Advyzon Investment Management LLC Purchases New Stake in Starbucks Co. (NASDAQ:SBUX)

Advyzon Investment Management LLC acquired a new stake in shares of Starbucks Co. (NASDAQ:SBUX) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 3,765 shares of the coffee company’s stock, valued at approximately $344,000.

Several other large investors have also bought and sold shares of SBUX. Financial Life Planners bought a new position in Starbucks during the 4th quarter valued at $25,000. Collier Financial bought a new position in Starbucks during the 4th quarter valued at $27,000. DT Investment Partners LLC lifted its stake in Starbucks by 39.4% during the 3rd quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock valued at $42,000 after acquiring an additional 121 shares in the last quarter. Morton Brown Family Wealth LLC lifted its stake in Starbucks by 43.9% during the 4th 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 in the last quarter. Finally, FSA Wealth Management LLC bought a new position in Starbucks during the 3rd quarter valued at $49,000. 72.29% of the stock is currently owned by institutional investors.

Starbucks Stock Down 0.5 %

SBUX stock opened at $112.49 on Thursday. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $113.47. The firm has a market capitalization of $127.78 billion, a PE ratio of 36.29, a PEG ratio of 3.56 and a beta of 1.00. The stock has a 50-day simple moving average of $99.13 and a two-hundred day simple moving average of $96.77.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 EPS 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 business earned $0.90 earnings per share. On average, equities research analysts anticipate that Starbucks Co. will post 3 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on SBUX shares. Wells Fargo & Company raised their price objective on Starbucks from $110.00 to $115.00 and gave the company an “overweight” rating in a research note on Tuesday, November 26th. UBS Group lifted their target price on Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Citigroup lifted their target price on Starbucks from $96.00 to $99.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Barclays lifted their target price on Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $115.00 target price on shares of Starbucks in a research note on Friday, January 24th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $105.33.

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.