Starbucks Co. (NASDAQ:SBUX) Shares Acquired by Stegent Equity Advisors Inc.

Stegent Equity Advisors Inc. lifted its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 5.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,100 shares of the coffee company’s stock after buying an additional 256 shares during the quarter. Stegent Equity Advisors Inc.’s holdings in Starbucks were worth $465,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Financial Life Planners acquired a new stake in Starbucks in the fourth quarter valued at about $25,000. Collier Financial acquired a new stake in Starbucks in the fourth quarter valued at about $27,000. Marshall Investment Management LLC acquired a new stake in Starbucks in the fourth quarter valued at about $30,000. Centricity Wealth Management LLC acquired a new stake in Starbucks in the fourth quarter valued at about $36,000. Finally, Morton Brown Family Wealth LLC lifted its position in Starbucks by 43.9% in the fourth quarter. Morton Brown Family Wealth LLC now owns 505 shares of the coffee company’s stock valued at $46,000 after purchasing an additional 154 shares during the period. Institutional investors and hedge funds own 72.29% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on SBUX shares. Stifel Nicolaus raised their price objective on shares of Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Wedbush increased their target price on shares of Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. UBS Group increased their target price on shares of Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $115.00 target price on shares of Starbucks in a report on Friday, January 24th. Finally, Barclays increased their target price on shares of Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $105.75.

Starbucks Stock Performance

Shares of NASDAQ SBUX opened at $113.00 on Thursday. Starbucks Co. has a 1 year low of $71.55 and a 1 year high of $115.24. The firm’s 50 day moving average price is $101.04 and its 200 day moving average price is $98.10. The firm has a market cap of $128.36 billion, a P/E ratio of 36.45, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, topping 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 last year, the company earned $0.90 EPS. As a group, equities analysts predict that Starbucks Co. will post 2.99 EPS for the current 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.