Maia Wealth LLC Buys 2,046 Shares of Starbucks Co. (NASDAQ:SBUX)

Maia Wealth LLC raised its stake in Starbucks Co. (NASDAQ:SBUX) by 11.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,628 shares of the coffee company’s stock after buying an additional 2,046 shares during the period. Maia Wealth LLC’s holdings in Starbucks were worth $2,063,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Purkiss Capital Advisors LLC bought a new position in Starbucks in the fourth quarter worth approximately $705,000. Sherman Asset Management Inc. purchased a new stake in shares of Starbucks in the 4th quarter worth $287,000. Metis Global Partners LLC lifted its holdings in shares of Starbucks by 2.4% in the 4th quarter. Metis Global Partners LLC now owns 56,744 shares of the coffee company’s stock worth $5,178,000 after buying an additional 1,356 shares during the period. West Michigan Advisors LLC bought a new position in shares of Starbucks during the 4th quarter worth $265,000. Finally, Noble Wealth Management PBC purchased a new position in shares of Starbucks during the fourth quarter valued at $30,000. 72.29% of the stock is currently owned by institutional investors.

Starbucks Stock Up 1.2 %

Shares of NASDAQ SBUX opened at $115.81 on Friday. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $116.09. The firm has a market cap of $131.55 billion, a P/E ratio of 37.36, a P/E/G ratio of 3.59 and a beta of 1.00. The business’s 50 day moving average price is $102.11 and its 200 day moving average price is $98.51.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) 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 quarter in the previous year, the firm earned $0.90 earnings per share. As a group, research analysts expect that Starbucks Co. will post 2.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SBUX has been the subject of a number of research reports. Wells Fargo & Company upped their price objective on shares of Starbucks from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. Wedbush increased their price objective on shares of Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. UBS Group boosted 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 increased their target price on Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Finally, Stifel Nicolaus boosted 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. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.