IFP Advisors Inc Increases Holdings in Starbucks Co. (NASDAQ:SBUX)

IFP Advisors Inc increased its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 0.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 50,027 shares of the coffee company’s stock after purchasing an additional 228 shares during the period. IFP Advisors Inc’s holdings in Starbucks were worth $4,566,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in SBUX. Financial Life Planners purchased a new position in shares of Starbucks during the 4th quarter valued at $25,000. Collier Financial bought a new stake in Starbucks during the fourth quarter valued at $27,000. Marshall Investment Management LLC purchased a new position in Starbucks during the fourth quarter worth about $30,000. Centricity Wealth Management LLC bought a new position in Starbucks in the 4th quarter worth about $36,000. Finally, Morton Brown Family Wealth LLC raised its holdings in shares of Starbucks by 43.9% in 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. Institutional investors own 72.29% of the company’s stock.

Wall Street Analysts Forecast Growth

SBUX has been the subject of several recent analyst reports. BMO Capital Markets boosted their price objective on Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. TD Cowen reissued a “buy” rating and issued a $110.00 price target on shares of Starbucks in a research note on Monday, November 11th. Wells Fargo & Company raised their price objective on shares of Starbucks from $110.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, November 26th. UBS Group lifted their price objective on shares of Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Finally, Wedbush increased their target price on Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $105.33.

Starbucks Trading Up 1.3 %

SBUX stock opened at $113.19 on Tuesday. The firm’s 50-day moving average price is $100.13 and its two-hundred day moving average price is $97.72. The stock has a market capitalization of $128.57 billion, a price-to-earnings ratio of 36.51, a PEG ratio of 3.59 and a beta of 1.00. Starbucks Co. has a 12-month low of $71.55 and a 12-month high of $114.68.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates 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 period last year, the business earned $0.90 earnings per share. Equities analysts predict that Starbucks Co. will post 2.99 EPS for the current year.

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.