Advisor OS LLC Acquires 139 Shares of Starbucks Co. (NASDAQ:SBUX)

Advisor OS LLC grew its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 3.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,548 shares of the coffee company’s stock after buying an additional 139 shares during the period. Advisor OS LLC’s holdings in Starbucks were worth $415,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of SBUX. Strategic Financial Concepts LLC bought a new position in Starbucks in the 4th quarter worth about $62,000. Weil Company Inc. boosted its stake in Starbucks by 31.2% in the 3rd quarter. Weil Company Inc. now owns 34,580 shares of the coffee company’s stock worth $3,371,000 after purchasing an additional 8,222 shares in the last quarter. Maia Wealth LLC boosted its stake in Starbucks by 69.1% in the 3rd quarter. Maia Wealth LLC now owns 18,582 shares of the coffee company’s stock worth $1,805,000 after purchasing an additional 7,596 shares in the last quarter. Investment Management Corp of Ontario boosted its stake in Starbucks by 48.6% in the 3rd quarter. Investment Management Corp of Ontario now owns 37,584 shares of the coffee company’s stock worth $3,664,000 after purchasing an additional 12,300 shares in the last quarter. Finally, Aljian Capital Management LLC boosted its stake in Starbucks by 48.5% in the 3rd quarter. Aljian Capital Management LLC now owns 30,422 shares of the coffee company’s stock worth $2,966,000 after purchasing an additional 9,936 shares in the last quarter. Institutional investors own 72.29% of the company’s stock.

Starbucks Trading Up 1.3 %

NASDAQ SBUX opened at $114.49 on Friday. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $115.70. The stock has a market cap of $130.05 billion, a price-to-earnings ratio of 36.93, a PEG ratio of 3.59 and a beta of 1.00. The company’s 50 day moving average is $101.55 and its two-hundred day moving average is $98.22.

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

Wall Street Analysts Forecast Growth

SBUX has been the topic of a number of analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $115.00 price target on shares of Starbucks in a research note on Friday, January 24th. Wells Fargo & Company boosted their target price on Starbucks from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Tuesday. TD Cowen reissued a “buy” rating and issued a $110.00 target price on shares of Starbucks in a research report on Monday, November 11th. UBS Group boosted their target price on Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. 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 report on Monday, January 27th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Starbucks has a consensus rating of “Moderate Buy” and an average target price of $105.75.

About Starbucks

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.