Terra Alpha Investments LLC Buys Shares of 34,630 Starbucks Co. (NASDAQ:SBUX)

Terra Alpha Investments LLC bought a new stake in shares of Starbucks Co. (NASDAQ:SBUX) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 34,630 shares of the coffee company’s stock, valued at approximately $3,160,000. Starbucks makes up approximately 3.2% of Terra Alpha Investments LLC’s investment portfolio, making the stock its 14th largest position.

A number of other institutional investors and hedge funds have also bought and sold shares of SBUX. Financial Life Planners bought a new stake in Starbucks during the 4th quarter valued at $25,000. Collier Financial bought a new position in shares of Starbucks in the 4th quarter worth $27,000. Marshall Investment Management LLC bought a new position in shares of Starbucks in the 4th quarter worth $30,000. Noble Wealth Management PBC bought a new position in shares of Starbucks in the 4th quarter worth $30,000. Finally, Centricity Wealth Management LLC bought a new position in shares of Starbucks in the 4th quarter worth $36,000. 72.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Stifel Nicolaus boosted their price target on Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. BMO Capital Markets boosted their target price on Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. UBS Group boosted their target price on Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Wedbush boosted their target price on Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Finally, Barclays boosted their target price on Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $105.75.

Starbucks Stock Up 2.2 %

Shares of SBUX stock opened at $98.11 on Monday. The stock has a market cap of $111.44 billion, a PE ratio of 31.65, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99. The business has a 50-day simple moving average of $104.82 and a 200-day simple moving average of $99.25. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $117.46.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, beating 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 in the previous year, the firm posted $0.90 earnings per share. Sell-side analysts anticipate 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.