Zions Bancorporation N.A. Has $2.07 Million Stock Position in Starbucks Co. (NASDAQ:SBUX)

Zions Bancorporation N.A. grew its position in Starbucks Co. (NASDAQ:SBUX) by 8.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,699 shares of the coffee company’s stock after purchasing an additional 1,802 shares during the period. Zions Bancorporation N.A.’s holdings in Starbucks were worth $2,071,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. TIAA Trust National Association lifted its stake in Starbucks by 0.4% in the fourth quarter. TIAA Trust National Association now owns 54,977 shares of the coffee company’s stock valued at $5,017,000 after acquiring an additional 222 shares during the last quarter. Ashton Thomas Securities LLC raised its holdings in shares of Starbucks by 8.2% during the 4th quarter. Ashton Thomas Securities LLC now owns 7,963 shares of the coffee company’s stock valued at $728,000 after purchasing an additional 604 shares in the last quarter. Modern Wealth Management LLC lifted its stake in shares of Starbucks by 39.8% in the 4th quarter. Modern Wealth Management LLC now owns 8,209 shares of the coffee company’s stock valued at $749,000 after purchasing an additional 2,335 shares during the last quarter. Segall Bryant & Hamill LLC boosted its holdings in Starbucks by 15.1% in the fourth quarter. Segall Bryant & Hamill LLC now owns 104,272 shares of the coffee company’s stock worth $9,515,000 after purchasing an additional 13,683 shares in the last quarter. Finally, CoreFirst Bank & Trust acquired a new position in Starbucks during the fourth quarter worth $320,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on SBUX shares. UBS Group upped their price target on Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Stifel Nicolaus upped their target price on Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Argus raised shares of Starbucks from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a research report on Tuesday, March 18th. BMO Capital Markets upped their price objective on shares of 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 reiterated an “outperform” rating and issued a $115.00 target price on shares of Starbucks in a report on Friday, January 24th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Starbucks presently has an average rating of “Moderate Buy” and a consensus target price of $106.12.

Starbucks Price Performance

Starbucks stock opened at $95.88 on Wednesday. The firm has a market capitalization of $108.91 billion, a P/E ratio of 30.93, a P/E/G ratio of 3.59 and a beta of 0.99. The stock has a fifty day moving average price of $105.51 and a two-hundred day moving average price of $99.48. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $117.46.

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 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 posted $0.90 earnings per share. On average, equities research analysts predict that Starbucks Co. will post 2.99 EPS for the current fiscal year.

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.