Starbucks Co. (NASDAQ:SBUX) Shares Acquired by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund grew its position in Starbucks Co. (NASDAQ:SBUX) by 0.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 97,129 shares of the coffee company’s stock after purchasing an additional 190 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Starbucks were worth $8,863,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of SBUX. Wellington Management Group LLP increased its holdings in shares of Starbucks by 100.6% in the third quarter. Wellington Management Group LLP now owns 15,149,937 shares of the coffee company’s stock valued at $1,476,967,000 after purchasing an additional 7,598,146 shares during the period. FMR LLC increased its holdings in shares of Starbucks by 55.0% in the third quarter. FMR LLC now owns 19,779,859 shares of the coffee company’s stock valued at $1,928,339,000 after purchasing an additional 7,015,375 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of Starbucks by 1,491.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,808,571 shares of the coffee company’s stock valued at $256,282,000 after purchasing an additional 2,632,087 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Starbucks by 1,078.5% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,545,419 shares of the coffee company’s stock valued at $248,153,000 after purchasing an additional 2,329,431 shares during the period. Finally, Zurich Insurance Group Ltd FI acquired a new position in shares of Starbucks in the third quarter valued at about $126,574,000. 72.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on SBUX. Citigroup raised their target price on Starbucks from $96.00 to $99.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. BMO Capital Markets raised their target price on Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Wedbush raised their target price on Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. UBS Group raised their target price on Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Finally, Wells Fargo & Company raised their target price on Starbucks from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Tuesday. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Starbucks has a consensus rating of “Moderate Buy” and a consensus target price of $105.75.

Starbucks Price Performance

NASDAQ SBUX opened at $113.00 on Thursday. The company has a market cap of $128.36 billion, a PE ratio of 36.45, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. The stock’s 50 day simple moving average is $101.04 and its 200-day simple moving average is $98.10. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $115.24.

Starbucks (NASDAQ:SBUX) last released its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, beating 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 period in the prior year, the firm earned $0.90 EPS. On average, equities research analysts anticipate that Starbucks Co. will post 2.99 EPS for the current fiscal year.

Starbucks Company 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.