Starbucks Co. (NASDAQ:SBUX) Shares Acquired by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich boosted its holdings in Starbucks Co. (NASDAQ:SBUX) by 49.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 208,607 shares of the coffee company’s stock after acquiring an additional 68,807 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Starbucks were worth $20,796,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Financial Life Planners acquired a new position in Starbucks during the fourth quarter worth $25,000. Collier Financial purchased a new stake in shares of Starbucks during the fourth quarter worth $27,000. Marshall Investment Management LLC purchased a new position in Starbucks in the fourth quarter valued at $30,000. Noble Wealth Management PBC purchased a new position in Starbucks in the fourth quarter valued at $30,000. Finally, Centricity Wealth Management LLC purchased a new position in Starbucks in the fourth quarter valued at $36,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SBUX has been the topic of several research reports. Stifel Nicolaus raised their price objective on Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Redburn Atlantic restated a “sell” rating and issued a $77.00 price objective (down previously from $84.00) on shares of Starbucks in a research report on Wednesday, November 13th. Barclays lifted their price target on shares of Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Wedbush lifted their price target on shares of Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Finally, UBS Group lifted their price target on shares of Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $105.75.

Starbucks Stock Up 1.0 %

Shares of SBUX opened at $106.48 on Friday. The firm has a market cap of $120.95 billion, a PE ratio of 34.35, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99. The company’s fifty day moving average is $104.10 and its two-hundred day moving average is $99.08. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $117.46.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, topping 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 last year, the company posted $0.90 EPS. As a group, equities research analysts anticipate that Starbucks Co. will post 2.99 earnings per share for the current year.

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.