O Shaughnessy Asset Management LLC Purchases 10,342 Shares of Starbucks Co. (NASDAQ:SBUX)

O Shaughnessy Asset Management LLC grew its position in shares of Starbucks Co. (NASDAQ:SBUX) by 10.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 108,991 shares of the coffee company’s stock after buying an additional 10,342 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Starbucks were worth $9,945,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Clearbridge Investments LLC raised its position in shares of Starbucks by 2.0% in the fourth quarter. Clearbridge Investments LLC now owns 4,760,722 shares of the coffee company’s stock valued at $434,416,000 after buying an additional 91,841 shares in the last quarter. Inkwell Capital LLC bought a new position in shares of Starbucks during the fourth quarter valued at $3,456,000. California Public Employees Retirement System lifted its holdings in shares of Starbucks by 16.4% during the fourth quarter. California Public Employees Retirement System now owns 1,801,396 shares of the coffee company’s stock worth $164,377,000 after purchasing an additional 254,363 shares during the period. Summit Securities Group LLC bought a new stake in shares of Starbucks in the fourth quarter worth $135,000. Finally, Schroder Investment Management Group increased its holdings in Starbucks by 15.8% in the fourth quarter. Schroder Investment Management Group now owns 600,469 shares of the coffee company’s stock valued at $54,390,000 after purchasing an additional 81,769 shares during the period. Institutional investors and hedge funds own 72.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SBUX. UBS Group lifted their target price on Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Barclays lifted their price objective on Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Wells Fargo & Company increased their target price on shares of Starbucks from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. Stifel Nicolaus upped their price objective on shares of Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, BMO Capital Markets increased their price objective on shares of Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $106.12.

Starbucks Trading Up 0.4 %

Shares of NASDAQ:SBUX opened at $98.09 on Tuesday. The stock has a market cap of $111.42 billion, a PE ratio of 31.64, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99. The stock’s fifty day simple moving average is $105.81 and its two-hundred day simple moving average is $99.54. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $117.46.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, beating 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 last year, the company earned $0.90 EPS. On average, sell-side analysts forecast that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

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.