Great Lakes Advisors LLC Has $12.65 Million Holdings in Starbucks Co. (NASDAQ:SBUX)

Great Lakes Advisors LLC lessened its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 138,608 shares of the coffee company’s stock after selling 703 shares during the period. Great Lakes Advisors LLC’s holdings in Starbucks were worth $12,648,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Hopwood Financial Services Inc. acquired a new position in shares of Starbucks during the fourth quarter worth $283,000. Farther Finance Advisors LLC lifted its holdings in shares of Starbucks by 10.0% during the fourth quarter. Farther Finance Advisors LLC now owns 41,127 shares of the coffee company’s stock worth $3,753,000 after purchasing an additional 3,729 shares during the period. HighTower Advisors LLC raised its stake in Starbucks by 15.9% during the fourth quarter. HighTower Advisors LLC now owns 1,789,507 shares of the coffee company’s stock worth $163,293,000 after buying an additional 245,922 shares during the last quarter. Bender Robert & Associates raised its stake in Starbucks by 2.7% during the fourth quarter. Bender Robert & Associates now owns 44,406 shares of the coffee company’s stock worth $4,052,000 after buying an additional 1,155 shares during the last quarter. Finally, Natural Investments LLC bought a new position in Starbucks during the fourth quarter worth $1,295,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Price Performance

Shares of NASDAQ SBUX opened at $98.69 on Thursday. Starbucks Co. has a 1 year low of $71.55 and a 1 year high of $117.46. The stock has a market capitalization of $112.10 billion, a P/E ratio of 31.84, a P/E/G ratio of 3.59 and a beta of 0.99. The company has a 50-day moving average price of $104.63 and a 200-day moving average price of $99.22.

Starbucks (NASDAQ:SBUX) last released its quarterly 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 net margin of 9.73% and a negative return on equity of 44.97%. During the same quarter in the previous year, the firm earned $0.90 EPS. As a group, equities research analysts anticipate that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SBUX has been the subject of a number of analyst reports. Stifel Nicolaus lifted their target price on shares of Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Redburn Atlantic reissued a “sell” rating and set a $77.00 target price (down previously from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. BMO Capital Markets lifted their target price on shares of Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Royal Bank of Canada reissued an “outperform” rating and set a $115.00 target price on shares of Starbucks in a research note on Friday, January 24th. Finally, Wedbush lifted their price target on shares of Starbucks from $95.00 to $100.00 and gave the company 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 given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.75.

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.