Oregon Public Employees Retirement Fund Increases Holdings in Starbucks Co. (NASDAQ:SBUX)

Oregon Public Employees Retirement Fund increased its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 0.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 97,129 shares of the coffee company’s stock after buying an additional 190 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Starbucks were worth $8,863,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SBUX. Financial Life Planners acquired a new stake in Starbucks during the fourth quarter worth $25,000. Collier Financial acquired a new stake in shares of Starbucks in the fourth quarter valued at $27,000. Marshall Investment Management LLC acquired a new stake in shares of Starbucks in the fourth quarter valued at $30,000. Centricity Wealth Management LLC acquired a new stake in shares of Starbucks in the fourth quarter valued at $36,000. Finally, Morton Brown Family Wealth LLC grew its stake in shares of 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 buying an additional 154 shares in the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Stock Performance

Starbucks stock opened at $113.00 on Thursday. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $115.24. The company has a market capitalization of $128.36 billion, a P/E ratio of 36.45, a PEG ratio of 3.59 and a beta of 1.00. The stock has a 50-day simple moving average of $101.04 and a 200-day simple moving average of $98.10.

Starbucks (NASDAQ:SBUX) last posted its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, beating 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 period in the prior year, the company posted $0.90 earnings per share. As a group, analysts forecast that Starbucks Co. will post 2.99 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SBUX. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $115.00 price objective on shares of Starbucks in a research note on Friday, January 24th. Wells Fargo & Company lifted their price objective on Starbucks from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Tuesday. UBS Group lifted their price objective on Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Citigroup boosted their target price on Starbucks from $96.00 to $99.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Finally, Stifel Nicolaus boosted their target price on Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.