Swiss National Bank Has $292.12 Million Holdings in Starbucks Co. (NASDAQ:SBUX)

Swiss National Bank trimmed its position in shares of Starbucks Co. (NASDAQ:SBUX) by 4.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 3,201,300 shares of the coffee company’s stock after selling 160,800 shares during the period. Swiss National Bank’s holdings in Starbucks were worth $292,119,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Financial Life Planners bought a new position in Starbucks during the fourth quarter valued at approximately $25,000. Collier Financial acquired a new position in shares of Starbucks during the 4th quarter worth $27,000. Marshall Investment Management LLC bought a new position in shares of Starbucks during the 4th quarter valued at $30,000. Noble Wealth Management PBC acquired a new stake in shares of Starbucks in the 4th quarter valued at $30,000. Finally, Centricity Wealth Management LLC bought a new stake in Starbucks in the fourth quarter worth $36,000. Institutional investors own 72.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on SBUX. BMO Capital Markets raised their target price on Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Royal Bank of Canada restated an “outperform” rating and issued a $115.00 target price on shares of Starbucks in a report on Friday, January 24th. Barclays increased their price target on Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Wedbush boosted their price objective on shares of Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Finally, Redburn Atlantic reiterated a “sell” rating and issued a $77.00 target price (down from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $105.75.

Starbucks Stock Performance

NASDAQ:SBUX opened at $98.69 on Thursday. The company has a market capitalization of $112.10 billion, a price-to-earnings ratio of 31.84, a PEG ratio of 3.59 and a beta of 0.99. The company has a 50-day moving average of $104.63 and a 200-day moving average of $99.22. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $117.46.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 earnings per share 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 business earned $0.90 EPS. Sell-side analysts forecast that Starbucks Co. will post 2.99 EPS for the current 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.