Madison Investment Advisors LLC Takes Position in Starbucks Co. (NASDAQ:SBUX)

Madison Investment Advisors LLC acquired a new stake in Starbucks Co. (NASDAQ:SBUX) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 544,004 shares of the coffee company’s stock, valued at approximately $49,640,000.

Several other hedge funds have also recently bought and sold shares of SBUX. Financial Life Planners bought a new stake in Starbucks in the 4th quarter valued at about $25,000. Collier Financial bought a new stake in shares of Starbucks during the 4th quarter worth about $27,000. Marshall Investment Management LLC bought a new stake in shares of Starbucks during the 4th quarter worth about $30,000. Noble Wealth Management PBC bought a new stake in shares of Starbucks during the 4th quarter worth about $30,000. Finally, Centricity Wealth Management LLC bought a new stake in shares of Starbucks during the 4th quarter worth about $36,000. 72.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SBUX has been the topic of a number of recent analyst reports. UBS Group boosted their price target on shares of Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Barclays boosted their target price on shares of Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Wells Fargo & Company boosted their target price on shares of Starbucks from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. BMO Capital Markets lifted their target price on shares of Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $115.00 target price on shares of Starbucks in a research report on Friday, January 24th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Starbucks presently has a consensus rating of “Moderate Buy” and an average price target of $105.75.

Starbucks Trading Down 0.9 %

Shares of NASDAQ SBUX opened at $98.69 on Thursday. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $117.46. The company has a market cap of $112.10 billion, a PE ratio of 31.84, a P/E/G ratio of 3.59 and a beta of 0.99. The company has a 50-day moving average of $104.63 and a two-hundred day moving average of $99.22.

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 research analysts forecast that Starbucks Co. will post 2.99 earnings per share for the current 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.