RD Lewis Holdings Inc. Makes New Investment in Starbucks Co. (NASDAQ:SBUX)

RD Lewis Holdings Inc. bought a new position in shares of Starbucks Co. (NASDAQ:SBUX) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,455 shares of the coffee company’s stock, valued at approximately $315,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Axxcess Wealth Management LLC lifted its stake in Starbucks by 0.9% during the fourth quarter. Axxcess Wealth Management LLC now owns 20,439 shares of the coffee company’s stock worth $1,865,000 after purchasing an additional 176 shares during the last quarter. Aspen Wealth Strategies LLC lifted its stake in shares of Starbucks by 60.7% in the 4th quarter. Aspen Wealth Strategies LLC now owns 7,153 shares of the coffee company’s stock valued at $653,000 after acquiring an additional 2,702 shares during the last quarter. Terra Alpha Investments LLC bought a new position in shares of Starbucks in the 4th quarter valued at $3,160,000. Parallel Advisors LLC lifted its stake in shares of Starbucks by 2.6% in the 4th quarter. Parallel Advisors LLC now owns 33,405 shares of the coffee company’s stock valued at $3,048,000 after acquiring an additional 843 shares during the last quarter. Finally, Cibc World Markets Corp lifted its stake in shares of Starbucks by 14.2% in the 4th quarter. Cibc World Markets Corp now owns 203,925 shares of the coffee company’s stock valued at $18,608,000 after acquiring an additional 25,304 shares during the last quarter. 72.29% of the stock is currently owned by institutional investors.

Starbucks Price Performance

Shares of SBUX opened at $99.08 on Tuesday. The stock has a 50-day moving average of $104.94 and a 200-day moving average of $99.28. The company has a market cap of $112.54 billion, a PE ratio of 31.96, a P/E/G ratio of 3.59 and a beta of 0.99. Starbucks Co. has a one year low of $71.55 and a one year high of $117.46.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, beating 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 period in the prior year, the firm posted $0.90 earnings per share. Analysts expect that Starbucks Co. will post 2.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on SBUX shares. Wedbush increased their price target on Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and issued a $115.00 price target on shares of Starbucks in a research note on Friday, January 24th. Stifel Nicolaus increased their price target on Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a research note on Monday, January 27th. UBS Group raised their target price on Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Finally, BMO Capital Markets raised their target price on Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.