Corient Private Wealth LLC Acquires 13,803 Shares of Starbucks Co. (NASDAQ:SBUX)

Corient Private Wealth LLC boosted its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 0.6% during the 4th quarter, Holdings Channel reports. The firm owned 2,404,451 shares of the coffee company’s stock after buying an additional 13,803 shares during the period. Corient Private Wealth LLC’s holdings in Starbucks were worth $219,146,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SBUX. Financial Life Planners purchased a new position in Starbucks during the 4th quarter valued at approximately $25,000. Collier Financial purchased a new position in Starbucks during the 4th quarter valued at approximately $27,000. Marshall Investment Management LLC purchased a new position in Starbucks during the 4th quarter valued at approximately $30,000. Noble Wealth Management PBC purchased a new position in Starbucks during the 4th quarter valued at approximately $30,000. Finally, Centricity Wealth Management LLC purchased a new position in Starbucks during the 4th quarter valued at approximately $36,000. Institutional investors own 72.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Stifel Nicolaus raised their price target on Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a report on Monday, January 27th. Wells Fargo & Company raised their price target on 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 reiterated an “outperform” rating and issued a $115.00 target price on shares of Starbucks in a report on Friday, January 24th. UBS Group lifted their target price on Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Finally, Wedbush lifted their target price on Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $105.75.

Starbucks Stock Up 2.2 %

Shares of NASDAQ SBUX opened at $98.11 on Friday. The business has a fifty day simple moving average of $104.82 and a two-hundred day simple moving average of $99.22. The firm has a market cap of $111.44 billion, a PE ratio of 31.65, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $117.46.

Starbucks (NASDAQ:SBUX) last issued its earnings results 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 quarter last year, the firm posted $0.90 earnings per share. On average, research analysts expect that Starbucks Co. will post 2.99 earnings per share for the current 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.