Starbucks Co. (NASDAQ:SBUX) Shares Purchased by Nicholson Wealth Management Group LLC

Nicholson Wealth Management Group LLC boosted its position in Starbucks Co. (NASDAQ:SBUX) by 104.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,854 shares of the coffee company’s stock after purchasing an additional 8,112 shares during the quarter. Nicholson Wealth Management Group LLC’s holdings in Starbucks were worth $1,447,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in SBUX. Foundations Investment Advisors LLC increased its stake in shares of Starbucks by 16.9% in the 3rd quarter. Foundations Investment Advisors LLC now owns 23,028 shares of the coffee company’s stock worth $2,245,000 after acquiring an additional 3,330 shares during the last quarter. Private Advisor Group LLC increased its stake in shares of Starbucks by 1.2% in the 3rd quarter. Private Advisor Group LLC now owns 118,946 shares of the coffee company’s stock worth $11,596,000 after acquiring an additional 1,418 shares during the last quarter. RAM Investment Partners LLC acquired a new stake in shares of Starbucks in the 3rd quarter worth $203,000. McAdam LLC increased its stake in shares of Starbucks by 4.4% in the 3rd quarter. McAdam LLC now owns 6,085 shares of the coffee company’s stock worth $593,000 after acquiring an additional 255 shares during the last quarter. Finally, International Assets Investment Management LLC increased its stake in shares of Starbucks by 11,217.0% in the 3rd quarter. International Assets Investment Management LLC now owns 752,355 shares of the coffee company’s stock worth $73,347,000 after acquiring an additional 745,707 shares during the last quarter. 72.29% of the stock is owned by institutional investors and hedge funds.

Starbucks Price Performance

Shares of Starbucks stock opened at $113.34 on Friday. The business has a 50-day moving average of $99.44 and a 200 day moving average of $96.89. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $113.50. The stock has a market capitalization of $128.74 billion, a price-to-earnings ratio of 36.56, a price-to-earnings-growth ratio of 3.56 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 (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 period last year, the company posted $0.90 EPS. Equities research analysts anticipate that Starbucks Co. will post 2.99 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Wells Fargo & Company raised their target price on Starbucks from $110.00 to $115.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 26th. UBS Group raised their target price on Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $115.00 target price on shares of Starbucks in a research note on Friday, January 24th. Stifel Nicolaus raised their target price on Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Finally, Barclays increased their price target on Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Starbucks currently has a consensus rating of “Moderate Buy” and a consensus price target of $105.33.

About Starbucks

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.