Family Legacy Inc. Acquires 316 Shares of Starbucks Co. (NASDAQ:SBUX)

Family Legacy Inc. lifted its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 1.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 30,870 shares of the coffee company’s stock after purchasing an additional 316 shares during the period. Family Legacy Inc.’s holdings in Starbucks were worth $2,859,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Strategic Financial Concepts LLC bought a new stake in shares of Starbucks in the 4th quarter valued at about $62,000. Arizona State Retirement System lifted its position in Starbucks by 0.8% in the fourth quarter. Arizona State Retirement System now owns 327,459 shares of the coffee company’s stock valued at $29,881,000 after purchasing an additional 2,722 shares during the last quarter. West Michigan Advisors LLC bought a new stake in Starbucks in the fourth quarter valued at approximately $265,000. Wernau Asset Management Inc. purchased a new stake in shares of Starbucks during the fourth quarter valued at approximately $258,000. Finally, Investment Management Corp of Ontario grew its holdings in shares of Starbucks by 48.6% in the third quarter. Investment Management Corp of Ontario now owns 37,584 shares of the coffee company’s stock worth $3,664,000 after purchasing an additional 12,300 shares during the last quarter. 72.29% of the stock is owned by institutional investors.

Starbucks Stock Performance

Starbucks stock opened at $97.73 on Monday. The stock has a market cap of $111.01 billion, a PE ratio of 31.53, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99. The stock has a fifty day moving average of $105.75 and a 200 day moving average of $99.55. Starbucks Co. has a one year low of $71.55 and a one year high of $117.46.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 earnings per share 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 period in the previous year, the firm posted $0.90 EPS. As a group, sell-side analysts predict that Starbucks Co. will post 2.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on SBUX shares. Barclays raised their price target on shares of Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. UBS Group boosted their price target on Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. BMO Capital Markets increased their price objective on Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Wells Fargo & Company boosted their target price on Starbucks from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. Finally, Wedbush raised their price target on Starbucks from $95.00 to $100.00 and gave the stock 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 assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $106.12.

About Starbucks

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.