Segall Bryant & Hamill LLC Has $9.52 Million Position in Starbucks Co. (NASDAQ:SBUX)

Segall Bryant & Hamill LLC increased its holdings in Starbucks Co. (NASDAQ:SBUX) by 15.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 104,272 shares of the coffee company’s stock after purchasing an additional 13,683 shares during the period. Segall Bryant & Hamill LLC’s holdings in Starbucks were worth $9,515,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SBUX. Financial Life Planners bought a new position in shares of Starbucks during the 4th quarter worth approximately $25,000. Collier Financial bought a new position in shares of Starbucks during the fourth quarter valued at $27,000. Runnymede Capital Advisors Inc. bought a new stake in shares of Starbucks in the 4th quarter worth about $27,000. Marshall Investment Management LLC acquired a new stake in shares of Starbucks during the 4th quarter worth about $30,000. Finally, Noble Wealth Management PBC bought a new position in Starbucks during the 4th quarter valued at about $30,000. Institutional investors own 72.29% of the company’s stock.

Starbucks Stock Up 2.2 %

Shares of NASDAQ SBUX opened at $97.97 on Thursday. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $117.46. The stock has a market cap of $111.28 billion, a price-to-earnings ratio of 31.60, a P/E/G ratio of 3.59 and a beta of 0.99. The company’s fifty day moving average is $105.61 and its 200-day moving average is $99.47.

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

Analyst Ratings Changes

Several analysts have weighed in on the stock. Stifel Nicolaus upped their price objective on shares of Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Wedbush raised their price target on Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Barclays boosted their price objective on Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. BMO Capital Markets raised their target price on Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Finally, UBS Group upped their price target on shares of Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $106.12.

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.