Fort Sheridan Advisors LLC Boosts Stock Position in Starbucks Co. (NASDAQ:SBUX)

Fort Sheridan Advisors LLC increased its holdings in Starbucks Co. (NASDAQ:SBUX) by 24.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,935 shares of the coffee company’s stock after purchasing an additional 585 shares during the quarter. Fort Sheridan Advisors LLC’s holdings in Starbucks were worth $268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of SBUX. Financial Life Planners bought a new position in Starbucks in the fourth quarter worth about $25,000. Collier Financial bought a new stake in Starbucks during the 4th quarter valued at approximately $27,000. Marshall Investment Management LLC purchased a new position in shares of Starbucks during the 4th quarter worth approximately $30,000. Centricity Wealth Management LLC bought a new position in shares of Starbucks in the 4th quarter worth approximately $36,000. Finally, Morton Brown Family Wealth LLC lifted its stake in shares of Starbucks by 43.9% in the 4th quarter. Morton Brown Family Wealth LLC now owns 505 shares of the coffee company’s stock valued at $46,000 after purchasing an additional 154 shares during the period. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. TD Cowen reaffirmed a “buy” rating and issued a $110.00 price target on shares of Starbucks in a research note on Monday, November 11th. UBS Group upped their target price 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. Wells Fargo & Company lifted their price target on shares of Starbucks from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Tuesday. 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 report on Monday, January 27th. Finally, Barclays lifted their target price on shares of Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Starbucks has a consensus rating of “Moderate Buy” and a consensus target price of $105.75.

Starbucks Stock Up 1.2 %

Shares of Starbucks stock opened at $115.81 on Friday. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $116.09. The company’s 50 day moving average is $102.11 and its 200 day moving average is $98.49. The company has a market cap of $131.55 billion, a price-to-earnings ratio of 37.36, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00.

Starbucks (NASDAQ:SBUX) last released its quarterly 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 quarter in the previous year, the business posted $0.90 EPS. Sell-side analysts expect that Starbucks Co. will post 2.99 EPS for the current fiscal year.

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.