Vista Capital Partners Inc. Buys 200 Shares of Starbucks Co. (SBUX)
Vista Capital Partners Inc. increased its position in Starbucks Co. (NASDAQ:SBUX) by 0.9% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 21,320 shares of the coffee company’s stock after buying an additional 200 shares during the period. Starbucks comprises 0.3% of Vista Capital Partners Inc.’s portfolio, making the stock its 7th largest position. Vista Capital Partners Inc.’s holdings in Starbucks were worth $1,245,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Fusion Family Wealth LLC acquired a new position in Starbucks during the fourth quarter valued at $123,000. Cascade Investment Advisors Inc. acquired a new position in Starbucks during the fourth quarter valued at $131,000. Cornerstone Advisors Inc. raised its position in Starbucks by 186.0% in the third quarter. Cornerstone Advisors Inc. now owns 2,637 shares of the coffee company’s stock valued at $143,000 after buying an additional 1,715 shares in the last quarter. Stanford Investment Group Inc. raised its position in Starbucks by 0.3% in the fourth quarter. Stanford Investment Group Inc. now owns 2,576 shares of the coffee company’s stock valued at $143,000 after buying an additional 8 shares in the last quarter. Finally, Elgethun Capital Management acquired a new position in Starbucks during the fourth quarter valued at $147,000. 68.49% of the stock is owned by institutional investors and hedge funds.
Starbucks Co. (NASDAQ:SBUX) opened at 60.08 on Friday. Starbucks Co. has a 52-week low of $50.84 and a 52-week high of $60.34. The stock has a 50 day moving average price of $56.93 and a 200 day moving average price of $56.20. The firm has a market cap of $87.56 billion, a P/E ratio of 30.81 and a beta of 0.79.
Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Thursday, January 26th. The coffee company reported $0.52 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.52. The business had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.85 billion. Starbucks had a net margin of 13.30% and a return on equity of 51.45%. The business’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.46 earnings per share. Equities analysts predict that Starbucks Co. will post $2.13 earnings per share for the current fiscal year.
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Several research analysts have weighed in on the company. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $65.00 target price on shares of Starbucks in a report on Thursday. Stifel Nicolaus upgraded Starbucks from a “hold” rating to a “buy” rating and lifted their target price for the stock from $60.00 to $67.00 in a report on Wednesday. They noted that the move was a valuation call. Royal Bank of Canada reiterated an “outperform” rating and set a $66.00 target price on shares of Starbucks in a report on Tuesday. Zacks Investment Research upgraded Starbucks from a “hold” rating to a “buy” rating and set a $64.00 target price on the stock in a report on Tuesday. Finally, Vetr lowered Starbucks from a “strong-buy” rating to a “buy” rating and set a $64.50 target price on the stock. in a report on Tuesday. Six equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the company’s stock. Starbucks presently has a consensus rating of “Buy” and a consensus target price of $64.30.
In other Starbucks news, Director Joshua Cooper Ramo sold 5,868 shares of the company’s stock in a transaction dated Tuesday, January 31st. The shares were sold at an average price of $55.23, for a total value of $324,089.64. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 3.40% of the stock is currently owned by corporate insiders.
Starbucks Corporation (Starbucks) is a roaster, marketer and retailer of coffee. As of October 2, 2016, the Company operated in 75 countries. The Company operates through four segments: Americas, which is inclusive of the United States, Canada, and Latin America; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA), and Channel Development.
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