Starbucks Co. (NASDAQ:SBUX) Shares Purchased by Family Firm Inc.

Family Firm Inc. raised its position in Starbucks Co. (NASDAQ:SBUX) by 9.2% during the fourth quarter, Holdings Channel reports. The firm owned 3,445 shares of the coffee company’s stock after buying an additional 290 shares during the quarter. Family Firm Inc.’s holdings in Starbucks were worth $314,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harrington Investments INC raised its position in Starbucks by 1.7% in the fourth quarter. Harrington Investments INC now owns 36,956 shares of the coffee company’s stock valued at $3,372,000 after purchasing an additional 612 shares during the period. Clearstead Trust LLC raised its position in Starbucks by 222.4% in the fourth quarter. Clearstead Trust LLC now owns 5,907 shares of the coffee company’s stock valued at $539,000 after purchasing an additional 4,075 shares during the period. Greykasell Wealth Strategies Inc. purchased a new stake in shares of Starbucks during the fourth quarter worth $505,000. Picton Mahoney Asset Management purchased a new stake in shares of Starbucks during the fourth quarter worth $226,000. Finally, Wellington Shields & Co. LLC increased its position in shares of Starbucks by 8.6% during the fourth quarter. Wellington Shields & Co. LLC now owns 1,265 shares of the coffee company’s stock worth $115,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Starbucks Trading Up 2.2 %

Shares of SBUX opened at $98.11 on Friday. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $117.46. The stock’s 50 day moving average is $104.82 and its two-hundred day moving average is $99.22. The firm has a market capitalization of $111.44 billion, a PE ratio of 31.65, a P/E/G ratio of 3.59 and a beta of 0.99.

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 posted $0.90 EPS. On average, sell-side analysts predict that Starbucks Co. will post 2.99 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on SBUX shares. UBS Group upped their price objective on Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Wells Fargo & Company upped their price objective on Starbucks from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. Stifel Nicolaus upped their price objective on Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Barclays upped their price objective on Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Finally, BMO Capital Markets raised their price target on Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. 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 issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $105.75.

Starbucks 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.