Liberty Wealth Management LLC Increases Position in Starbucks Co. (NASDAQ:SBUX)

Liberty Wealth Management LLC lifted its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 2.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,131 shares of the coffee company’s stock after acquiring an additional 114 shares during the quarter. Liberty Wealth Management LLC’s holdings in Starbucks were worth $377,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of SBUX. Financial Life Planners purchased a new stake in shares of Starbucks during the fourth quarter worth $25,000. Collier Financial acquired a new position in shares of Starbucks during the fourth quarter worth $27,000. Marshall Investment Management LLC acquired a new position in shares of Starbucks during the fourth quarter worth $30,000. Noble Wealth Management PBC acquired a new position in shares of Starbucks during the fourth quarter worth $30,000. Finally, Centricity Wealth Management LLC acquired a new position in shares of Starbucks during the fourth quarter worth $36,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Starbucks Stock Performance

NASDAQ SBUX opened at $99.58 on Wednesday. The company has a 50-day simple moving average of $104.48 and a 200-day simple moving average of $99.23. The firm has a market capitalization of $113.11 billion, a PE ratio of 32.12, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99. Starbucks Co. has a one year low of $71.55 and a one year high of $117.46.

Starbucks (NASDAQ:SBUX) last posted 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 last year, the business posted $0.90 earnings per share. Equities analysts forecast that Starbucks Co. will post 2.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on SBUX shares. UBS Group increased their price target on shares of Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Barclays raised their target price on shares of Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Redburn Atlantic reissued a “sell” rating and issued a $77.00 target price (down previously from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. Royal Bank of Canada reissued an “outperform” rating and issued a $115.00 target price on shares of Starbucks in a research note on Friday, January 24th. Finally, BMO Capital Markets raised their target price on shares of Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Three equities research analysts have rated the stock with a sell rating, six have assigned 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.com, Starbucks currently has an average 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.