34,630 Shares in Starbucks Co. (NASDAQ:SBUX) Purchased by Terra Alpha Investments LLC

Terra Alpha Investments LLC purchased a new position in Starbucks Co. (NASDAQ:SBUX) in the fourth quarter, Holdings Channel reports. The fund purchased 34,630 shares of the coffee company’s stock, valued at approximately $3,160,000. Starbucks accounts for 3.2% of Terra Alpha Investments LLC’s holdings, making the stock its 14th biggest holding.

A number of other large investors also recently bought and sold shares of SBUX. Financial Life Planners acquired a new position in shares of Starbucks during the fourth quarter valued at approximately $25,000. Collier Financial acquired a new position in shares of Starbucks during the fourth quarter valued at approximately $27,000. Marshall Investment Management LLC acquired a new position in shares of Starbucks during the fourth quarter valued at approximately $30,000. Noble Wealth Management PBC acquired a new position in shares of Starbucks during the fourth quarter valued at approximately $30,000. Finally, Centricity Wealth Management LLC acquired a new position in shares of Starbucks during the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Stock Up 2.2 %

Shares of SBUX opened at $98.11 on Monday. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $117.46. The firm’s 50 day moving average price is $104.82 and its 200 day moving average price is $99.25. The company has a market cap of $111.44 billion, a P/E ratio of 31.65, a PEG ratio of 3.59 and a beta of 0.99.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share 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 quarter in the prior year, the company posted $0.90 EPS. Research analysts forecast that Starbucks Co. will post 2.99 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SBUX shares. Wells Fargo & Company upped their price target on Starbucks from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. UBS Group lifted their price target on Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Stifel Nicolaus upped their price objective on shares of Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a report on Monday, January 27th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $115.00 target price on shares of Starbucks in a research note on Friday, January 24th. Finally, BMO Capital Markets lifted their target price on shares of Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Three investment 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 currently has an average rating of “Moderate Buy” and an average target price 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.