FourThought Financial Partners LLC Invests $448,000 in Starbucks Co. (NASDAQ:SBUX)

FourThought Financial Partners LLC bought a new position in shares of Starbucks Co. (NASDAQ:SBUX) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 4,904 shares of the coffee company’s stock, valued at approximately $448,000.

Several other hedge funds have also modified their holdings of the company. Financial Life Planners acquired a new position in shares of Starbucks during the 4th quarter worth about $25,000. Collier Financial acquired a new position in shares of Starbucks during the 4th quarter worth about $27,000. Marshall Investment Management LLC acquired a new position in shares of Starbucks during the 4th quarter worth about $30,000. Centricity Wealth Management LLC acquired a new position in shares of Starbucks during the 4th quarter worth about $36,000. Finally, Morton Brown Family Wealth LLC raised its position in shares of Starbucks by 43.9% during the 4th quarter. Morton Brown Family Wealth LLC now owns 505 shares of the coffee company’s stock worth $46,000 after purchasing an additional 154 shares during the last quarter. 72.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SBUX. Wells Fargo & Company raised their price target on shares of Starbucks from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Tuesday. Barclays lifted their price objective on shares of Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Wedbush lifted their price target on shares of Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Citigroup lifted their price target on shares of Starbucks from $96.00 to $99.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Finally, Stifel Nicolaus lifted their price target on shares of Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.75.

Starbucks Stock Up 1.2 %

Starbucks stock opened at $114.59 on Wednesday. The firm has a market capitalization of $130.16 billion, a P/E ratio of 36.96, a PEG ratio of 3.59 and a beta of 1.00. The firm has a fifty day moving average of $100.58 and a 200-day moving average of $98.00. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $115.24.

Starbucks (NASDAQ:SBUX) last announced its 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 net margin of 9.73% and a negative return on equity of 44.97%. During the same period in the prior year, the firm earned $0.90 earnings per share. On average, research analysts expect that Starbucks Co. will post 2.99 EPS for the current fiscal year.

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.