Acima Private Wealth LLC boosted its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 16.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,034 shares of the coffee company’s stock after buying an additional 700 shares during the period. Acima Private Wealth LLC’s holdings in Starbucks were worth $443,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of SBUX. Ferguson Wellman Capital Management Inc. raised its position in Starbucks by 5.8% during the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 34,190 shares of the coffee company’s stock valued at $3,006,000 after purchasing an additional 1,860 shares in the last quarter. Chicago Partners Investment Group LLC raised its position in Starbucks by 9.1% during the fourth quarter. Chicago Partners Investment Group LLC now owns 3,551 shares of the coffee company’s stock valued at $329,000 after purchasing an additional 297 shares in the last quarter. Benin Management CORP raised its position in Starbucks by 72.9% during the fourth quarter. Benin Management CORP now owns 17,545 shares of the coffee company’s stock valued at $1,543,000 after purchasing an additional 7,400 shares in the last quarter. Breiter Capital Management Inc. raised its position in Starbucks by 8.5% during the fourth quarter. Breiter Capital Management Inc. now owns 16,319 shares of the coffee company’s stock valued at $1,435,000 after purchasing an additional 1,281 shares in the last quarter. Finally, Signet Financial Management LLC purchased a new stake in Starbucks during the fourth quarter valued at about $311,000. 69.97% of the stock is owned by institutional investors.
NASDAQ SBUX opened at $93.75 on Friday. The stock has a market capitalization of $109.28 billion, a PE ratio of 32.00, a PEG ratio of 2.34 and a beta of 0.51. Starbucks Co. has a 1 year low of $62.93 and a 1 year high of $99.72. The business’s 50-day moving average is $89.15 and its 200 day moving average is $89.38.
In other Starbucks news, EVP Lucy Lee Helm sold 18,982 shares of Starbucks stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $88.49, for a total transaction of $1,679,717.18. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Jill Walker sold 2,000 shares of Starbucks stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $86.47, for a total value of $172,940.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,207 shares of company stock worth $3,072,954. Insiders own 3.98% of the company’s stock.
A number of equities research analysts have weighed in on the company. Weeden restated a “neutral” rating on shares of Starbucks in a research report on Friday, November 1st. Barclays upgraded Starbucks from an “equal weight” rating to an “overweight” rating and set a $107.00 price target on the stock in a research report on Thursday, January 9th. Royal Bank of Canada restated a “buy” rating and set a $97.00 price target on shares of Starbucks in a research report on Thursday. JPMorgan Chase & Co. upgraded Starbucks to a “buy” rating and set a $94.00 price target on the stock in a research report on Tuesday, January 7th. Finally, ValuEngine downgraded Starbucks from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Starbucks presently has an average rating of “Hold” and a consensus price target of $92.35.
Starbucks Company Profile
Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink beverages, iced tea, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.
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