WINTON GROUP Ltd Purchases 97,117 Shares of Starbucks Co. (NASDAQ:SBUX)

WINTON GROUP Ltd raised its position in Starbucks Co. (NASDAQ:SBUX) by 187.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 149,025 shares of the coffee company’s stock after purchasing an additional 97,117 shares during the period. Starbucks makes up about 0.9% of WINTON GROUP Ltd’s investment portfolio, making the stock its 18th biggest holding. WINTON GROUP Ltd’s holdings in Starbucks were worth $13,599,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Financial Life Planners acquired a new position in shares of Starbucks in the 4th quarter valued at approximately $25,000. Graney & King LLC acquired a new position in shares of Starbucks in the fourth quarter valued at approximately $26,000. Collier Financial bought a new stake in shares of Starbucks during the fourth quarter worth $27,000. Runnymede Capital Advisors Inc. acquired a new stake in shares of Starbucks during the fourth quarter worth $27,000. Finally, Marshall Investment Management LLC bought a new stake in Starbucks in the 4th quarter valued at $30,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Stifel Nicolaus increased their target price on Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Wedbush increased their price objective on Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Royal Bank of Canada restated an “outperform” rating and issued a $115.00 target price on shares of Starbucks in a research note on Friday, January 24th. Wells Fargo & Company raised their price target on shares of Starbucks from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. Finally, UBS Group boosted their price objective on shares of Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $106.12.

Starbucks Price Performance

Shares of Starbucks stock opened at $97.97 on Thursday. Starbucks Co. has a 1 year low of $71.55 and a 1 year high of $117.46. The company has a market capitalization of $111.28 billion, a price-to-earnings ratio of 31.60, a P/E/G ratio of 3.59 and a beta of 0.99. The business has a fifty day simple moving average of $105.61 and a two-hundred day simple moving average of $99.47.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data 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 quarter in the prior year, the firm earned $0.90 earnings per share. As a group, equities analysts anticipate that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

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.