RiverFront Investment Group LLC Purchases 440 Shares of Starbucks Co. (NASDAQ:SBUX)

RiverFront Investment Group LLC boosted its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 9.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,319 shares of the coffee company’s stock after buying an additional 440 shares during the period. RiverFront Investment Group LLC’s holdings in Starbucks were worth $485,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Financial Life Planners bought a new stake in Starbucks in the fourth quarter valued at about $25,000. Graney & King LLC bought a new stake in shares of Starbucks in the 4th quarter valued at approximately $26,000. Collier Financial acquired a new position in shares of Starbucks in the 4th quarter worth approximately $27,000. Runnymede Capital Advisors Inc. bought a new position in shares of Starbucks during the 4th quarter worth approximately $27,000. Finally, Marshall Investment Management LLC acquired a new stake in Starbucks in the 4th quarter valued at $30,000. Institutional investors own 72.29% of the company’s stock.

Starbucks Stock Down 1.1 %

Shares of NASDAQ:SBUX opened at $97.73 on Friday. The firm has a market cap of $111.01 billion, a price-to-earnings ratio of 31.53, a PEG ratio of 3.59 and a beta of 0.99. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $117.46. The company’s fifty day simple moving average is $105.75 and its 200 day simple moving average is $99.54.

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

Analyst Ratings Changes

SBUX has been the subject of several recent analyst reports. Wedbush increased their price objective on Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Wells Fargo & Company lifted their price target on shares of Starbucks from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. Argus raised shares of Starbucks from a “hold” rating to a “buy” rating and set a $115.00 price objective on the stock in a research note on Tuesday, March 18th. Royal Bank of Canada reiterated an “outperform” rating and issued a $115.00 target price on shares of Starbucks in a research note on Friday, January 24th. Finally, Stifel Nicolaus increased 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 equities research analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $106.12.

About Starbucks

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.