4,267 Shares in Starbucks Co. (NASDAQ:SBUX) Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new stake in shares of Starbucks Co. (NASDAQ:SBUX) during the fourth quarter, HoldingsChannel reports. The fund bought 4,267 shares of the coffee company’s stock, valued at approximately $389,000.

Several other hedge funds also recently bought and sold shares of the stock. Financial Life Planners purchased a new stake in Starbucks during the 4th quarter worth about $25,000. Collier Financial acquired a new stake in shares of Starbucks during the 4th quarter worth about $27,000. Marshall Investment Management LLC purchased a new stake in shares of Starbucks during the fourth quarter worth about $30,000. Centricity Wealth Management LLC acquired a new position in shares of Starbucks in the fourth quarter valued at approximately $36,000. Finally, Morton Brown Family Wealth LLC lifted its stake in shares of Starbucks by 43.9% during the fourth quarter. Morton Brown Family Wealth LLC now owns 505 shares of the coffee company’s stock valued at $46,000 after buying an additional 154 shares during the period. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Starbucks Stock Down 0.3 %

Shares of SBUX stock opened at $115.41 on Tuesday. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $117.46. The company has a market cap of $131.09 billion, a PE ratio of 37.23, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. The business’s 50 day moving average is $102.67 and its two-hundred day moving average is $98.68.

Starbucks (NASDAQ:SBUX) last posted its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 last year, the firm posted $0.90 EPS. As a group, equities analysts expect that Starbucks Co. will post 2.99 EPS for the current fiscal year.

Analysts Set New Price Targets

SBUX has been the subject of a number of recent analyst reports. UBS Group lifted their price objective on Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Royal Bank of Canada restated an “outperform” rating and issued a $115.00 price target on shares of Starbucks in a report on Friday, January 24th. Wedbush increased their price objective on shares of Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. TD Cowen reissued a “buy” rating and issued a $110.00 target price on shares of Starbucks in a research report on Monday, November 11th. Finally, Redburn Atlantic reaffirmed a “sell” rating and set a $77.00 price target (down previously from $84.00) on shares of Starbucks in a research report on Wednesday, November 13th. 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $105.75.

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.