Oppenheimer & Co. Inc. Has $11.57 Million Stake in Starbucks Co. (NASDAQ:SBUX)

Oppenheimer & Co. Inc. raised its position in Starbucks Co. (NASDAQ:SBUX) by 0.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 126,806 shares of the coffee company’s stock after buying an additional 186 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Starbucks were worth $11,571,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Financial Life Planners acquired a new position in shares of Starbucks during the 4th quarter worth $25,000. Collier Financial bought a new position in Starbucks in the fourth quarter valued at about $27,000. Marshall Investment Management LLC acquired a new position in Starbucks during the fourth quarter worth about $30,000. Centricity Wealth Management LLC bought a new position in shares of Starbucks in the fourth quarter worth about $36,000. Finally, Morton Brown Family Wealth LLC boosted its stake in shares of Starbucks by 43.9% in the 4th quarter. Morton Brown Family Wealth LLC now owns 505 shares of the coffee company’s stock valued at $46,000 after purchasing an additional 154 shares in the last quarter. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Starbucks Trading Up 1.3 %

SBUX stock opened at $114.49 on Friday. The firm has a market cap of $130.05 billion, a PE ratio of 36.93, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. The stock has a 50-day moving average price of $101.55 and a 200-day moving average price of $98.22. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $115.70.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share 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 prior year, the company earned $0.90 earnings per share. On average, analysts forecast that Starbucks Co. will post 2.99 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SBUX. Redburn Atlantic reiterated a “sell” rating and set a $77.00 price objective (down from $84.00) on shares of Starbucks in a research report on Wednesday, November 13th. UBS Group upped their price target on shares of Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Wedbush raised their price objective on Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Wells Fargo & Company upped their target price on Starbucks from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $115.00 price target on shares of Starbucks in a research note on Friday, January 24th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.