2,947 Shares in Starbucks Co. (NASDAQ:SBUX) Bought by Plancorp LLC

Plancorp LLC bought a new position in shares of Starbucks Co. (NASDAQ:SBUX) in the fourth quarter, HoldingsChannel reports. The fund bought 2,947 shares of the coffee company’s stock, valued at approximately $269,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of SBUX. Financial Life Planners acquired a new position in shares of Starbucks during the fourth quarter worth $25,000. Collier Financial acquired a new position in Starbucks in the fourth quarter valued at $27,000. Runnymede Capital Advisors Inc. acquired a new position in Starbucks in the fourth quarter valued at $27,000. Marshall Investment Management LLC acquired a new position in Starbucks in the fourth quarter valued at $30,000. Finally, Noble Wealth Management PBC acquired a new position in Starbucks in the fourth quarter valued at $30,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on SBUX shares. Stifel Nicolaus upped their price objective on shares of Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a research note on Monday, January 27th. BMO Capital Markets upped their price objective 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. Royal Bank of Canada restated an “outperform” rating and issued a $115.00 price objective on shares of Starbucks in a research note on Friday, January 24th. Wedbush upped their price objective on shares of Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Finally, Argus raised shares of Starbucks from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a report on Tuesday, March 18th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Starbucks currently has an average rating of “Moderate Buy” and an average target price of $106.12.

Starbucks Trading Down 2.2 %

Shares of Starbucks stock opened at $97.07 on Friday. Starbucks Co. has a 12-month low of $71.55 and a 12-month high of $117.46. The stock has a market cap of $110.26 billion, a PE ratio of 31.31, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99. The company has a 50-day moving average of $105.41 and a two-hundred day moving average of $99.36.

Starbucks (NASDAQ:SBUX) last issued 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 period in the previous year, the firm earned $0.90 earnings per share. On average, sell-side analysts forecast 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.