Souders Financial Advisors Has $270,000 Holdings in Starbucks Co. (NASDAQ:SBUX)

Souders Financial Advisors boosted its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 18.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,955 shares of the coffee company’s stock after acquiring an additional 450 shares during the quarter. Souders Financial Advisors’ holdings in Starbucks were worth $270,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Robeco Institutional Asset Management B.V. raised its stake in shares of Starbucks by 6.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 45,446 shares of the coffee company’s stock worth $4,431,000 after purchasing an additional 2,590 shares in the last quarter. Catalyst Capital Advisors LLC raised its stake in shares of Starbucks by 61.7% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 1,779 shares of the coffee company’s stock worth $173,000 after purchasing an additional 679 shares in the last quarter. Greenwood Capital Associates LLC purchased a new stake in shares of Starbucks during the 3rd quarter worth about $200,000. ASB Consultores LLC purchased a new stake in shares of Starbucks during the 3rd quarter worth about $213,000. Finally, Heritage Investors Management Corp raised its stake in shares of Starbucks by 52.9% in the 3rd quarter. Heritage Investors Management Corp now owns 5,961 shares of the coffee company’s stock valued at $581,000 after acquiring an additional 2,063 shares in the last quarter. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Starbucks Trading Down 0.3 %

Shares of NASDAQ:SBUX opened at $111.69 on Thursday. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $117.46. The firm has a market capitalization of $126.87 billion, a PE ratio of 36.03, a PEG ratio of 3.59 and a beta of 0.99. The business’s 50 day moving average is $103.55 and its 200-day moving average is $98.89.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, topping the consensus estimate 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 last year, the firm posted $0.90 EPS. On average, sell-side analysts predict that Starbucks Co. will post 2.99 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $115.00 price objective on shares of Starbucks in a research note on Friday, January 24th. UBS Group raised their price objective on Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Redburn Atlantic reissued a “sell” rating and issued a $77.00 price objective (down from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. Stifel Nicolaus raised their price objective on Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, BMO Capital Markets raised their price objective on 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 given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus 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.