Fidelis Capital Partners LLC Buys 395 Shares of Starbucks Co. (NASDAQ:SBUX)

Fidelis Capital Partners LLC lifted its stake in Starbucks Co. (NASDAQ:SBUX) by 5.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,227 shares of the coffee company’s stock after acquiring an additional 395 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Starbucks were worth $751,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Investment Partners LTD. grew its position in Starbucks by 6.1% in the 4th quarter. Investment Partners LTD. now owns 4,152 shares of the coffee company’s stock worth $379,000 after purchasing an additional 240 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Starbucks in the fourth quarter worth $1,357,000. Jones Financial Companies Lllp grew its holdings in shares of Starbucks by 32.4% in the fourth quarter. Jones Financial Companies Lllp now owns 324,154 shares of the coffee company’s stock worth $29,579,000 after acquiring an additional 79,257 shares during the period. Modera Wealth Management LLC increased its position in Starbucks by 1.1% during the fourth quarter. Modera Wealth Management LLC now owns 148,678 shares of the coffee company’s stock valued at $13,567,000 after acquiring an additional 1,610 shares during the last quarter. Finally, SRS Capital Advisors Inc. lifted its holdings in Starbucks by 258.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 7,909 shares of the coffee company’s stock valued at $722,000 after acquiring an additional 5,700 shares during the period. 72.29% of the stock is owned by hedge funds and other institutional investors.

Starbucks Price Performance

NASDAQ:SBUX opened at $115.41 on Tuesday. The company has a market cap of $131.09 billion, a price-to-earnings ratio of 37.23, a PEG ratio of 3.59 and a beta of 1.00. Starbucks Co. has a 1 year low of $71.55 and a 1 year high of $117.46. The stock’s 50 day simple moving average is $102.67 and its two-hundred day simple moving average is $98.68.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results 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 in the prior year, the business earned $0.90 EPS. As a group, analysts anticipate that Starbucks Co. will post 2.99 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on SBUX shares. TD Cowen reaffirmed a “buy” rating and set a $110.00 price target on shares of Starbucks in a research report on Monday, November 11th. UBS Group increased their price target on shares of Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Barclays boosted their price objective 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. BMO Capital Markets raised their target price on Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $115.00 price target on shares of Starbucks in a report on Friday, January 24th. Three analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Starbucks presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.75.

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.