Founders Financial Alliance LLC Grows Stock Position in Starbucks Co. (NASDAQ:SBUX)

Founders Financial Alliance LLC boosted its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 2.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,629 shares of the coffee company’s stock after purchasing an additional 268 shares during the period. Founders Financial Alliance LLC’s holdings in Starbucks were worth $970,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Strategic Financial Concepts LLC purchased a new position in Starbucks during the 4th quarter valued at about $62,000. Weil Company Inc. increased its holdings in Starbucks by 31.2% during the 3rd quarter. Weil Company Inc. now owns 34,580 shares of the coffee company’s stock valued at $3,371,000 after purchasing an additional 8,222 shares during the period. Arizona State Retirement System increased its holdings in Starbucks by 0.8% during the 4th quarter. Arizona State Retirement System now owns 327,459 shares of the coffee company’s stock valued at $29,881,000 after purchasing an additional 2,722 shares during the period. West Michigan Advisors LLC purchased a new position in Starbucks during the 4th quarter valued at about $265,000. Finally, Wernau Asset Management Inc. purchased a new position in Starbucks during the 4th quarter valued at about $258,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Redburn Atlantic reiterated a “sell” rating and set a $77.00 target price (down previously from $84.00) on shares of Starbucks in a report on Wednesday, November 13th. Barclays upped their target price on Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Wells Fargo & Company upped their target price on Starbucks from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Royal Bank of Canada reiterated an “outperform” rating and set a $115.00 target price on shares of Starbucks in a report on Friday, January 24th. Finally, Wedbush upped their target price on Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Three equities research 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $105.75.

Starbucks Trading Down 5.0 %

Shares of SBUX opened at $101.13 on Tuesday. The firm has a market cap of $114.87 billion, a PE ratio of 32.62, a P/E/G ratio of 3.59 and a beta of 0.99. The firm has a fifty day simple moving average of $104.31 and a two-hundred day simple moving average of $99.19. Starbucks Co. has a 1-year low of $71.55 and a 1-year 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, beating 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 last year, the firm posted $0.90 earnings per share. As a group, research analysts forecast that Starbucks Co. will post 2.99 EPS for the current fiscal 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.