Cable Hill Partners LLC Buys 889 Shares of Starbucks Co. (NASDAQ:SBUX)

Cable Hill Partners LLC increased its stake in Starbucks Co. (NASDAQ:SBUX) by 8.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,027 shares of the coffee company’s stock after buying an additional 889 shares during the period. Cable Hill Partners LLC’s holdings in Starbucks were worth $1,097,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SBUX. Financial Life Planners purchased a new position in shares of Starbucks during the fourth quarter worth approximately $25,000. Collier Financial bought a new position in Starbucks in the fourth quarter worth approximately $27,000. Marshall Investment Management LLC purchased a new position in Starbucks during the 4th quarter worth $30,000. Centricity Wealth Management LLC bought a new stake in Starbucks during the 4th quarter valued at $36,000. Finally, Morton Brown Family Wealth LLC lifted its holdings in shares of Starbucks by 43.9% in the 4th quarter. Morton Brown Family Wealth LLC now owns 505 shares of the coffee company’s stock worth $46,000 after buying an additional 154 shares during the period. Institutional investors own 72.29% of the company’s stock.

Starbucks Price Performance

NASDAQ SBUX opened at $113.00 on Thursday. The company has a market cap of $128.36 billion, a price-to-earnings ratio of 36.45, a PEG ratio of 3.59 and a beta of 1.00. The stock’s fifty day moving average price is $101.04 and its 200 day moving average price is $98.10. Starbucks Co. has a 1 year low of $71.55 and a 1 year high of $115.24.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 earnings per share 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 firm earned $0.90 EPS. Research analysts expect that Starbucks Co. will post 2.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SBUX has been the topic of several research reports. TD Cowen restated a “buy” rating and set a $110.00 price target on shares of Starbucks in a research note on Monday, November 11th. Citigroup boosted their price target on shares of Starbucks from $96.00 to $99.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. UBS Group upped their price target on shares of Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Redburn Atlantic reissued a “sell” rating and set a $77.00 price objective (down from $84.00) on shares of Starbucks in a report on Wednesday, November 13th. Finally, Stifel Nicolaus upped their target price on Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Three 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 issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $105.75.

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.