Starbucks Co. (NASDAQ:SBUX) Position Boosted by Metis Global Partners LLC

Metis Global Partners LLC increased its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 2.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 56,744 shares of the coffee company’s stock after buying an additional 1,356 shares during the period. Metis Global Partners LLC’s holdings in Starbucks were worth $5,178,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of SBUX. Pallas Capital Advisors LLC bought a new position in Starbucks in the third quarter worth about $235,000. Strategic Blueprint LLC bought a new position in Starbucks in the third quarter worth about $209,000. JFS Wealth Advisors LLC lifted its holdings in Starbucks by 22.6% in the third quarter. JFS Wealth Advisors LLC now owns 3,271 shares of the coffee company’s stock worth $319,000 after acquiring an additional 602 shares during the last quarter. Rice Hall James & Associates LLC bought a new position in Starbucks in the third quarter worth about $241,000. Finally, Aspen Wealth Strategies LLC lifted its holdings in Starbucks by 4.5% in the third quarter. Aspen Wealth Strategies LLC now owns 4,451 shares of the coffee company’s stock worth $434,000 after acquiring an additional 191 shares during the last quarter. Institutional investors own 72.29% of the company’s stock.

Starbucks Stock Performance

Starbucks stock opened at $115.81 on Friday. The firm has a market cap of $131.55 billion, a price-to-earnings ratio of 37.36, a price-to-earnings-growth 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 $116.09. The firm’s 50 day moving average price is $102.11 and its two-hundred day moving average price is $98.49.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, topping 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 last year, the business earned $0.90 EPS. As a group, equities analysts predict that Starbucks Co. will post 2.99 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on SBUX. Royal Bank of Canada reaffirmed an “outperform” rating and set a $115.00 price target on shares of Starbucks in a report on Friday, January 24th. Wedbush lifted their price target on Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Barclays lifted their price target on Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Stifel Nicolaus lifted their price target on Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a report on Monday, January 27th. Finally, TD Cowen reaffirmed a “buy” rating and set a $110.00 price target on shares of Starbucks in a report on Monday, November 11th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.