China Universal Asset Management Co. Ltd. Raises Stock Position in Starbucks Corporation (NASDAQ:SBUX)

China Universal Asset Management Co. Ltd. boosted its position in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) by 51.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,152 shares of the coffee company's stock after buying an additional 9,604 shares during the quarter. China Universal Asset Management Co. Ltd.'s holdings in Starbucks were worth $2,761,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Starbucks by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 111,106,209 shares of the coffee company's stock worth $10,138,442,000 after buying an additional 784,432 shares during the period. Capital World Investors boosted its stake in shares of Starbucks by 20.1% during the fourth quarter. Capital World Investors now owns 54,924,230 shares of the coffee company's stock valued at $5,011,796,000 after purchasing an additional 9,174,682 shares during the period. FMR LLC boosted its stake in shares of Starbucks by 27.0% during the fourth quarter. FMR LLC now owns 25,128,649 shares of the coffee company's stock valued at $2,292,989,000 after purchasing an additional 5,348,790 shares during the period. Geode Capital Management LLC increased its stake in Starbucks by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 24,826,001 shares of the coffee company's stock worth $2,259,516,000 after buying an additional 548,245 shares during the period. Finally, Wellington Management Group LLP increased its stake in Starbucks by 4.7% in the 4th quarter. Wellington Management Group LLP now owns 15,868,817 shares of the coffee company's stock worth $1,448,030,000 after buying an additional 718,880 shares during the period. 72.29% of the stock is owned by hedge funds and other institutional investors.

Starbucks Stock Down 0.2%

Shares of NASDAQ:SBUX traded down $0.15 during trading on Thursday, hitting $95.10. 4,900,786 shares of the stock traded hands, compared to its average volume of 10,868,602. The company has a market cap of $108.07 billion, a price-to-earnings ratio of 34.46, a P/E/G ratio of 4.86 and a beta of 1.02. The company has a fifty day moving average price of $88.63 and a two-hundred day moving average price of $94.40. Starbucks Corporation has a 52-week low of $71.55 and a 52-week high of $117.46.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted its 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). The firm had revenue of $8.76 billion for the quarter, compared to analysts' expectations of $8.90 billion. Starbucks had a net margin of 8.61% and a negative return on equity of 42.14%. Starbucks's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period last year, the firm earned $0.68 earnings per share. On average, equities research analysts predict that Starbucks Corporation will post 2.99 EPS for the current fiscal year.

Analysts Set New Price Targets

SBUX has been the topic of several recent analyst reports. Baird R W downgraded shares of Starbucks from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 7th. Stifel Nicolaus reduced their price target on shares of Starbucks from $103.00 to $92.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. JPMorgan Chase & Co. reduced their price target on shares of Starbucks from $105.00 to $100.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. TD Cowen reissued a "hold" rating and set a $90.00 target price on shares of Starbucks in a research report on Thursday, May 29th. Finally, Cowen reissued a "hold" rating on shares of Starbucks in a research report on Tuesday, June 24th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $98.23.

Starbucks 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.