Runnymede Capital Advisors Inc. Makes New $27,000 Investment in Starbucks Co. (NASDAQ:SBUX)

Runnymede Capital Advisors Inc. acquired a new position in Starbucks Co. (NASDAQ:SBUX) during the 4th quarter, HoldingsChannel reports. The fund acquired 300 shares of the coffee company’s stock, valued at approximately $27,000.

Other institutional investors also recently modified their holdings of the company. Financial Life Planners bought a new stake in shares of Starbucks in the fourth quarter worth $25,000. Collier Financial bought a new stake in shares of Starbucks in the fourth quarter worth $27,000. Marshall Investment Management LLC bought a new stake in shares of Starbucks in the fourth quarter worth $30,000. Noble Wealth Management PBC bought a new stake in shares of Starbucks in the fourth quarter worth $30,000. Finally, Centricity Wealth Management LLC bought a new stake in shares of Starbucks in the fourth quarter worth $36,000. Institutional investors own 72.29% of the company’s stock.

Starbucks Stock Performance

Shares of SBUX stock opened at $97.07 on Friday. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $117.46. The company has a 50-day simple moving average of $105.41 and a two-hundred day simple moving average of $99.36. The company has a market capitalization of $110.26 billion, a price-to-earnings ratio of 31.31, a PEG ratio of 3.59 and a beta of 0.99.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data 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 period in the prior year, the business posted $0.90 earnings per share. On average, sell-side analysts forecast that Starbucks Co. will post 2.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SBUX shares. Argus upgraded shares of Starbucks from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a report on Tuesday, March 18th. BMO Capital Markets boosted their target price on shares of Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. UBS Group boosted 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 restated an “outperform” rating and issued a $115.00 target price on shares of Starbucks in a report on Friday, January 24th. Finally, Wells Fargo & Company boosted their target price on shares of Starbucks from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $106.12.

Starbucks Company 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.