Starbucks Co. (NASDAQ:SBUX) Shares Purchased by Metis Global Partners LLC

Metis Global Partners LLC increased its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 2.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,744 shares of the coffee company’s stock after purchasing an additional 1,356 shares during the period. Metis Global Partners LLC’s holdings in Starbucks were worth $5,178,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Financial Life Planners acquired a new position in Starbucks in the 4th quarter valued at $25,000. Collier Financial acquired a new position in Starbucks in the 4th quarter valued at $27,000. Marshall Investment Management LLC acquired a new position in Starbucks in the 4th quarter valued at $30,000. Noble Wealth Management PBC acquired a new position in Starbucks in the 4th quarter valued at $30,000. Finally, Centricity Wealth Management LLC acquired a new position in Starbucks in the 4th quarter valued at $36,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Starbucks Price Performance

NASDAQ:SBUX opened at $115.81 on Friday. The firm has a 50-day moving average of $102.11 and a two-hundred day moving average of $98.49. The stock has a market cap of $131.55 billion, a P/E ratio of 37.36, a PEG ratio of 3.59 and a beta of 1.00. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $116.09.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data 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 net margin of 9.73% and a negative return on equity of 44.97%. During the same period in the previous year, the company posted $0.90 earnings per share. As a group, equities analysts expect that Starbucks Co. will post 2.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SBUX has been the subject of several analyst reports. BMO Capital Markets boosted their price target on Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Redburn Atlantic reiterated a “sell” rating and issued a $77.00 price target (down from $84.00) on shares of Starbucks in a report on Wednesday, November 13th. Wells Fargo & Company boosted their price target on Starbucks from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Tuesday. UBS Group upped their price objective on Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $115.00 price objective on shares of Starbucks in a report on Friday, January 24th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Starbucks has an average rating of “Moderate Buy” and a consensus target price of $105.75.

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.