Crossmark Global Holdings Inc. Sells 3,337 Shares of Starbucks Corporation (NASDAQ:SBUX)

Crossmark Global Holdings Inc. lessened its stake in Starbucks Corporation (NASDAQ:SBUX - Free Report) by 1.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 176,061 shares of the coffee company's stock after selling 3,337 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Starbucks were worth $17,270,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Starbucks in the fourth quarter valued at approximately $25,000. Graney & King LLC acquired a new position in shares of Starbucks in the fourth quarter valued at approximately $26,000. Runnymede Capital Advisors Inc. acquired a new position in shares of Starbucks in the fourth quarter valued at approximately $27,000. Kapitalo Investimentos Ltda acquired a new position in shares of Starbucks in the fourth quarter valued at approximately $32,000. Finally, Ball & Co Wealth Management Inc. acquired a new position in shares of Starbucks in the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds own 72.29% of the company's stock.

Starbucks Trading Up 1.4%

NASDAQ SBUX traded up $1.30 during midday trading on Tuesday, hitting $94.94. The company had a trading volume of 6,982,904 shares, compared to its average volume of 10,905,676. The company has a market capitalization of $107.89 billion, a PE ratio of 34.40, a P/E/G ratio of 4.80 and a beta of 1.02. Starbucks Corporation has a twelve month low of $71.55 and a twelve month high of $117.46. The firm has a 50-day moving average price of $88.13 and a 200-day moving average price of $94.39.

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 analysts' consensus estimates of $0.51 by ($0.10). Starbucks had a negative return on equity of 42.14% and a net margin of 8.61%. The firm had revenue of $8.76 billion for the quarter, compared to the consensus estimate of $8.90 billion. During the same period last year, the company posted $0.68 EPS. The business's revenue was up 2.3% on a year-over-year basis. On average, equities analysts anticipate that Starbucks Corporation will post 2.99 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on SBUX shares. Stifel Nicolaus cut their price objective on shares of Starbucks from $103.00 to $92.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Argus upgraded Starbucks from a "hold" rating to a "buy" rating and set a $115.00 price objective on the stock in a research note on Tuesday, March 18th. Evercore ISI restated an "outperform" rating and set a $105.00 target price (up from $95.00) on shares of Starbucks in a report on Tuesday, June 24th. CICC Research started coverage on shares of Starbucks in a research note on Monday, June 30th. They issued an "outperform" rating and a $100.00 price target for the company. Finally, Wells Fargo & Company lowered their price objective on shares of Starbucks from $125.00 to $100.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $98.23.

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.