Douglass Winthrop Advisors LLC Increases Position in Starbucks Co. (NASDAQ:SBUX)

Douglass Winthrop Advisors LLC raised its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 0.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,166 shares of the coffee company’s stock after purchasing an additional 135 shares during the quarter. Douglass Winthrop Advisors LLC’s holdings in Starbucks were worth $2,661,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Financial Life Planners acquired a new stake in shares of Starbucks during the fourth quarter worth approximately $25,000. Collier Financial acquired a new position in Starbucks during the 4th quarter worth $27,000. Marshall Investment Management LLC bought a new stake in shares of Starbucks in the 4th quarter worth about $30,000. Noble Wealth Management PBC acquired a new stake in shares of Starbucks in the 4th quarter valued at about $30,000. Finally, Centricity Wealth Management LLC bought a new position in shares of Starbucks during the fourth quarter worth about $36,000. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Starbucks Stock Up 0.1 %

SBUX stock opened at $99.28 on Friday. The company has a 50-day simple moving average of $105.31 and a 200 day simple moving average of $99.30. The company has a market capitalization of $112.77 billion, a P/E ratio of 32.03, a PEG ratio of 3.59 and a beta of 0.99. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $117.46.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share 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 last year, the company posted $0.90 earnings per share. Equities analysts anticipate that Starbucks Co. will post 2.99 EPS for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Wedbush boosted their price objective on Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Barclays upped their price target on Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. BMO Capital Markets lifted their price objective on shares of Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Stifel Nicolaus raised their price target on shares of Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Finally, Wells Fargo & Company boosted their price objective on shares of Starbucks from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $106.12.

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.