Starbucks Co. (NASDAQ:SBUX) Stock Position Decreased by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co decreased its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 3.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 103,413 shares of the coffee company’s stock after selling 4,236 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Starbucks were worth $9,436,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of SBUX. Quest Partners LLC acquired a new position in shares of Starbucks during the third quarter valued at $115,000. The Manufacturers Life Insurance Company boosted its stake in Starbucks by 19.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,181,179 shares of the coffee company’s stock valued at $212,643,000 after purchasing an additional 357,046 shares during the period. FMR LLC boosted its stake in Starbucks by 55.0% during the 3rd quarter. FMR LLC now owns 19,779,859 shares of the coffee company’s stock valued at $1,928,339,000 after purchasing an additional 7,015,375 shares during the period. Avestar Capital LLC increased its stake in shares of Starbucks by 20.3% in the third quarter. Avestar Capital LLC now owns 7,646 shares of the coffee company’s stock valued at $745,000 after purchasing an additional 1,292 shares during the period. Finally, Transamerica Financial Advisors Inc. raised its holdings in shares of Starbucks by 25.6% during the third quarter. Transamerica Financial Advisors Inc. now owns 7,667 shares of the coffee company’s stock valued at $748,000 after buying an additional 1,562 shares during the last quarter. Institutional investors own 72.29% of the company’s stock.

Starbucks Stock Performance

NASDAQ SBUX opened at $97.97 on Thursday. The firm’s 50 day moving average price is $105.61 and its two-hundred day moving average price is $99.47. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $117.46. The stock has a market cap of $111.28 billion, a price-to-earnings ratio of 31.60, a PEG ratio of 3.59 and a beta of 0.99.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, beating the consensus estimate 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 quarter last year, the business earned $0.90 EPS. On average, research analysts forecast that Starbucks Co. will post 2.99 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on SBUX shares. UBS Group increased their price objective on Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Stifel Nicolaus increased their price target on Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Argus upgraded 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. Barclays increased their target price on shares of Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $115.00 price target on shares of Starbucks in a research report on Friday, January 24th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $106.12.

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.