PDS Planning Inc Boosts Stake in Starbucks Co. (NASDAQ:SBUX)

PDS Planning Inc raised its position in shares of Starbucks Co. (NASDAQ:SBUX) by 5.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,023 shares of the coffee company’s stock after acquiring an additional 372 shares during the period. PDS Planning Inc’s holdings in Starbucks were worth $641,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Mystic Asset Management Inc. lifted its stake in shares of Starbucks by 3.9% during the fourth quarter. Mystic Asset Management Inc. now owns 2,665 shares of the coffee company’s stock worth $243,000 after purchasing an additional 101 shares in the last quarter. Leelyn Smith LLC lifted its stake in shares of Starbucks by 2.2% during the fourth quarter. Leelyn Smith LLC now owns 44,252 shares of the coffee company’s stock worth $4,038,000 after purchasing an additional 957 shares in the last quarter. RD Lewis Holdings Inc. acquired a new position in shares of Starbucks during the fourth quarter worth about $315,000. Axxcess Wealth Management LLC lifted its stake in shares of Starbucks by 0.9% during the fourth quarter. Axxcess Wealth Management LLC now owns 20,439 shares of the coffee company’s stock worth $1,865,000 after purchasing an additional 176 shares in the last quarter. Finally, Aspen Wealth Strategies LLC lifted its stake in shares of Starbucks by 60.7% during the fourth quarter. Aspen Wealth Strategies LLC now owns 7,153 shares of the coffee company’s stock worth $653,000 after purchasing an additional 2,702 shares in the last quarter. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Stifel Nicolaus boosted their price objective on Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Barclays boosted their price target on Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Wells Fargo & Company boosted their price target on Starbucks from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. Argus upgraded Starbucks from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a research note on Tuesday. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $115.00 price target on shares of Starbucks in a research note on Friday, January 24th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $106.12.

Starbucks Trading Down 0.8 %

NASDAQ:SBUX opened at $98.28 on Wednesday. The firm has a market capitalization of $111.64 billion, a PE ratio of 31.70, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99. The stock has a 50 day moving average of $105.05 and a 200-day moving average of $99.30. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $117.46.

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, topping 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 last year, the business posted $0.90 earnings per share. As a group, analysts predict that Starbucks Co. will post 2.99 EPS for the current fiscal year.

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.