Starbucks Co. (NASDAQ:SBUX) Shares Bought by Douglass Winthrop Advisors LLC

Douglass Winthrop Advisors LLC lifted its holdings in Starbucks Co. (NASDAQ:SBUX) by 0.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,166 shares of the coffee company’s stock after purchasing an additional 135 shares during the period. Douglass Winthrop Advisors LLC’s holdings in Starbucks were worth $2,661,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Financial Life Planners acquired a new position in Starbucks in the fourth quarter worth approximately $25,000. Collier Financial bought a new stake in shares of Starbucks during the 4th quarter worth $27,000. Marshall Investment Management LLC acquired a new position in shares of Starbucks in the 4th quarter worth $30,000. Noble Wealth Management PBC acquired a new stake in shares of Starbucks during the fourth quarter worth $30,000. Finally, Centricity Wealth Management LLC purchased a new stake in shares of Starbucks during the fourth quarter valued at $36,000. 72.29% of the stock is currently owned by institutional investors.

Starbucks Price Performance

NASDAQ SBUX opened at $99.28 on Friday. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $117.46. The stock’s 50-day moving average is $105.31 and its two-hundred day moving average is $99.30. The firm has a market cap of $112.77 billion, a P/E ratio of 32.03, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates 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 business posted $0.90 EPS. On average, equities analysts expect that Starbucks Co. will post 2.99 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SBUX. Stifel Nicolaus lifted their price target on Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Wells Fargo & Company boosted their price target on shares of Starbucks from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. 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. Barclays boosted 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. Finally, BMO Capital Markets raised their target price on Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $106.12.

Starbucks Company 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.