Starbucks Co. (NASDAQ:SBUX) Stock Position Increased by Nwam LLC

Nwam LLC boosted its position in Starbucks Co. (NASDAQ:SBUX) by 0.3% during the 4th quarter, HoldingsChannel reports. The firm owned 64,060 shares of the coffee company’s stock after buying an additional 192 shares during the quarter. Nwam LLC’s holdings in Starbucks were worth $5,845,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Financial Life Planners bought a new stake in shares of Starbucks during the 4th quarter worth about $25,000. Collier Financial bought a new stake in shares of Starbucks during the 4th quarter worth about $27,000. Marshall Investment Management LLC bought a new stake in shares of Starbucks during the 4th quarter worth about $30,000. Centricity Wealth Management LLC bought a new stake in shares of Starbucks during the 4th quarter worth about $36,000. Finally, FSA Wealth Management LLC bought a new stake in shares of Starbucks during the 3rd quarter worth about $49,000. 72.29% of the stock is currently owned by institutional investors.

Starbucks Stock Performance

Shares of SBUX opened at $113.00 on Thursday. The company’s 50 day moving average price is $101.04 and its 200 day moving average price is $98.10. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $115.24. The company has a market capitalization of $128.36 billion, a PE ratio of 36.45, a PEG ratio of 3.59 and a beta of 1.00.

Starbucks (NASDAQ:SBUX) last announced 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 net margin of 9.73% and a negative return on equity of 44.97%. During the same quarter in the prior year, the firm earned $0.90 EPS. On average, equities analysts forecast that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

SBUX has been the topic of a number of recent analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $115.00 price target on shares of Starbucks in a research report on Friday, January 24th. Barclays lifted their price objective on shares of Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. UBS Group lifted their price objective on shares of Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Redburn Atlantic reaffirmed a “sell” rating and issued a $77.00 price objective (down previously from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. Finally, Citigroup lifted their price objective on shares of Starbucks from $96.00 to $99.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $105.75.

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.