Strategic Financial Concepts LLC Buys New Holdings in Starbucks Co. (NASDAQ:SBUX)

Strategic Financial Concepts LLC acquired a new position in shares of Starbucks Co. (NASDAQ:SBUX) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 61,131 shares of the coffee company’s stock, valued at approximately $62,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Private Advisor Group LLC increased its stake in Starbucks by 1.2% in the third quarter. Private Advisor Group LLC now owns 118,946 shares of the coffee company’s stock valued at $11,596,000 after acquiring an additional 1,418 shares during the last quarter. McAdam LLC raised its position in Starbucks by 4.4% during the third quarter. McAdam LLC now owns 6,085 shares of the coffee company’s stock valued at $593,000 after purchasing an additional 255 shares in the last quarter. International Assets Investment Management LLC raised its position in Starbucks by 11,217.0% during the third quarter. International Assets Investment Management LLC now owns 752,355 shares of the coffee company’s stock valued at $73,347,000 after purchasing an additional 745,707 shares in the last quarter. YHB Investment Advisors Inc. raised its position in Starbucks by 3.1% during the third quarter. YHB Investment Advisors Inc. now owns 5,408 shares of the coffee company’s stock valued at $527,000 after purchasing an additional 162 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. raised its position in Starbucks by 31.8% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 3,766 shares of the coffee company’s stock valued at $367,000 after purchasing an additional 909 shares in the last quarter. 72.29% of the stock is owned by institutional investors.

Starbucks Trading Down 1.4 %

Shares of NASDAQ SBUX opened at $111.75 on Friday. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $114.68. The stock has a market cap of $126.94 billion, a price-to-earnings ratio of 36.05, a PEG ratio of 3.56 and a beta of 1.00. The company’s 50-day moving average price is $99.72 and its 200 day moving average price is $97.15.

Starbucks (NASDAQ:SBUX) last released 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 period in the previous year, the firm earned $0.90 EPS. As a group, research analysts expect that Starbucks Co. will post 2.99 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. 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. Redburn Atlantic reaffirmed a “sell” rating and set a $77.00 price objective (down from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. Barclays raised their price objective on Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Wedbush raised their price objective on Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Finally, Stifel Nicolaus raised their price objective on 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 issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Starbucks has an average rating of “Moderate Buy” and a consensus target price of $105.33.

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.