Rothschild Investment LLC Buys 2,491 Shares of Starbucks Co. (NASDAQ:SBUX)

Rothschild Investment LLC boosted its stake in Starbucks Co. (NASDAQ:SBUX) by 8.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 31,005 shares of the coffee company’s stock after acquiring an additional 2,491 shares during the quarter. Rothschild Investment LLC’s holdings in Starbucks were worth $2,829,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SBUX. Financial Life Planners bought a new position in Starbucks in the 4th quarter valued at approximately $25,000. Collier Financial bought a new position in Starbucks in the 4th quarter valued at approximately $27,000. Marshall Investment Management LLC bought a new position in Starbucks in the 4th quarter valued at approximately $30,000. Centricity Wealth Management LLC bought a new position in Starbucks in the 4th quarter valued at approximately $36,000. Finally, Morton Brown Family Wealth LLC raised its stake in shares of Starbucks by 43.9% during the fourth quarter. Morton Brown Family Wealth LLC now owns 505 shares of the coffee company’s stock valued at $46,000 after acquiring an additional 154 shares during the last quarter. Institutional investors own 72.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on SBUX shares. Redburn Atlantic reaffirmed a “sell” rating and set a $77.00 price target (down previously from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. Wedbush raised their price target on shares of Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. UBS Group raised their price target on shares of Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Wells Fargo & Company raised their price target on shares of Starbucks from $110.00 to $115.00 and gave the company an “overweight” rating in a research note on Tuesday, November 26th. Finally, BMO Capital Markets raised their price target on shares of Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Three equities 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 stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $105.33.

Starbucks Price Performance

Shares of NASDAQ SBUX opened at $111.75 on Monday. The stock has a market capitalization of $126.94 billion, a P/E ratio of 36.05, a P/E/G ratio of 3.59 and a beta of 1.00. The company has a 50-day moving average price of $99.72 and a 200-day moving average price of $97.46. Starbucks Co. has a 1 year low of $71.55 and a 1 year high of $114.68.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data 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 previous year, the company earned $0.90 earnings per share. As a group, equities research analysts anticipate that Starbucks Co. will post 2.99 earnings per share 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.