Mn Services Vermogensbeheer B.V. Increases Stake in Starbucks Co. (NASDAQ:SBUX)

Mn Services Vermogensbeheer B.V. lifted its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 1.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 447,200 shares of the coffee company’s stock after purchasing an additional 7,600 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Starbucks were worth $40,807,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Financial Life Planners acquired a new stake in shares of Starbucks during the fourth quarter worth approximately $25,000. Collier Financial purchased a new position in Starbucks during the 4th quarter valued at about $27,000. Marshall Investment Management LLC bought a new stake in shares of Starbucks in the 4th quarter valued at approximately $30,000. Centricity Wealth Management LLC acquired a new stake in Starbucks in the 4th quarter worth approximately $36,000. Finally, Morton Brown Family Wealth LLC lifted its position in Starbucks by 43.9% in the fourth quarter. Morton Brown Family Wealth LLC now owns 505 shares of the coffee company’s stock worth $46,000 after purchasing an additional 154 shares during the period. 72.29% of the stock is owned by institutional investors and hedge funds.

Starbucks Stock Down 1.4 %

NASDAQ SBUX opened at $113.00 on Thursday. The business has a 50-day moving average price of $101.04 and a 200-day moving average price of $98.10. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $115.24. The firm has a market cap of $128.36 billion, a price-to-earnings ratio of 36.45, 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 (EPS) 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 quarter in the prior year, the firm earned $0.90 EPS. Research analysts expect that Starbucks Co. will post 2.99 EPS for the current fiscal year.

Analysts Set New Price Targets

SBUX has been the subject of several recent research reports. BMO Capital Markets upped 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. Wedbush boosted their target price on Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Citigroup increased their price target 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. TD Cowen reaffirmed a “buy” rating and issued a $110.00 target price on shares of Starbucks in a research note on Monday, November 11th. Finally, Stifel Nicolaus lifted 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. Three analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Starbucks has an average rating of “Moderate Buy” and a consensus price target of $105.75.

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.