Pavion Blue Capital LLC Has $1.26 Million Position in Starbucks Co. (NASDAQ:SBUX)

Pavion Blue Capital LLC lifted its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 16.7% during the 4th quarter, HoldingsChannel reports. The firm owned 13,839 shares of the coffee company’s stock after acquiring an additional 1,985 shares during the period. Pavion Blue Capital LLC’s holdings in Starbucks were worth $1,263,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Howard Capital Management Inc. grew its holdings in shares of Starbucks by 3.2% during the 4th quarter. Howard Capital Management Inc. now owns 33,263 shares of the coffee company’s stock valued at $3,035,000 after purchasing an additional 1,033 shares during the last quarter. Wealthspire Advisors LLC grew its holdings in shares of Starbucks by 1.2% during the 4th quarter. Wealthspire Advisors LLC now owns 42,717 shares of the coffee company’s stock valued at $3,898,000 after purchasing an additional 516 shares during the last quarter. Tradewinds Capital Management LLC grew its holdings in shares of Starbucks by 39.4% during the 4th quarter. Tradewinds Capital Management LLC now owns 10,143 shares of the coffee company’s stock valued at $926,000 after purchasing an additional 2,869 shares during the last quarter. Abound Financial LLC bought a new stake in shares of Starbucks during the 4th quarter valued at approximately $427,000. Finally, Marshall Investment Management LLC bought a new stake in shares of Starbucks during the 4th quarter valued at approximately $30,000. 72.29% of the stock is owned by institutional investors.

Starbucks Stock Down 1.4 %

Starbucks stock opened at $111.75 on Friday. Starbucks Co. has a 12-month low of $71.55 and a 12-month high of $114.68. The firm’s fifty day moving average is $99.72 and its 200 day moving average is $97.30. The company has a market capitalization of $126.94 billion, a PE ratio of 36.05, a PEG ratio of 3.59 and a beta of 1.00.

Starbucks (NASDAQ:SBUX) last released its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (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 quarter in the prior year, the firm posted $0.90 EPS. Sell-side analysts expect that Starbucks Co. will post 2.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SBUX. BMO Capital Markets lifted their price target on shares of Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Royal Bank of Canada reissued an “outperform” rating and set a $115.00 target price on shares of Starbucks in a report on Friday, January 24th. TD Cowen reissued a “buy” rating and set a $110.00 target price on shares of Starbucks in a report on Monday, November 11th. Barclays boosted 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. Finally, Wedbush boosted their target price on shares of Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $105.33.

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.