Starbucks Co. (NASDAQ:SBUX) Stock Position Increased by National Pension Service

National Pension Service raised its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,281,745 shares of the coffee company’s stock after buying an additional 62,280 shares during the period. National Pension Service’s holdings in Starbucks were worth $208,209,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Financial Life Planners purchased a new stake in shares of Starbucks during the fourth quarter valued at $25,000. Collier Financial purchased a new stake in Starbucks in the 4th quarter worth about $27,000. Marshall Investment Management LLC acquired a new stake in shares of Starbucks during the 4th quarter valued at $30,000. Centricity Wealth Management LLC bought a new position in Starbucks during the fourth quarter valued at about $36,000. Finally, Morton Brown Family Wealth LLC lifted its position in shares of 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 buying an additional 154 shares during the last quarter. Institutional investors own 72.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SBUX. Royal Bank of Canada reaffirmed an “outperform” rating and set a $115.00 target price on shares of Starbucks in a research report on Friday, January 24th. Wedbush raised their target price 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 lifted their target price on shares of Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Redburn Atlantic reaffirmed a “sell” rating and issued a $77.00 price target (down from $84.00) on shares of Starbucks in a research report on Wednesday, November 13th. Finally, Citigroup boosted their price objective on Starbucks from $96.00 to $99.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $105.75.

Starbucks Price Performance

SBUX stock opened at $114.59 on Wednesday. The company has a 50 day moving average price of $100.58 and a 200 day moving average price of $98.00. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $115.24. The stock has a market capitalization of $130.16 billion, a PE ratio of 36.96, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates 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 prior year, the business earned $0.90 earnings per share. As a group, equities analysts expect that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

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.