10,926 Shares in Starbucks Co. (NASDAQ:SBUX) Bought by ZEGA Investments LLC

ZEGA Investments LLC bought a new position in Starbucks Co. (NASDAQ:SBUX) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 10,926 shares of the coffee company’s stock, valued at approximately $1,080,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Millstone Evans Group LLC bought a new position in shares of Starbucks in the fourth quarter worth about $1,004,000. Whittier Trust Co. of Nevada Inc. grew its holdings in Starbucks by 2.9% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 49,215 shares of the coffee company’s stock valued at $4,491,000 after buying an additional 1,396 shares during the last quarter. Douglass Winthrop Advisors LLC increased its position in Starbucks by 0.5% in the 4th quarter. Douglass Winthrop Advisors LLC now owns 29,166 shares of the coffee company’s stock worth $2,661,000 after buying an additional 135 shares during the period. Holderness Investments Co. lifted its holdings in shares of Starbucks by 5.4% during the fourth quarter. Holderness Investments Co. now owns 3,792 shares of the coffee company’s stock worth $346,000 after buying an additional 193 shares during the last quarter. Finally, Whittier Trust Co. boosted its position in shares of Starbucks by 4.1% in the fourth quarter. Whittier Trust Co. now owns 74,531 shares of the coffee company’s stock valued at $6,801,000 after acquiring an additional 2,962 shares during the period. Institutional investors and hedge funds own 72.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on SBUX shares. 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. BMO Capital Markets increased their target price on shares of Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Argus raised Starbucks from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a report on Tuesday. Wells Fargo & Company lifted their price objective on Starbucks from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Finally, Wedbush upped their target price on Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $106.12.

Starbucks Stock Down 2.2 %

Shares of NASDAQ:SBUX opened at $97.07 on Friday. The firm has a market cap of $110.26 billion, a P/E ratio of 31.31, a P/E/G ratio of 3.59 and a beta of 0.99. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $117.46. The company’s 50-day moving average price is $105.41 and its two-hundred day moving average price is $99.32.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, beating the consensus estimate 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 company earned $0.90 EPS. As a group, equities 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.