Synergy Financial Group LTD Has $820,000 Holdings in Starbucks Co. (NASDAQ:SBUX)

Synergy Financial Group LTD lessened its holdings in Starbucks Co. (NASDAQ:SBUX) by 4.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 8,988 shares of the coffee company’s stock after selling 444 shares during the period. Synergy Financial Group LTD’s holdings in Starbucks were worth $820,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Trifecta Capital Advisors LLC grew its holdings in Starbucks by 1.0% during the 4th quarter. Trifecta Capital Advisors LLC now owns 29,429 shares of the coffee company’s stock worth $2,685,000 after acquiring an additional 290 shares during the period. CWS Financial Advisors LLC grew its position in Starbucks by 7.9% in the 4th quarter. CWS Financial Advisors LLC now owns 5,022 shares of the coffee company’s stock valued at $458,000 after purchasing an additional 367 shares during the period. Coyle Financial Counsel LLC acquired a new stake in shares of Starbucks in the 4th quarter worth about $263,000. Pine Valley Investments Ltd Liability Co lifted its holdings in shares of Starbucks by 1.2% in the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 10,678 shares of the coffee company’s stock valued at $974,000 after purchasing an additional 123 shares in the last quarter. Finally, Impax Asset Management Group plc lifted its stake in Starbucks by 253.5% during the 4th quarter. Impax Asset Management Group plc now owns 312,653 shares of the coffee company’s stock valued at $28,530,000 after acquiring an additional 224,214 shares in the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Trading Up 1.3 %

Shares of SBUX stock opened at $113.19 on Tuesday. The firm’s 50 day moving average is $100.13 and its 200 day moving average is $97.72. The stock has a market capitalization of $128.57 billion, a P/E ratio of 36.51, a P/E/G ratio of 3.59 and a beta of 1.00. Starbucks Co. has a 12-month low of $71.55 and a 12-month high of $114.68.

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

Wall Street Analyst Weigh In

A number of analysts recently commented on SBUX shares. UBS Group increased their price target on Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Wedbush raised their target price on Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reissued an “outperform” rating and issued a $115.00 price target on shares of Starbucks in a report on Friday, January 24th. Citigroup raised their price objective on shares of Starbucks from $96.00 to $99.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Finally, Redburn Atlantic reiterated a “sell” rating and issued a $77.00 target price (down from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock 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.