Cohen Investment Advisors LLC Increases Stock Holdings in Starbucks Corporation (NASDAQ:SBUX)

Cohen Investment Advisors LLC lifted its holdings in Starbucks Corporation (NASDAQ:SBUX - Free Report) by 17.1% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 27,259 shares of the coffee company's stock after purchasing an additional 3,975 shares during the period. Cohen Investment Advisors LLC's holdings in Starbucks were worth $2,674,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. TrinityPoint Wealth LLC grew its holdings in shares of Starbucks by 2.7% during the fourth quarter. TrinityPoint Wealth LLC now owns 3,421 shares of the coffee company's stock worth $312,000 after buying an additional 89 shares in the last quarter. Pioneer Trust Bank N A OR grew its holdings in shares of Starbucks by 0.8% during the fourth quarter. Pioneer Trust Bank N A OR now owns 11,312 shares of the coffee company's stock worth $1,032,000 after buying an additional 92 shares in the last quarter. Wintrust Investments LLC grew its holdings in shares of Starbucks by 7.1% during the fourth quarter. Wintrust Investments LLC now owns 1,411 shares of the coffee company's stock worth $128,000 after buying an additional 94 shares in the last quarter. Gamco Investors INC. ET AL grew its holdings in shares of Starbucks by 3.5% during the fourth quarter. Gamco Investors INC. ET AL now owns 2,860 shares of the coffee company's stock worth $261,000 after buying an additional 97 shares in the last quarter. Finally, Foster Dykema Cabot & Partners LLC grew its holdings in shares of Starbucks by 10.6% during the fourth quarter. Foster Dykema Cabot & Partners LLC now owns 1,014 shares of the coffee company's stock worth $93,000 after buying an additional 97 shares in the last quarter. Institutional investors own 72.29% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. BMO Capital Markets dropped their price objective on shares of Starbucks from $115.00 to $100.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Baird R W lowered shares of Starbucks from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th. TD Cowen reissued a "hold" rating and issued a $90.00 price objective on shares of Starbucks in a report on Thursday, May 29th. Guggenheim dropped their price objective on shares of Starbucks from $95.00 to $83.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Starbucks from $105.00 to $100.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, Starbucks presently has a consensus rating of "Hold" and an average target price of $98.23.

Starbucks Trading Down 0.2%

NASDAQ:SBUX traded down $0.16 during mid-day trading on Monday, hitting $94.28. The stock had a trading volume of 692,307 shares, compared to its average volume of 10,538,985. The stock has a 50-day simple moving average of $87.93 and a two-hundred day simple moving average of $94.35. The company has a market capitalization of $107.14 billion, a PE ratio of 34.19, a PEG ratio of 4.84 and a beta of 1.02. Starbucks Corporation has a twelve month low of $71.55 and a twelve month high of $117.46.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued 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 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%. The firm's revenue was up 2.3% compared to the same quarter last year. During the same period last year, the business earned $0.68 EPS. Sell-side analysts predict that Starbucks Corporation will post 2.99 EPS for the current fiscal year.

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.