Centurion Wealth Management LLC Buys 213 Shares of Starbucks Co. (NASDAQ:SBUX)

Centurion Wealth Management LLC grew its position in shares of Starbucks Co. (NASDAQ:SBUX) by 8.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,767 shares of the coffee company’s stock after purchasing an additional 213 shares during the quarter. Centurion Wealth Management LLC’s holdings in Starbucks were worth $253,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Empowered Funds LLC grew its stake in shares of Starbucks by 14.2% in the 3rd quarter. Empowered Funds LLC now owns 39,941 shares of the coffee company’s stock worth $3,894,000 after buying an additional 4,966 shares during the last quarter. Accredited Investors Inc. purchased a new position in shares of Starbucks during the third quarter valued at about $219,000. Atlanta Consulting Group Advisors LLC bought a new position in Starbucks during the third quarter valued at $620,000. Tower Bridge Advisors boosted its holdings in shares of Starbucks by 43.7% in the 3rd quarter. Tower Bridge Advisors now owns 5,391 shares of the coffee company’s stock worth $526,000 after purchasing an additional 1,640 shares during the period. Finally, Alpha Family Trust purchased a new stake in Starbucks during the 3rd quarter valued at $908,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Starbucks Stock Performance

SBUX opened at $98.11 on Monday. The stock has a market capitalization of $111.44 billion, a P/E ratio of 31.65, a price-to-earnings-growth 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. The business’s 50-day simple moving average is $104.82 and its 200-day simple moving average is $99.25.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data 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 net margin of 9.73% and a negative return on equity of 44.97%. During the same period last year, the firm earned $0.90 EPS. On average, equities research analysts forecast that Starbucks Co. will post 2.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SBUX. Wedbush boosted their target price on Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reissued an “outperform” rating and issued a $115.00 price objective on shares of Starbucks in a research report on Friday, January 24th. Stifel Nicolaus boosted their price target on Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a report on Monday, January 27th. BMO Capital Markets increased their price target on Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Finally, Barclays increased their target price 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 issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Starbucks currently has an average rating of “Moderate Buy” and a consensus price target 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.