3,765 Shares in Starbucks Co. (NASDAQ:SBUX) Acquired by Advyzon Investment Management LLC

Advyzon Investment Management LLC bought a new position in Starbucks Co. (NASDAQ:SBUX) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,765 shares of the coffee company’s stock, valued at approximately $344,000.

A number of other hedge funds also recently bought and sold shares of the company. Sunpointe LLC bought a new stake in Starbucks in the fourth quarter valued at approximately $219,000. Bryn Mawr Capital Management LLC lifted its position in Starbucks by 106.5% in the fourth quarter. Bryn Mawr Capital Management LLC now owns 23,405 shares of the coffee company’s stock valued at $2,136,000 after purchasing an additional 12,071 shares during the last quarter. Global Retirement Partners LLC lifted its position in Starbucks by 10.0% in the fourth quarter. Global Retirement Partners LLC now owns 51,350 shares of the coffee company’s stock valued at $4,686,000 after purchasing an additional 4,667 shares during the last quarter. Bank of Jackson Hole Trust bought a new stake in Starbucks in the fourth quarter valued at approximately $555,000. Finally, Lorne Steinberg Wealth Management Inc. lifted its position in Starbucks by 1.4% in the fourth quarter. Lorne Steinberg Wealth Management Inc. now owns 53,675 shares of the coffee company’s stock valued at $4,898,000 after purchasing an additional 735 shares during the last quarter. Institutional investors own 72.29% of the company’s stock.

Starbucks Stock Performance

SBUX stock opened at $112.49 on Thursday. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $113.47. The business’s 50-day moving average is $99.13 and its two-hundred day moving average is $96.77. The company has a market cap of $127.78 billion, a price-to-earnings ratio of 36.29, a P/E/G ratio of 3.56 and a beta of 1.00.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, topping the consensus estimate 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 prior year, the company earned $0.90 EPS. Equities analysts predict that Starbucks Co. will post 3 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on SBUX. TD Cowen reiterated a “buy” rating and issued a $110.00 price objective on shares of Starbucks in a research report on Monday, November 11th. Citigroup upped their target price on Starbucks from $96.00 to $99.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Redburn Atlantic restated a “sell” rating and set a $77.00 target price (down previously from $84.00) on shares of Starbucks in a report on Wednesday, November 13th. Stifel Nicolaus upped their target price on Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a report on Monday, January 27th. Finally, Wells Fargo & Company upped their target price on Starbucks from $110.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday, November 26th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $105.33.

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.