Starbucks Co. (NASDAQ:SBUX) Stock Holdings Lifted by Centurion Wealth Management LLC

Centurion Wealth Management LLC lifted its position in Starbucks Co. (NASDAQ:SBUX) by 8.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,767 shares of the coffee company’s stock after buying an additional 213 shares during the quarter. Centurion Wealth Management LLC’s holdings in Starbucks were worth $253,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SBUX. Financial Life Planners acquired a new stake in shares of Starbucks in the fourth quarter worth about $25,000. Collier Financial bought a new stake in shares of Starbucks during the 4th quarter worth $27,000. Marshall Investment Management LLC bought a new position in Starbucks in the 4th quarter worth $30,000. Noble Wealth Management PBC acquired a new position in Starbucks during the 4th quarter worth $30,000. Finally, Centricity Wealth Management LLC acquired a new position in shares of Starbucks during the 4th quarter worth about $36,000. Institutional investors own 72.29% of the company’s stock.

Starbucks Stock Performance

NASDAQ:SBUX opened at $98.11 on Monday. The firm has a market cap of $111.44 billion, a price-to-earnings ratio of 31.65, a P/E/G ratio of 3.59 and a beta of 0.99. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $117.46. The firm’s 50-day simple moving average is $104.82 and its 200 day simple moving average is $99.25.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data 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 quarter in the prior year, the business posted $0.90 EPS. Sell-side analysts anticipate that Starbucks Co. will post 2.99 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on SBUX shares. BMO Capital Markets upped their target price on shares of Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Barclays boosted their price target on shares of Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Stifel Nicolaus raised their price target on shares of Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. UBS Group raised their target price on Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $115.00 price target on shares of Starbucks in a report on Friday, January 24th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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.