Guyasuta Investment Advisors Inc. acquired a new position in shares of Starbucks Co. (NASDAQ:SBUX) during the third quarter, HoldingsChannel.com reports. The firm acquired 5,505 shares of the coffee company’s stock, valued at approximately $296,000.
A number of other institutional investors also recently made changes to their positions in the stock. Jacobi Capital Management LLC raised its position in Starbucks by 6.9% in the second quarter. Jacobi Capital Management LLC now owns 2,007 shares of the coffee company’s stock valued at $116,000 after purchasing an additional 129 shares during the period. Valley National Advisers Inc. raised its position in Starbucks by 2.8% in the second quarter. Valley National Advisers Inc. now owns 2,089 shares of the coffee company’s stock valued at $122,000 after purchasing an additional 57 shares during the period. Shine Investment Advisory Services Inc. purchased a new stake in Starbucks in the second quarter valued at $128,000. Horan Capital Advisors LLC. purchased a new stake in Starbucks in the third quarter valued at $131,000. Finally, Aviance Capital Management LLC purchased a new stake in Starbucks in the second quarter valued at $146,000. Hedge funds and other institutional investors own 70.72% of the company’s stock.
A number of equities research analysts have commented on SBUX shares. Stephens restated an “equal weight” rating and issued a $52.00 target price (down previously from $58.00) on shares of Starbucks in a research report on Friday, September 29th. They noted that the move was a valuation call. Mizuho restated a “buy” rating and issued a $75.00 target price on shares of Starbucks in a research report on Friday, September 29th. Stifel Nicolaus started coverage on Starbucks in a research report on Tuesday, October 3rd. They issued a “hold” rating and a $58.00 target price on the stock. Morgan Stanley restated an “overweight” rating and issued a $62.00 target price on shares of Starbucks in a research report on Wednesday, October 4th. Finally, BMO Capital Markets restated a “hold” rating on shares of Starbucks in a research report on Thursday, October 5th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $63.54.
Starbucks Co. (SBUX) opened at $61.26 on Monday. Starbucks Co. has a one year low of $52.58 and a one year high of $64.87. The company has a market capitalization of $87,160.00, a price-to-earnings ratio of 31.10, a P/E/G ratio of 1.66 and a beta of 0.76. The company has a current ratio of 1.25, a quick ratio of 0.93 and a debt-to-equity ratio of 0.72.
Starbucks (NASDAQ:SBUX) last released its earnings results on Thursday, November 2nd. The coffee company reported $0.55 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.55. Starbucks had a return on equity of 53.34% and a net margin of 12.89%. The firm had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.81 billion. During the same period in the previous year, the firm posted $0.56 EPS. Starbucks’s revenue for the quarter was down .2% on a year-over-year basis. analysts anticipate that Starbucks Co. will post 2.38 earnings per share for the current fiscal year.
Starbucks Corporation (Starbucks) is a roaster, marketer and retailer of coffee. As of October 2, 2016, the Company operated in 75 countries. The Company operates through four segments: Americas, which is inclusive of the United States, Canada, and Latin America; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA), and Channel Development.
Want to see what other hedge funds are holding SBUX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Starbucks Co. (NASDAQ:SBUX).
Receive News & Ratings for Starbucks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Starbucks and related companies with MarketBeat.com's FREE daily email newsletter.