Ausdal Financial Partners Inc. Purchases 2,458 Shares of Starbucks Co. (NASDAQ:SBUX)

Ausdal Financial Partners Inc. raised its position in shares of Starbucks Co. (NASDAQ:SBUX) by 94.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,055 shares of the coffee company’s stock after buying an additional 2,458 shares during the period. Ausdal Financial Partners Inc.’s holdings in Starbucks were worth $461,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Quest Partners LLC purchased a new position in shares of Starbucks during the third quarter valued at about $115,000. CreativeOne Wealth LLC boosted its position in Starbucks by 26.8% during the 3rd quarter. CreativeOne Wealth LLC now owns 9,960 shares of the coffee company’s stock valued at $971,000 after acquiring an additional 2,106 shares in the last quarter. Providence Capital Advisors LLC grew its holdings in shares of Starbucks by 18.4% during the 3rd quarter. Providence Capital Advisors LLC now owns 74,483 shares of the coffee company’s stock worth $7,261,000 after acquiring an additional 11,553 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Starbucks by 7.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 498,894 shares of the coffee company’s stock valued at $48,637,000 after purchasing an additional 34,963 shares during the period. Finally, Public Sector Pension Investment Board lifted its stake in shares of Starbucks by 930.0% in the 3rd quarter. Public Sector Pension Investment Board now owns 449,433 shares of the coffee company’s stock valued at $43,815,000 after purchasing an additional 405,800 shares during the period. Institutional investors own 72.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Barclays increased their price objective on Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Argus raised shares of Starbucks from a “hold” rating to a “buy” rating and set a $115.00 price objective on the stock in a research note on Tuesday, March 18th. UBS Group upped their price objective on shares of Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. BMO Capital Markets lifted their target price on shares of Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Finally, Wells Fargo & Company raised their price objective on Starbucks from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $106.12.

Starbucks Trading Up 0.9 %

SBUX opened at $98.85 on Friday. The firm’s 50 day simple moving average is $105.69 and its two-hundred day simple moving average is $99.46. The company has a market capitalization of $112.28 billion, a PE ratio of 31.89, a PEG ratio of 3.59 and a beta of 0.99. 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 EPS for the quarter, topping analysts’ consensus estimates 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 previous year, the company posted $0.90 EPS. Equities analysts forecast that Starbucks Co. will post 2.99 earnings per share 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.