Leelyn Smith LLC Raises Holdings in Starbucks Co. (NASDAQ:SBUX)

Leelyn Smith LLC increased its position in shares of Starbucks Co. (NASDAQ:SBUX) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,252 shares of the coffee company’s stock after buying an additional 957 shares during the period. Leelyn Smith LLC’s holdings in Starbucks were worth $4,038,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in SBUX. Financial Life Planners bought a new stake in Starbucks during the 4th quarter valued at $25,000. Collier Financial purchased a new stake in shares of Starbucks during the 4th quarter worth $27,000. Marshall Investment Management LLC bought a new stake in Starbucks during the fourth quarter valued at about $30,000. Noble Wealth Management PBC purchased a new position in Starbucks in the fourth quarter valued at about $30,000. Finally, Centricity Wealth Management LLC bought a new position in Starbucks in the fourth quarter worth about $36,000. 72.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SBUX. Wells Fargo & Company raised their price target on shares of Starbucks from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. Royal Bank of Canada restated an “outperform” rating and issued a $115.00 target price on shares of Starbucks in a research note on Friday, January 24th. Stifel Nicolaus upped 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 raised their price objective on Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Finally, Barclays upped their target price on Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Three investment 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, Starbucks presently has an average rating of “Moderate Buy” and an average target price of $105.75.

Starbucks Stock Up 1.0 %

Starbucks stock opened at $99.08 on Tuesday. The business’s 50-day moving average price is $104.94 and its 200 day moving average price is $99.28. The firm has a market cap of $112.54 billion, a price-to-earnings ratio of 31.96, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99. 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 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 previous year, the business posted $0.90 EPS. Equities analysts expect that Starbucks Co. will post 2.99 EPS for the current year.

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.