Starbucks Co. (NASDAQ:SBUX) Shares Acquired by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI increased its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 6.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,154 shares of the coffee company’s stock after buying an additional 2,749 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Starbucks were worth $4,212,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SBUX. Steward Partners Investment Advisory LLC grew its holdings in shares of Starbucks by 1.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 132,551 shares of the coffee company’s stock worth $12,095,000 after acquiring an additional 1,763 shares during the period. Wernau Asset Management Inc. purchased a new stake in Starbucks during the fourth quarter worth $258,000. Keystone Wealth Services LLC grew its holdings in Starbucks by 58.3% in the fourth quarter. Keystone Wealth Services LLC now owns 16,069 shares of the coffee company’s stock valued at $1,466,000 after purchasing an additional 5,918 shares during the last quarter. Grandfield & Dodd LLC increased its position in shares of Starbucks by 30.3% in the fourth quarter. Grandfield & Dodd LLC now owns 59,297 shares of the coffee company’s stock valued at $5,411,000 after buying an additional 13,796 shares in the last quarter. Finally, Fidelis Capital Partners LLC raised its stake in shares of Starbucks by 5.0% during the 4th quarter. Fidelis Capital Partners LLC now owns 8,227 shares of the coffee company’s stock worth $751,000 after buying an additional 395 shares during the last quarter. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Starbucks Stock Performance

Shares of NASDAQ:SBUX opened at $115.41 on Tuesday. Starbucks Co. has a 1 year low of $71.55 and a 1 year high of $117.46. The stock has a 50-day simple moving average of $102.67 and a 200-day simple moving average of $98.68. The stock has a market capitalization of $131.09 billion, a P/E ratio of 37.23, a PEG ratio of 3.59 and a beta of 1.00.

Starbucks (NASDAQ:SBUX) last released 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 period last year, the company earned $0.90 earnings per share. Analysts predict that Starbucks Co. will post 2.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SBUX. Barclays increased their price objective on shares of Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. BMO Capital Markets raised their price objective 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. TD Cowen restated a “buy” rating and set a $110.00 price objective on shares of Starbucks in a research report on Monday, November 11th. Redburn Atlantic reiterated a “sell” rating and set a $77.00 target price (down previously from $84.00) on shares of Starbucks in a report on Wednesday, November 13th. Finally, Wedbush boosted their price target on Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.