Axxcess Wealth Management LLC Acquires 176 Shares of Starbucks Co. (NASDAQ:SBUX)

Axxcess Wealth Management LLC lifted its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 0.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 20,439 shares of the coffee company’s stock after purchasing an additional 176 shares during the period. Axxcess Wealth Management LLC’s holdings in Starbucks were worth $1,865,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Financial Life Planners bought a new position in Starbucks in the fourth quarter valued at about $25,000. Collier Financial bought a new position in Starbucks in the fourth quarter valued at about $27,000. Marshall Investment Management LLC bought a new position in Starbucks in the fourth quarter valued at about $30,000. Noble Wealth Management PBC bought a new position in Starbucks in the fourth quarter valued at about $30,000. Finally, Centricity Wealth Management LLC bought a new position in Starbucks in the fourth quarter valued at about $36,000. Institutional investors own 72.29% of the company’s stock.

Starbucks Stock Performance

NASDAQ:SBUX opened at $99.19 on Thursday. The company has a market cap of $112.67 billion, a PE ratio of 32.00, a PEG ratio of 3.59 and a beta of 0.99. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $117.46. The stock has a 50-day simple moving average of $105.18 and a 200 day simple moving average of $99.30.

Starbucks (NASDAQ:SBUX) last posted 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 negative return on equity of 44.97% and a net margin of 9.73%. During the same period in the prior year, the business earned $0.90 earnings per share. On average, research analysts predict that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SBUX has been the topic of several recent research reports. UBS Group raised 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. Wedbush raised their price target on Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Argus raised Starbucks from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a research note on Tuesday. Barclays increased their target price on Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Finally, BMO Capital Markets increased their target price on Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Starbucks presently has an average rating of “Moderate Buy” and a consensus price target of $106.12.

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.