by 39.4% in the third quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock valued at $42,000 after purchasing an additional 121 shares during the period. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Starbucks Stock Performance

Shares of Starbucks stock opened at $111.75 on Friday. Starbucks Co. has a one year low of $71.55 and a one year high of $114.68. The firm has a fifty day moving average of $99.72 and a two-hundred day moving average of $97.30. The company has a market cap of $126.94 billion, a P/E ratio of 36.05, a PEG ratio of 3.59 and a beta of 1.00.

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, 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 period in the prior year, the firm earned $0.90 EPS. As a group, equities analysts predict that Starbucks Co. will post 2.99 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SBUX. Redburn Atlantic reiterated a “sell” rating and issued a $77.00 price objective (down previously from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. Stifel Nicolaus lifted their price target on shares of Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Royal Bank of Canada reiterated an “outperform” rating and issued a $115.00 price target on shares of Starbucks in a research note on Friday, January 24th. Barclays lifted their price objective on shares of Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Finally, Citigroup lifted their price objective on shares of Starbucks from $96.00 to $99.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $105.33.

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.