Steward Partners Investment Advisory LLC Purchases 1,763 Shares of Starbucks Co. (NASDAQ:SBUX)

Steward Partners Investment Advisory LLC lifted its position in shares of Starbucks Co. (NASDAQ:SBUX) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 132,551 shares of the coffee company’s stock after purchasing an additional 1,763 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Starbucks were worth $12,095,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in SBUX. Kuhn & Co Investment Counsel increased its holdings in shares of Starbucks by 2.3% in the fourth quarter. Kuhn & Co Investment Counsel now owns 4,240 shares of the coffee company’s stock worth $387,000 after acquiring an additional 96 shares in the last quarter. Jmac Enterprises LLC raised its position in Starbucks by 1.0% in 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 during the last quarter. Aspire Capital Advisors LLC lifted its stake in Starbucks by 0.5% in the 4th quarter. Aspire Capital Advisors LLC now owns 23,210 shares of the coffee company’s stock valued at $2,118,000 after acquiring an additional 104 shares in the last quarter. Optas LLC boosted its position in Starbucks by 0.6% during the 4th quarter. Optas LLC now owns 16,711 shares of the coffee company’s stock worth $1,525,000 after acquiring an additional 105 shares during the last quarter. Finally, Boomfish Wealth Group LLC grew its stake 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 worth $1,399,000 after acquiring an additional 108 shares in the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SBUX shares. Royal Bank of Canada restated an “outperform” rating and set a $115.00 target price on shares of Starbucks in a report on Friday, January 24th. Stifel Nicolaus raised their price objective on Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a report on Monday, January 27th. BMO Capital Markets upped their target price on Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Barclays raised their price target on Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Finally, Redburn Atlantic reiterated a “sell” rating and set a $77.00 price objective (down previously from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $105.75.

Starbucks Stock Performance

SBUX opened at $112.06 on Wednesday. The stock has a fifty day moving average of $103.11 and a 200-day moving average of $98.80. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $117.46. The company has a market capitalization of $127.29 billion, a P/E ratio of 36.15, a P/E/G ratio of 3.59 and a beta of 1.00.

Starbucks (NASDAQ:SBUX) last posted 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 net margin of 9.73% and a negative return on equity of 44.97%. During the same period in the prior year, the company posted $0.90 earnings per share. On average, equities research analysts predict that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

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.