Vinva Investment Management Ltd Has $2.18 Million Position in Starbucks Co. (NASDAQ:SBUX)

Vinva Investment Management Ltd lowered its position in Starbucks Co. (NASDAQ:SBUX) by 29.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,110 shares of the coffee company’s stock after selling 10,085 shares during the quarter. Vinva Investment Management Ltd’s holdings in Starbucks were worth $2,184,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Quest Partners LLC acquired a new stake in shares of Starbucks during the 3rd quarter worth about $115,000. Prospera Private Wealth LLC acquired a new stake in shares of Starbucks during the 3rd quarter worth about $307,000. Segall Bryant & Hamill LLC acquired a new stake in shares of Starbucks during the 3rd quarter worth about $8,832,000. Strategy Asset Managers LLC lifted its stake in shares of Starbucks by 18.8% during the 3rd quarter. Strategy Asset Managers LLC now owns 5,856 shares of the coffee company’s stock worth $571,000 after buying an additional 927 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Starbucks during the 3rd quarter worth about $7,675,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Trading Up 0.1 %

Shares of Starbucks stock opened at $99.28 on Friday. The firm has a market capitalization of $112.77 billion, a PE ratio of 32.03, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99. The firm’s 50 day moving average is $105.31 and its 200 day moving average is $99.30. Starbucks Co. has a 1 year low of $71.55 and a 1 year high of $117.46.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm posted $0.90 EPS. As a group, research analysts anticipate that Starbucks Co. will post 2.99 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on SBUX shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $115.00 price target on shares of Starbucks in a research report on Friday, January 24th. Wells Fargo & Company raised their price target on shares of Starbucks from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. UBS Group raised their price target 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. Argus raised shares of Starbucks from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a research report on Tuesday. Finally, BMO Capital Markets raised their price target on shares of Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $106.12.

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.