Bender Robert & Associates Acquires 1,155 Shares of Starbucks Co. (NASDAQ:SBUX)

Bender Robert & Associates increased its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 2.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 44,406 shares of the coffee company’s stock after purchasing an additional 1,155 shares during the quarter. Starbucks accounts for 1.0% of Bender Robert & Associates’ holdings, making the stock its 20th biggest position. Bender Robert & Associates’ holdings in Starbucks were worth $4,052,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of SBUX. Financial Life Planners bought a new stake in Starbucks during the 4th quarter worth approximately $25,000. Collier Financial bought a new stake in Starbucks during the 4th quarter worth approximately $27,000. Marshall Investment Management LLC bought a new position in shares of Starbucks during the 4th quarter worth approximately $30,000. Noble Wealth Management PBC bought a new position in shares of Starbucks during the 4th quarter worth approximately $30,000. Finally, Centricity Wealth Management LLC bought a new position in shares of Starbucks during the 4th quarter worth approximately $36,000. 72.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. UBS Group raised their price target on shares of Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Barclays raised their price target on shares of Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Wells Fargo & Company raised their price target on shares of Starbucks from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. Wedbush raised their price target on shares of Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Finally, Stifel Nicolaus raised their target price on shares of Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Three analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $105.75.

Starbucks Stock Down 1.5 %

Shares of NASDAQ SBUX opened at $99.58 on Wednesday. The firm has a market cap of $113.11 billion, a PE ratio of 32.12, a P/E/G ratio of 3.59 and a beta of 0.99. Starbucks Co. has a 12-month low of $71.55 and a 12-month high of $117.46. The company’s fifty day simple moving average is $104.48 and its 200 day simple moving average is $99.23.

Starbucks (NASDAQ:SBUX) last issued its 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 quarter last year, the firm earned $0.90 EPS. On average, equities analysts predict that Starbucks Co. will post 2.99 earnings per share for the current 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.