Arjuna Capital Has $2.44 Million Stock Position in Starbucks Corporation (NASDAQ:SBUX)

Arjuna Capital lifted its stake in Starbucks Corporation (NASDAQ:SBUX - Free Report) by 94.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,856 shares of the coffee company's stock after purchasing an additional 12,084 shares during the period. Arjuna Capital's holdings in Starbucks were worth $2,438,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Barn Wealth LLC acquired a new stake in shares of Starbucks during the first quarter worth $259,000. Chicago Partners Investment Group LLC grew its holdings in shares of Starbucks by 12.4% in the 1st quarter. Chicago Partners Investment Group LLC now owns 18,673 shares of the coffee company's stock valued at $1,832,000 after buying an additional 2,056 shares during the period. Evolution Wealth Advisors LLC grew its holdings in shares of Starbucks by 13.7% in the 1st quarter. Evolution Wealth Advisors LLC now owns 3,020 shares of the coffee company's stock valued at $296,000 after buying an additional 363 shares during the period. ASR Vermogensbeheer N.V. acquired a new position in shares of Starbucks in the 1st quarter valued at $8,599,000. Finally, Citizens Financial Group Inc. RI grew its holdings in shares of Starbucks by 6.7% in the 1st quarter. Citizens Financial Group Inc. RI now owns 31,447 shares of the coffee company's stock valued at $3,085,000 after buying an additional 1,972 shares during the period. 72.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SBUX has been the subject of several research analyst reports. Stifel Nicolaus boosted their price target on shares of Starbucks from $92.00 to $105.00 and gave the company a "buy" rating in a report on Friday. Cowen reissued a "hold" rating on shares of Starbucks in a report on Tuesday, June 24th. Argus raised shares of Starbucks from a "hold" rating to a "buy" rating and set a $115.00 price target for the company in a report on Tuesday, March 18th. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $95.00 price objective (up from $85.00) on shares of Starbucks in a research report on Thursday, June 12th. Finally, UBS Group cut their price objective on shares of Starbucks from $105.00 to $90.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Starbucks presently has a consensus rating of "Hold" and an average price target of $98.73.

Starbucks Price Performance

NASDAQ:SBUX traded down $0.21 on Friday, hitting $94.94. 6,339,055 shares of the company's stock were exchanged, compared to its average volume of 10,851,998. The firm has a 50-day moving average price of $89.10 and a 200-day moving average price of $94.52. Starbucks Corporation has a 52 week low of $71.55 and a 52 week high of $117.46. The company has a market cap of $107.89 billion, a P/E ratio of 34.40, a price-to-earnings-growth ratio of 4.86 and a beta of 1.02.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued its earnings results on Tuesday, April 29th. The coffee company reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.51 by ($0.10). The firm had revenue of $8.76 billion during the quarter, compared to the consensus estimate of $8.90 billion. Starbucks had a net margin of 8.61% and a negative return on equity of 42.14%. The firm's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.68 earnings per share. On average, research analysts expect that Starbucks Corporation 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.