Mountain Hill Investment Partners Corp. Takes $73,000 Position in Starbucks Co. (NASDAQ:SBUX)

Mountain Hill Investment Partners Corp. acquired a new position in Starbucks Co. (NASDAQ:SBUX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 800 shares of the coffee company’s stock, valued at approximately $73,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Financial Life Planners bought a new stake in shares of Starbucks in the fourth quarter valued at approximately $25,000. Collier Financial purchased a new position in Starbucks in the 4th quarter valued at approximately $27,000. Runnymede Capital Advisors Inc. bought a new stake in Starbucks during the 4th quarter valued at $27,000. Marshall Investment Management LLC purchased a new stake in shares of Starbucks during the fourth quarter worth $30,000. Finally, Noble Wealth Management PBC bought a new position in shares of Starbucks in the fourth quarter worth $30,000. 72.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on SBUX shares. Barclays boosted their price objective on Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Argus raised shares of Starbucks from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a report on Tuesday, March 18th. BMO Capital Markets boosted their price objective 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. Stifel Nicolaus increased their target price on shares of Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Finally, 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. Three analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Starbucks has an average rating of “Moderate Buy” and an average price target of $106.12.

Starbucks Trading Down 2.2 %

Shares of NASDAQ:SBUX opened at $97.07 on Monday. Starbucks Co. has a 12-month low of $71.55 and a 12-month high of $117.46. The stock’s 50-day moving average price is $105.41 and its 200-day moving average price is $99.41. The stock has a market capitalization of $110.26 billion, a P/E ratio of 31.31, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99.

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