Starbucks Co. (NASDAQ:SBUX) Shares Purchased by Howard Capital Management Inc.

Howard Capital Management Inc. raised its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 3.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,263 shares of the coffee company’s stock after buying an additional 1,033 shares during the period. Howard Capital Management Inc.’s holdings in Starbucks were worth $3,035,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Wealthspire Advisors LLC lifted its position in Starbucks by 1.2% during the fourth quarter. Wealthspire Advisors LLC now owns 42,717 shares of the coffee company’s stock valued at $3,898,000 after buying an additional 516 shares in the last quarter. Tradewinds Capital Management LLC lifted its position in Starbucks by 39.4% during the fourth quarter. Tradewinds Capital Management LLC now owns 10,143 shares of the coffee company’s stock valued at $926,000 after buying an additional 2,869 shares in the last quarter. Abound Financial LLC acquired a new position in shares of Starbucks during the fourth quarter worth $427,000. Marshall Investment Management LLC acquired a new position in shares of Starbucks during the fourth quarter worth $30,000. Finally, Sigma Planning Corp lifted its position in shares of Starbucks by 5.0% during the fourth quarter. Sigma Planning Corp now owns 21,341 shares of the coffee company’s stock worth $1,947,000 after purchasing an additional 1,018 shares in the last quarter. 72.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. BMO Capital Markets boosted their target price 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. Barclays boosted their target price on shares of Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Redburn Atlantic reissued a “sell” rating and set a $77.00 target price (down from $84.00) on shares of Starbucks in a research report on Wednesday, November 13th. TD Cowen reissued a “buy” rating and set a $110.00 target price on shares of Starbucks in a research report on Monday, November 11th. Finally, Wells Fargo & Company boosted their target price on shares of Starbucks from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 26th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $105.33.

Starbucks Stock Performance

Starbucks stock opened at $111.75 on Friday. The company has a 50-day simple moving average of $99.72 and a 200-day simple moving average of $97.30. The firm has a market capitalization of $126.94 billion, a P/E ratio of 36.05, a P/E/G ratio of 3.59 and a beta of 1.00. Starbucks Co. has a one year low of $71.55 and a one year high of $114.68.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, topping 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 company earned $0.90 earnings per share. As a group, sell-side analysts forecast that Starbucks Co. will post 2.99 earnings per share for the current year.

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.