Relyea Zuckerberg Hanson LLC Acquires 413 Shares of Starbucks Co. (NASDAQ:SBUX)

Relyea Zuckerberg Hanson LLC increased its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 8.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,241 shares of the coffee company’s stock after acquiring an additional 413 shares during the period. Relyea Zuckerberg Hanson LLC’s holdings in Starbucks were worth $514,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Starbucks by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 111,106,209 shares of the coffee company’s stock valued at $10,138,442,000 after buying an additional 784,432 shares during the period. Capital World Investors increased its stake in shares of Starbucks by 20.1% in the 4th quarter. Capital World Investors now owns 54,924,230 shares of the coffee company’s stock valued at $5,011,796,000 after buying an additional 9,174,682 shares during the period. FMR LLC increased its stake in shares of Starbucks by 27.0% in the 4th quarter. FMR LLC now owns 25,128,649 shares of the coffee company’s stock valued at $2,292,989,000 after buying an additional 5,348,790 shares during the period. Geode Capital Management LLC increased its stake in shares of Starbucks by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 24,826,001 shares of the coffee company’s stock valued at $2,259,516,000 after buying an additional 548,245 shares during the period. Finally, Wellington Management Group LLP increased its stake in shares of Starbucks by 4.7% in the 4th quarter. Wellington Management Group LLP now owns 15,868,817 shares of the coffee company’s stock valued at $1,448,030,000 after buying an additional 718,880 shares during the period. 72.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. BMO Capital Markets reduced their price target on Starbucks from $115.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 30th. TD Securities restated a “hold” rating and issued a $90.00 price target on shares of Starbucks in a research report on Wednesday. Royal Bank of Canada raised their price target on Starbucks from $95.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday. Jefferies Financial Group upgraded Starbucks from an “underperform” rating to a “hold” rating and set a $76.00 price target on the stock in a research report on Wednesday, April 9th. Finally, UBS Group reduced their target price on Starbucks from $105.00 to $90.00 and set a “neutral” rating on the stock in a report on Monday, April 28th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $98.96.

Starbucks Stock Down 1.1%

NASDAQ SBUX opened at $94.32 on Friday. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $117.46. The company has a market cap of $107.19 billion, a price-to-earnings ratio of 30.43, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. The business’s fifty day moving average is $84.89 and its 200 day moving average is $94.98.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Tuesday, April 29th. The coffee company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.10). Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. The business had revenue of $8.76 billion during the quarter, compared to the consensus estimate of $8.90 billion. During the same period last year, the business posted $0.68 earnings per share. The business’s revenue was up 2.3% on a year-over-year basis. On average, research analysts anticipate that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

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.