29,500 Shares in Starbucks Co. (NASDAQ:SBUX) Acquired by Generali Investments CEE investicni spolecnost a.s.

Generali Investments CEE investicni spolecnost a.s. bought a new position in Starbucks Co. (NASDAQ:SBUX) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 29,500 shares of the coffee company’s stock, valued at approximately $2,692,000.

A number of other institutional investors also recently bought and sold shares of the stock. Financial Life Planners purchased a new position in Starbucks during the 4th quarter worth approximately $25,000. Collier Financial purchased a new position in Starbucks during the 4th quarter worth approximately $27,000. Marshall Investment Management LLC purchased a new position in Starbucks during the 4th quarter worth approximately $30,000. Noble Wealth Management PBC purchased a new position in Starbucks during the 4th quarter worth approximately $30,000. Finally, Centricity Wealth Management LLC purchased a new position in Starbucks during the 4th quarter worth approximately $36,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Starbucks Stock Up 1.0 %

Shares of SBUX opened at $106.48 on Friday. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $117.46. The firm’s fifty day moving average is $104.10 and its two-hundred day moving average is $99.04. The stock has a market cap of $120.95 billion, a PE ratio of 34.35, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) 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 posted $0.90 EPS. As a group, research analysts anticipate that Starbucks Co. will post 2.99 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Wedbush raised their price target on shares of Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reissued an “outperform” rating and set a $115.00 price target on shares of Starbucks in a research report on Friday, January 24th. TD Cowen reissued a “buy” rating and set a $110.00 price target on shares of Starbucks in a research report on Monday, November 11th. UBS Group lifted their target price on shares of Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Finally, BMO Capital Markets lifted their target price on shares of Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Three equities research 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 data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $105.75.

Starbucks Company 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.