Modera Wealth Management LLC Has $13.57 Million Stock Holdings in Starbucks Co. (NASDAQ:SBUX)

Modera Wealth Management LLC raised its holdings in Starbucks Co. (NASDAQ:SBUX) by 1.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 148,678 shares of the coffee company’s stock after buying an additional 1,610 shares during the quarter. Modera Wealth Management LLC’s holdings in Starbucks were worth $13,567,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in SBUX. Financial Life Planners bought a new stake in shares of Starbucks during the fourth quarter valued at approximately $25,000. Collier Financial acquired a new stake in Starbucks during the fourth quarter worth $27,000. Marshall Investment Management LLC acquired a new stake in Starbucks during the fourth quarter worth $30,000. Noble Wealth Management PBC acquired a new position in shares of Starbucks in the 4th quarter valued at $30,000. Finally, Centricity Wealth Management LLC acquired a new position in shares of Starbucks in the 4th quarter valued at $36,000. 72.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SBUX. Barclays upped 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. Royal Bank of Canada reiterated an “outperform” rating and issued a $115.00 price objective on shares of Starbucks in a research note on Friday, January 24th. 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. UBS Group upped their price target on Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Finally, Stifel Nicolaus boosted their target price 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. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $105.75.

Starbucks Stock Performance

Shares of SBUX stock opened at $115.81 on Friday. The firm’s 50 day moving average price is $102.11 and its two-hundred day moving average price is $98.51. The stock has a market cap of $131.55 billion, a PE ratio of 37.36, a PEG ratio of 3.59 and a beta of 1.00. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $116.09.

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