683 Shares in Starbucks Co. (NASDAQ:SBUX) Acquired by Kohmann Bosshard Financial Services LLC

Kohmann Bosshard Financial Services LLC acquired a new position in Starbucks Co. (NASDAQ:SBUX) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 683 shares of the coffee company’s stock, valued at approximately $62,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Opes Wealth Management LLC purchased a new position in shares of Starbucks during the third quarter worth $203,000. Robeco Institutional Asset Management B.V. boosted its position in shares of Starbucks by 6.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 45,446 shares of the coffee company’s stock worth $4,431,000 after buying an additional 2,590 shares during the period. Ground Swell Capital LLC purchased a new position in shares of Starbucks during the third quarter worth $1,343,000. Vestor Capital LLC boosted its position in shares of Starbucks by 42.8% during the third quarter. Vestor Capital LLC now owns 2,605 shares of the coffee company’s stock worth $254,000 after buying an additional 781 shares during the period. Finally, Chaney Capital Management Inc. boosted its position in shares of Starbucks by 32.9% during the third quarter. Chaney Capital Management Inc. now owns 10,423 shares of the coffee company’s stock worth $1,016,000 after buying an additional 2,578 shares during the period. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Starbucks Stock Performance

SBUX opened at $115.41 on Tuesday. The business’s 50-day simple moving average is $102.67 and its 200-day simple moving average is $98.68. Starbucks Co. has a one year low of $71.55 and a one year high of $117.46. The stock has a market capitalization of $131.09 billion, a P/E ratio of 37.23, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00.

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

Wall Street Analyst Weigh In

SBUX has been the subject of several research analyst reports. 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. UBS Group raised their price target on Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. TD Cowen reiterated a “buy” rating and issued a $110.00 price objective on shares of Starbucks in a research note on Monday, November 11th. Barclays increased their price objective on Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Finally, Wells Fargo & Company increased their price objective on Starbucks from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Starbucks presently 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.