43,982 Shares in Starbucks Corporation (NASDAQ:SBUX) Bought by Graybill Wealth Management LTD.

Graybill Wealth Management LTD. purchased a new stake in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 43,982 shares of the coffee company's stock, valued at approximately $4,314,000.

A number of other hedge funds also recently made changes to their positions in SBUX. University of Texas Texas AM Investment Management Co. purchased a new position in Starbucks in the 4th quarter worth $25,000. Graney & King LLC acquired a new stake in Starbucks in the 4th quarter valued at about $26,000. Runnymede Capital Advisors Inc. purchased a new position in shares of Starbucks in the 4th quarter valued at about $27,000. Hughes Financial Services LLC acquired a new stake in Starbucks during the 1st quarter worth approximately $27,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in Starbucks during the 4th quarter worth approximately $32,000. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Starbucks Stock Down 0.2%

Shares of Starbucks stock opened at $94.94 on Monday. Starbucks Corporation has a twelve month low of $71.55 and a twelve month high of $117.46. The company has a market cap of $107.89 billion, a price-to-earnings ratio of 34.40, a price-to-earnings-growth ratio of 4.86 and a beta of 1.02. The company's 50 day moving average is $89.10 and its 200 day moving average is $94.54.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued its quarterly earnings results 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 42.14% and a net margin of 8.61%. The business had revenue of $8.76 billion during the quarter, compared to analysts' expectations of $8.90 billion. During the same quarter in the previous year, the company posted $0.68 earnings per share. The company's quarterly revenue was up 2.3% compared to the same quarter last year. Sell-side analysts expect that Starbucks Corporation will post 2.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on SBUX shares. UBS Group lowered their price objective on Starbucks from $105.00 to $90.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. TD Securities reissued a "hold" rating and issued a $90.00 price objective on shares of Starbucks in a report on Monday, June 23rd. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $95.00 target price (up from $85.00) on shares of Starbucks in a report on Thursday, June 12th. BMO Capital Markets cut their target price on Starbucks from $115.00 to $100.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Finally, Sanford C. Bernstein increased their target price on Starbucks from $90.00 to $100.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and fifteen have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $98.73.

About Starbucks

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.

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