Pavion Blue Capital LLC Buys 1,985 Shares of Starbucks Co. (NASDAQ:SBUX)

Pavion Blue Capital LLC increased its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 16.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,839 shares of the coffee company’s stock after purchasing an additional 1,985 shares during the quarter. Pavion Blue Capital LLC’s holdings in Starbucks were worth $1,263,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Financial Life Planners bought a new stake in shares of Starbucks during the fourth quarter valued at approximately $25,000. Collier Financial bought a new stake in shares of Starbucks during the fourth quarter valued at approximately $27,000. Marshall Investment Management LLC acquired a new position in Starbucks in the fourth quarter valued at approximately $30,000. Centricity Wealth Management LLC acquired a new position in Starbucks in the fourth quarter valued at approximately $36,000. Finally, DT Investment Partners LLC lifted its holdings in Starbucks by 39.4% in the third quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock valued at $42,000 after buying an additional 121 shares during the period. 72.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SBUX has been the topic of several analyst reports. TD Cowen reiterated a “buy” rating and issued a $110.00 target price on shares of Starbucks in a report on Monday, November 11th. BMO Capital Markets raised their target price on shares of Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Citigroup raised their target price on shares of Starbucks from $96.00 to $99.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Redburn Atlantic reaffirmed a “sell” rating and issued a $77.00 target price (down previously from $84.00) on shares of Starbucks in a research report on Wednesday, November 13th. Finally, UBS Group raised their target price on shares of Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.33.

Starbucks Stock Down 1.4 %

Shares of Starbucks stock opened at $111.75 on Friday. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $114.68. The company has a 50-day simple moving average of $99.72 and a two-hundred day simple moving average of $97.30. The stock has a market capitalization of $126.94 billion, a price-to-earnings ratio of 36.05, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00.

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 business posted $0.90 earnings per share. On average, sell-side analysts anticipate that Starbucks Co. will post 2.99 earnings per share for the current fiscal 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.