Impact Capital Partners LLC Acquires Shares of 5,318 Starbucks Co. (NASDAQ:SBUX)

Impact Capital Partners LLC acquired a new stake in shares of Starbucks Co. (NASDAQ:SBUX) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,318 shares of the coffee company’s stock, valued at approximately $485,000.

Several other institutional investors have also added to or reduced their stakes in the business. DecisionMap Wealth Management LLC purchased a new stake in Starbucks during the fourth quarter valued at about $617,000. HBK Sorce Advisory LLC lifted its holdings in Starbucks by 3.5% during the fourth quarter. HBK Sorce Advisory LLC now owns 8,966 shares of the coffee company’s stock valued at $818,000 after purchasing an additional 307 shares during the last quarter. Wintrust Investments LLC lifted its holdings in Starbucks by 7.1% during the fourth quarter. Wintrust Investments LLC now owns 1,411 shares of the coffee company’s stock valued at $128,000 after purchasing an additional 94 shares during the last quarter. Achmea Investment Management B.V. increased its position in shares of Starbucks by 2.3% during the fourth quarter. Achmea Investment Management B.V. now owns 21,212 shares of the coffee company’s stock valued at $1,935,000 after buying an additional 467 shares during the period. Finally, Liberty Wealth Management LLC increased its position in shares of Starbucks by 2.8% during the fourth quarter. Liberty Wealth Management LLC now owns 4,131 shares of the coffee company’s stock valued at $377,000 after buying an additional 114 shares during the period. 72.29% of the stock is owned by hedge funds and other institutional investors.

Starbucks Trading Down 2.7 %

Shares of NASDAQ:SBUX opened at $96.04 on Friday. The stock’s 50-day moving average price is $104.71 and its 200-day moving average price is $99.20. Starbucks Co. has a 12-month low of $71.55 and a 12-month high of $117.46. The stock has a market capitalization of $109.09 billion, a P/E ratio of 30.98, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data 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 negative return on equity of 44.97% and a net margin of 9.73%. During the same quarter in the previous year, the company earned $0.90 EPS. As a group, research analysts predict that Starbucks Co. will post 2.99 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. 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. Barclays upped their price target on Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and set a $115.00 price target on shares of Starbucks in a research report on Friday, January 24th. Wedbush upped their price target on Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Finally, Stifel Nicolaus upped their price target on Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a research report 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $105.75.

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.