Carrera Capital Advisors Grows Position in Starbucks Co. (NASDAQ:SBUX)

Carrera Capital Advisors boosted its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 3.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,522 shares of the coffee company’s stock after acquiring an additional 204 shares during the period. Carrera Capital Advisors’ holdings in Starbucks were worth $595,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of SBUX. Keybank National Association OH grew its position in shares of Starbucks by 9.5% during the fourth quarter. Keybank National Association OH now owns 273,228 shares of the coffee company’s stock valued at $24,932,000 after purchasing an additional 23,714 shares in the last quarter. Mainstream Capital Management LLC bought a new position in Starbucks during the fourth quarter valued at approximately $47,000. Alley Investment Management Company LLC grew its holdings in Starbucks by 2.1% during the 4th quarter. Alley Investment Management Company LLC now owns 147,061 shares of the coffee company’s stock valued at $13,419,000 after buying an additional 2,994 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its stake in Starbucks by 6.3% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 46,154 shares of the coffee company’s stock worth $4,212,000 after acquiring an additional 2,749 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC raised its holdings in shares of Starbucks by 1.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 132,551 shares of the coffee company’s stock worth $12,095,000 after acquiring an additional 1,763 shares in the last quarter. 72.29% of the stock is currently owned by institutional investors.

Starbucks Trading Down 2.9 %

Shares of NASDAQ:SBUX opened at $112.06 on Wednesday. The company has a market capitalization of $127.29 billion, a PE ratio of 36.15, a P/E/G ratio of 3.59 and a beta of 1.00. Starbucks Co. has a 12-month low of $71.55 and a 12-month high of $117.46. The business’s fifty day simple moving average is $103.11 and its 200-day simple moving average is $98.80.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, topping 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 period in the prior year, the firm earned $0.90 earnings per share. Research analysts predict that Starbucks Co. will post 2.99 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Wedbush raised their target price on shares of Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. UBS Group lifted their price objective on shares of Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Barclays upped their target price on shares of Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Stifel Nicolaus lifted their price target on Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Finally, TD Cowen restated a “buy” rating and set a $110.00 price objective on shares of Starbucks in a research report on Monday, November 11th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $105.75.

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.