IFP Advisors Inc Acquires 228 Shares of Starbucks Co. (NASDAQ:SBUX)

IFP Advisors Inc increased its stake in Starbucks Co. (NASDAQ:SBUX) by 0.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 50,027 shares of the coffee company’s stock after buying an additional 228 shares during the quarter. IFP Advisors Inc’s holdings in Starbucks were worth $4,566,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of SBUX. Kuhn & Co Investment Counsel increased its holdings in Starbucks by 2.3% in the 4th quarter. Kuhn & Co Investment Counsel now owns 4,240 shares of the coffee company’s stock worth $387,000 after buying an additional 96 shares during the period. Jmac Enterprises LLC boosted its holdings in shares of Starbucks by 1.0% in the 4th quarter. Jmac Enterprises LLC now owns 9,995 shares of the coffee company’s stock valued at $912,000 after acquiring an additional 103 shares during the last quarter. Aspire Capital Advisors LLC increased its stake in shares of Starbucks by 0.5% in the fourth quarter. Aspire Capital Advisors LLC now owns 23,210 shares of the coffee company’s stock worth $2,118,000 after acquiring an additional 104 shares during the period. Optas LLC raised its holdings in shares of Starbucks by 0.6% during the fourth quarter. Optas LLC now owns 16,711 shares of the coffee company’s stock worth $1,525,000 after purchasing an additional 105 shares during the last quarter. Finally, Boomfish Wealth Group LLC lifted its position in Starbucks by 0.7% during the fourth quarter. Boomfish Wealth Group LLC now owns 15,335 shares of the coffee company’s stock valued at $1,399,000 after purchasing an additional 108 shares during the period. 72.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Stifel Nicolaus lifted their price objective on Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Royal Bank of Canada reiterated an “outperform” rating and set a $115.00 price target on shares of Starbucks in a research report on Friday, January 24th. Citigroup boosted their price target on Starbucks from $96.00 to $99.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. TD Cowen reaffirmed a “buy” rating and set a $110.00 target price on shares of Starbucks in a report on Monday, November 11th. Finally, Barclays increased their price target on shares of Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Three research 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, Starbucks currently has a consensus rating of “Moderate Buy” and an average price target of $105.33.

Starbucks Trading Up 1.3 %

Shares of NASDAQ SBUX opened at $113.19 on Tuesday. The stock has a market cap of $128.57 billion, a PE ratio of 36.51, a P/E/G ratio of 3.59 and a beta of 1.00. Starbucks Co. has a 12-month low of $71.55 and a 12-month high of $114.68. The company has a 50-day moving average of $100.13 and a 200 day moving average of $97.72.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (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 last year, the firm earned $0.90 earnings per share. On average, sell-side analysts forecast that Starbucks Co. will post 2.99 EPS for the current fiscal year.

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.