Quantbot Technologies LP raised its holdings in Starbucks Corporation (NASDAQ:SBUX – Free Report) by 203.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 47,465 shares of the coffee company’s stock after purchasing an additional 31,816 shares during the period. Quantbot Technologies LP’s holdings in Starbucks were worth $4,016,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in SBUX. Cooper Haims Advisors LLC increased its holdings in Starbucks by 3.0% in the 2nd quarter. Cooper Haims Advisors LLC now owns 3,749 shares of the coffee company’s stock worth $344,000 after acquiring an additional 110 shares in the last quarter. Silver Oak Securities Incorporated grew its position in shares of Starbucks by 2.4% in the third quarter. Silver Oak Securities Incorporated now owns 5,288 shares of the coffee company’s stock valued at $447,000 after purchasing an additional 122 shares during the period. Pioneer Trust Bank N A OR increased its stake in shares of Starbucks by 1.1% during the third quarter. Pioneer Trust Bank N A OR now owns 11,437 shares of the coffee company’s stock worth $968,000 after purchasing an additional 125 shares in the last quarter. Cary Street Partners Investment Advisory LLC increased its stake in shares of Starbucks by 3.5% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 3,765 shares of the coffee company’s stock worth $345,000 after purchasing an additional 126 shares in the last quarter. Finally, Capital Advisors Wealth Management LLC raised its position in shares of Starbucks by 1.6% during the 3rd quarter. Capital Advisors Wealth Management LLC now owns 8,513 shares of the coffee company’s stock worth $720,000 after purchasing an additional 130 shares during the last quarter. 72.29% of the stock is owned by institutional investors and hedge funds.
Starbucks Price Performance
SBUX stock opened at $98.02 on Monday. Starbucks Corporation has a 1 year low of $75.50 and a 1 year high of $117.46. The firm has a market capitalization of $111.67 billion, a PE ratio of 81.01, a price-to-earnings-growth ratio of 2.19 and a beta of 0.93. The business has a 50 day simple moving average of $92.43 and a 200-day simple moving average of $87.65.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on SBUX shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a $105.00 price objective on shares of Starbucks in a report on Thursday, January 29th. Mizuho raised their target price on Starbucks from $86.00 to $95.00 and gave the company a “neutral” rating in a research report on Monday, January 26th. UBS Group reaffirmed a “neutral” rating on shares of Starbucks in a research note on Friday, January 30th. Evercore reissued an “outperform” rating on shares of Starbucks in a research note on Wednesday, January 28th. Finally, New Street Research set a $90.00 price objective on Starbucks in a report on Tuesday, January 27th. Eighteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $104.31.
View Our Latest Analysis on SBUX
Starbucks Company Profile
Starbucks Corporation is a global coffeehouse chain and roaster that operates, licenses and franchises coffee shops and related retail businesses. Founded in Seattle, Washington in 1971 by Jerry Baldwin, Zev Siegl and Gordon Bowker, the company grew from a single store focused on whole-bean coffee and equipment into a broad consumer-facing brand. Howard Schultz, who joined the company later and served in senior leadership roles, is widely credited with transforming Starbucks into a mass-market specialty coffee retailer and expanding its footprint internationally.
Starbucks’ core activities center on the retail sale of hot and cold specialty beverages, whole-bean and packaged coffees, teas and ready-to-drink products, along with complementary food items and merchandise such as mugs and brewing equipment.
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