Banco de Sabadell S.A Has $1.90 Million Position in Starbucks Co. (NASDAQ:SBUX)

Banco de Sabadell S.A boosted its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 2.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 20,829 shares of the coffee company’s stock after acquiring an additional 524 shares during the period. Banco de Sabadell S.A’s holdings in Starbucks were worth $1,901,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Financial Life Planners purchased a new stake in shares of Starbucks in the fourth quarter worth approximately $25,000. Collier Financial purchased a new position in shares of Starbucks in the 4th quarter worth about $27,000. Runnymede Capital Advisors Inc. bought a new position in Starbucks during the fourth quarter valued at about $27,000. Marshall Investment Management LLC purchased a new stake in Starbucks during the fourth quarter worth about $30,000. Finally, Noble Wealth Management PBC bought a new stake in Starbucks in the fourth quarter worth about $30,000. 72.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SBUX. Argus upgraded shares of Starbucks from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a research note on Tuesday, March 18th. Stifel Nicolaus raised their target price 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 target on Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Wedbush lifted their price objective on Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $115.00 price objective on shares of Starbucks in a report on Friday, January 24th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Starbucks currently has a consensus rating of “Moderate Buy” and an average target price of $106.12.

Starbucks Price Performance

SBUX stock opened at $97.07 on Friday. The firm has a 50 day simple moving average of $105.41 and a two-hundred day simple moving average of $99.36. The stock has a market cap of $110.26 billion, a PE ratio of 31.31, a P/E/G ratio of 3.59 and a beta of 0.99. Starbucks Co. has a one year low of $71.55 and a one year high of $117.46.

Starbucks (NASDAQ:SBUX) last released its earnings results 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 period in the previous year, the firm earned $0.90 EPS. On average, research analysts expect that Starbucks Co. will post 2.99 EPS for the current fiscal year.

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.