Starbucks Co. (NASDAQ:SBUX) Shares Bought by First National Advisers LLC

First National Advisers LLC raised its position in Starbucks Co. (NASDAQ:SBUX) by 4.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,363 shares of the coffee company’s stock after buying an additional 385 shares during the period. First National Advisers LLC’s holdings in Starbucks were worth $763,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. GWN Securities Inc. acquired a new position in shares of Starbucks during the 4th quarter worth approximately $219,000. Patten & Patten Inc. TN boosted its holdings in shares of Starbucks by 8.9% during the 4th quarter. Patten & Patten Inc. TN now owns 4,967 shares of the coffee company’s stock worth $453,000 after purchasing an additional 404 shares during the last quarter. Harbour Investments Inc. boosted its holdings in shares of Starbucks by 4.8% during the 4th quarter. Harbour Investments Inc. now owns 14,074 shares of the coffee company’s stock worth $1,284,000 after purchasing an additional 643 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in shares of Starbucks by 0.6% during the 4th quarter. Corient Private Wealth LLC now owns 2,404,451 shares of the coffee company’s stock worth $219,146,000 after purchasing an additional 13,803 shares during the last quarter. Finally, Centurion Wealth Management LLC boosted its holdings in shares of Starbucks by 8.3% during the 4th quarter. Centurion Wealth Management LLC now owns 2,767 shares of the coffee company’s stock worth $253,000 after purchasing an additional 213 shares during the last quarter. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Starbucks Trading Up 2.2 %

Starbucks stock opened at $98.11 on Monday. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $117.46. The stock’s fifty day simple moving average is $104.82 and its 200-day simple moving average is $99.25. The firm has a market capitalization of $111.44 billion, a P/E ratio of 31.65, a P/E/G ratio of 3.59 and a beta of 0.99.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, topping 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 quarter in the prior year, the company earned $0.90 earnings per share. Sell-side analysts predict that Starbucks Co. will post 2.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Stifel Nicolaus boosted their target price on Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $115.00 price target on shares of Starbucks in a research report on Friday, January 24th. BMO Capital Markets lifted their price target on shares of Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Barclays lifted their price target on shares of Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Finally, Wedbush lifted their price target on shares of Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Three analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $105.75.

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.