Starbucks Co. (NASDAQ:SBUX) Holdings Lifted by WINTON GROUP Ltd

WINTON GROUP Ltd raised its stake in Starbucks Co. (NASDAQ:SBUX) by 187.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 149,025 shares of the coffee company’s stock after buying an additional 97,117 shares during the quarter. Starbucks accounts for about 0.9% of WINTON GROUP Ltd’s holdings, making the stock its 18th biggest position. WINTON GROUP Ltd’s holdings in Starbucks were worth $13,599,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quest Partners LLC bought a new stake in Starbucks during the third quarter worth approximately $115,000. The Manufacturers Life Insurance Company raised its stake in Starbucks by 19.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,181,179 shares of the coffee company’s stock valued at $212,643,000 after purchasing an additional 357,046 shares during the last quarter. FMR LLC boosted its holdings in Starbucks by 55.0% in the 3rd quarter. FMR LLC now owns 19,779,859 shares of the coffee company’s stock valued at $1,928,339,000 after purchasing an additional 7,015,375 shares during the period. Avestar Capital LLC grew its position in Starbucks by 20.3% in the 3rd quarter. Avestar Capital LLC now owns 7,646 shares of the coffee company’s stock worth $745,000 after purchasing an additional 1,292 shares during the last quarter. Finally, Transamerica Financial Advisors Inc. increased its holdings in shares of Starbucks by 25.6% during the 3rd quarter. Transamerica Financial Advisors Inc. now owns 7,667 shares of the coffee company’s stock worth $748,000 after purchasing an additional 1,562 shares during the period. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Starbucks Stock Up 2.2 %

Shares of SBUX stock opened at $97.97 on Thursday. The firm has a market cap of $111.28 billion, a price-to-earnings ratio of 31.60, a PEG 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 stock has a 50-day moving average price of $105.61 and a 200 day moving average price of $99.47.

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on SBUX shares. 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. Wedbush raised their price objective on shares of Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Stifel Nicolaus lifted their price objective on Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a report on Monday, January 27th. Barclays increased their target price on Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $115.00 price target on shares of Starbucks in a research note on Friday, January 24th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $106.12.

Starbucks Company 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.