Starbucks Co. (NASDAQ:SBUX) Shares Bought by Arjuna Capital

Arjuna Capital raised its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 4.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,772 shares of the coffee company’s stock after purchasing an additional 600 shares during the period. Arjuna Capital’s holdings in Starbucks were worth $1,165,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Financial Life Planners acquired a new position in Starbucks during the 4th quarter valued at about $25,000. Collier Financial acquired a new position in shares of Starbucks during the fourth quarter valued at about $27,000. Marshall Investment Management LLC acquired a new position in shares of Starbucks during the fourth quarter valued at about $30,000. Noble Wealth Management PBC purchased a new position in shares of Starbucks in the 4th quarter valued at approximately $30,000. Finally, Centricity Wealth Management LLC acquired a new stake in Starbucks in the 4th quarter worth approximately $36,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Starbucks Stock Up 1.0 %

Shares of Starbucks stock opened at $106.48 on Friday. The firm has a market cap of $120.95 billion, a PE ratio of 34.35, a P/E/G ratio of 3.59 and a beta of 0.99. The business has a 50-day moving average price of $104.10 and a 200 day moving average price of $99.04. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $117.46.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, topping the consensus estimate 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 posted $0.90 earnings per share. On average, sell-side analysts expect that Starbucks Co. will post 2.99 EPS for the current year.

Analyst Upgrades and Downgrades

SBUX has been the topic of a number of recent analyst reports. Redburn Atlantic restated a “sell” rating and set a $77.00 price target (down previously from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. Barclays upped their target price on Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Wells Fargo & Company lifted their price target on Starbucks from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. BMO Capital Markets increased their price objective on Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Finally, Wedbush raised 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. 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 given a strong buy rating to the company. According to MarketBeat.com, Starbucks presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.75.

Starbucks 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.