Brown Advisory Inc. lessened its stake in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) by 2.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 406,177 shares of the coffee company's stock after selling 11,752 shares during the quarter. Brown Advisory Inc.'s holdings in Starbucks were worth $39,842,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the stock. TrinityPoint Wealth LLC raised its position in Starbucks by 2.7% in the fourth quarter. TrinityPoint Wealth LLC now owns 3,421 shares of the coffee company's stock valued at $312,000 after purchasing an additional 89 shares during the period. Pioneer Trust Bank N A OR grew its stake in shares of Starbucks by 0.8% in the fourth quarter. Pioneer Trust Bank N A OR now owns 11,312 shares of the coffee company's stock valued at $1,032,000 after buying an additional 92 shares in the last quarter. Wintrust Investments LLC raised its holdings in shares of Starbucks by 7.1% in the 4th quarter. Wintrust Investments LLC now owns 1,411 shares of the coffee company's stock valued at $128,000 after buying an additional 94 shares during the period. Foster Dykema Cabot & Partners LLC lifted its stake in Starbucks by 10.6% during the 4th quarter. Foster Dykema Cabot & Partners LLC now owns 1,014 shares of the coffee company's stock worth $93,000 after acquiring an additional 97 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its holdings in Starbucks by 3.5% during the 4th quarter. Gamco Investors INC. ET AL now owns 2,860 shares of the coffee company's stock valued at $261,000 after acquiring an additional 97 shares during the period. 72.29% of the stock is currently owned by institutional investors and hedge funds.
Starbucks Trading Up 0.3%
Shares of Starbucks stock traded up $0.31 on Wednesday, hitting $95.25. The stock had a trading volume of 8,310,629 shares, compared to its average volume of 10,895,355. The stock has a market cap of $108.24 billion, a price-to-earnings ratio of 34.51, a P/E/G ratio of 4.80 and a beta of 1.02. Starbucks Corporation has a 52-week low of $71.55 and a 52-week high of $117.46. The company's 50 day moving average price is $88.33 and its 200 day moving average price is $94.40.
Starbucks (NASDAQ:SBUX - Get Free Report) 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). The firm had revenue of $8.76 billion during the quarter, compared to analyst estimates of $8.90 billion. Starbucks had a net margin of 8.61% and a negative return on equity of 42.14%. Starbucks's revenue 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. Analysts predict that Starbucks Corporation will post 2.99 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on the stock. Guggenheim cut their price target on shares of Starbucks from $95.00 to $83.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. TD Cowen reaffirmed a "hold" rating and set a $90.00 target price on shares of Starbucks in a research note on Thursday, May 29th. Stifel Nicolaus decreased their price target on shares of Starbucks from $103.00 to $92.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Barclays reaffirmed an "overweight" rating and set a $108.00 price objective (up previously from $98.00) on shares of Starbucks in a research report on Thursday, June 26th. Finally, Argus upgraded Starbucks from a "hold" rating to a "buy" rating and set a $115.00 target price for the company in a report on Tuesday, March 18th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $98.23.
Read Our Latest Report on SBUX
Starbucks Profile
(
Free Report)
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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