2,885 Shares in Starbucks Co. (NASDAQ:SBUX) Bought by Ascent Wealth Partners LLC

Ascent Wealth Partners LLC acquired a new position in shares of Starbucks Co. (NASDAQ:SBUX) in the fourth quarter, Holdings Channel reports. The firm acquired 2,885 shares of the coffee company’s stock, valued at approximately $263,000.

Other hedge funds have also recently made changes to their positions in the company. Financial Life Planners purchased a new stake in shares of Starbucks during the 4th quarter worth $25,000. Collier Financial purchased a new stake in shares of Starbucks during the 4th quarter worth $27,000. Marshall Investment Management LLC acquired a new position in Starbucks during the 4th quarter valued at about $30,000. Centricity Wealth Management LLC acquired a new position in Starbucks during the 4th quarter valued at about $36,000. Finally, DT Investment Partners LLC increased its position in Starbucks by 39.4% during the 3rd quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock valued at $42,000 after buying an additional 121 shares in the last quarter. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Starbucks Stock Down 1.4 %

Starbucks stock opened at $111.75 on Friday. The firm has a market cap of $126.94 billion, a price-to-earnings ratio of 36.05, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $114.68. The business’s 50-day moving average price is $99.72 and its 200 day moving average price is $97.30.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, topping 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 prior year, the company earned $0.90 EPS. Equities analysts expect that Starbucks Co. will post 2.99 EPS for the current year.

Analyst Upgrades and Downgrades

SBUX has been the topic of several recent analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $115.00 target price on shares of Starbucks in a research report on Friday, January 24th. TD Cowen reaffirmed a “buy” rating and set a $110.00 target price on shares of Starbucks in a research report on Monday, November 11th. Redburn Atlantic reaffirmed a “sell” rating and set a $77.00 target price (down from $84.00) on shares of Starbucks in a research report on Wednesday, November 13th. Barclays upped their target price on Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Finally, Wedbush upped 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. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Starbucks currently has an average rating of “Moderate Buy” and an average target price of $105.33.

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.