Tradewinds Capital Management LLC Grows Stake in Starbucks Co. (NASDAQ:SBUX)

Tradewinds Capital Management LLC grew its position in Starbucks Co. (NASDAQ:SBUX) by 39.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,143 shares of the coffee company’s stock after buying an additional 2,869 shares during the quarter. Tradewinds Capital Management LLC’s holdings in Starbucks were worth $926,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC increased its stake in shares of 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 worth $73,347,000 after purchasing an additional 745,707 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its position in Starbucks by 31.8% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 3,766 shares of the coffee company’s stock worth $367,000 after buying an additional 909 shares in the last quarter. DT Investment Partners LLC increased its position in Starbucks by 39.4% during the 3rd quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock worth $42,000 after purchasing an additional 121 shares in the last quarter. Dakota Wealth Management increased its position in Starbucks by 0.5% during the 3rd quarter. Dakota Wealth Management now owns 55,793 shares of the coffee company’s stock worth $5,439,000 after purchasing an additional 300 shares in the last quarter. Finally, Legacy Capital Group California Inc. increased its position in Starbucks by 14.2% during the 3rd quarter. Legacy Capital Group California Inc. now owns 4,872 shares of the coffee company’s stock worth $475,000 after purchasing an additional 607 shares in the last quarter. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on SBUX shares. Wedbush lifted their price target on shares of Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Wells Fargo & Company lifted their target price on shares of Starbucks from $110.00 to $115.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 26th. TD Cowen reaffirmed a “buy” rating and issued a $110.00 target price on shares of Starbucks in a research note on Monday, November 11th. BMO Capital Markets lifted their price objective on Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Finally, Barclays lifted their price objective on Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $105.33.

Starbucks Price Performance

NASDAQ:SBUX opened at $111.75 on Friday. The firm has a market capitalization of $126.94 billion, a PE ratio of 36.05, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $114.68. The business’s 50-day moving average is $99.72 and its two-hundred day moving average is $97.30.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) 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 company earned $0.90 EPS. Equities analysts anticipate that Starbucks Co. will post 2.99 EPS for the current year.

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.