Starbucks Co. (NASDAQ:SBUX) Shares Bought by Blackston Financial Advisory Group LLC

Blackston Financial Advisory Group LLC increased its position in Starbucks Co. (NASDAQ:SBUX) by 4.9% during the fourth quarter, Holdings Channel reports. The fund owned 2,513 shares of the coffee company’s stock after purchasing an additional 117 shares during the quarter. Blackston Financial Advisory Group LLC’s holdings in Starbucks were worth $229,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Private Advisor Group LLC raised its holdings in shares of Starbucks by 1.2% during the third quarter. Private Advisor Group LLC now owns 118,946 shares of the coffee company’s stock valued at $11,596,000 after buying an additional 1,418 shares during the last quarter. McAdam LLC increased its position in Starbucks by 4.4% in the 3rd quarter. McAdam LLC now owns 6,085 shares of the coffee company’s stock valued at $593,000 after acquiring an additional 255 shares during the period. International Assets Investment Management LLC raised its stake in Starbucks by 11,217.0% during the 3rd quarter. International Assets Investment Management LLC now owns 752,355 shares of the coffee company’s stock valued at $73,347,000 after acquiring an additional 745,707 shares in the last quarter. YHB Investment Advisors Inc. boosted its position in Starbucks by 3.1% during the 3rd quarter. YHB Investment Advisors Inc. now owns 5,408 shares of the coffee company’s stock worth $527,000 after acquiring an additional 162 shares during the period. Finally, Hennion & Walsh Asset Management Inc. grew its stake in shares of Starbucks by 31.8% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 3,766 shares of the coffee company’s stock worth $367,000 after purchasing an additional 909 shares in the last quarter. 72.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. TD Cowen restated a “buy” rating and set a $110.00 price objective on shares of Starbucks in a research note on Monday, November 11th. Redburn Atlantic restated a “sell” rating and set a $77.00 price target (down from $84.00) on shares of Starbucks in a research report on Wednesday, November 13th. Barclays upped their price target on shares of Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Stifel Nicolaus raised their price objective on shares of Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, Citigroup upped their target price on Starbucks from $96.00 to $99.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Three analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Starbucks currently has an average rating of “Moderate Buy” and an average target price of $105.33.

Starbucks Price Performance

Starbucks stock opened at $111.75 on Friday. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $114.68. The firm’s 50 day simple moving average is $99.72 and its 200-day simple moving average is $97.15. The company has a market cap of $126.94 billion, a P/E ratio of 36.05, a price-to-earnings-growth ratio of 3.56 and a beta of 1.00.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data 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 net margin of 9.73% and a negative return on equity of 44.97%. During the same quarter in the previous year, the business posted $0.90 EPS. On average, analysts expect that Starbucks Co. will post 2.99 EPS for the current fiscal 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.