Acropolis Investment Management LLC Acquires 960 Shares of Starbucks Co. (SBUX)

Acropolis Investment Management LLC grew its holdings in Starbucks Co. (NASDAQ:SBUX) by 18.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,048 shares of the coffee company’s stock after buying an additional 960 shares during the quarter. Acropolis Investment Management LLC’s holdings in Starbucks were worth $390,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. CI Global Investments Inc. grew its holdings in shares of Starbucks by 1.3% in the 3rd quarter. CI Global Investments Inc. now owns 120,363 shares of the coffee company’s stock worth $6,841,000 after purchasing an additional 1,523 shares during the last quarter. Middleton & Co Inc MA grew its holdings in shares of Starbucks by 1.3% in the 3rd quarter. Middleton & Co Inc MA now owns 142,998 shares of the coffee company’s stock worth $8,128,000 after purchasing an additional 1,768 shares during the last quarter. Taylor Hoffman Wealth Management grew its holdings in shares of Starbucks by 83.8% in the 3rd quarter. Taylor Hoffman Wealth Management now owns 3,437 shares of the coffee company’s stock worth $195,000 after purchasing an additional 1,567 shares during the last quarter. Standard Life Aberdeen plc grew its holdings in shares of Starbucks by 5.4% in the 3rd quarter. Standard Life Aberdeen plc now owns 653,570 shares of the coffee company’s stock worth $37,153,000 after purchasing an additional 33,573 shares during the last quarter. Finally, Calton & Associates Inc. grew its holdings in shares of Starbucks by 84.9% in the 3rd quarter. Calton & Associates Inc. now owns 7,575 shares of the coffee company’s stock worth $431,000 after purchasing an additional 3,478 shares during the last quarter. Institutional investors own 76.01% of the company’s stock.

SBUX has been the topic of a number of research analyst reports. Wedbush reissued a “hold” rating and set a $53.00 price objective on shares of Starbucks in a report on Tuesday, September 18th. Zacks Investment Research lowered shares of Starbucks from a “hold” rating to a “sell” rating in a report on Friday, September 28th. BidaskClub lowered shares of Starbucks from a “buy” rating to a “hold” rating in a report on Tuesday, October 2nd. KeyCorp initiated coverage on shares of Starbucks in a report on Wednesday, October 3rd. They set an “overweight” rating and a $65.00 price objective on the stock. Finally, Bank of America increased their price objective on shares of Starbucks from $57.00 to $64.00 and gave the stock a “buy” rating in a report on Wednesday, October 10th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Starbucks has an average rating of “Buy” and a consensus target price of $66.23.

Starbucks stock opened at $64.19 on Friday. The company has a debt-to-equity ratio of 7.73, a quick ratio of 1.95 and a current ratio of 2.20. Starbucks Co. has a 1 year low of $47.37 and a 1 year high of $68.98. The stock has a market cap of $78.86 billion, a price-to-earnings ratio of 26.52, a price-to-earnings-growth ratio of 1.78 and a beta of 0.53.

Starbucks (NASDAQ:SBUX) last released its earnings results on Thursday, November 1st. The coffee company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. Starbucks had a net margin of 18.28% and a return on equity of 86.33%. The company had revenue of $6.30 billion for the quarter, compared to the consensus estimate of $6.28 billion. During the same period in the prior year, the company posted $0.55 EPS. The company’s revenue was up 10.6% compared to the same quarter last year. On average, analysts forecast that Starbucks Co. will post 2.64 earnings per share for the current year.

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Starbucks 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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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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