DekaBank Deutsche Girozentrale Has $42.05 Million Position in Starbucks Corporation (NASDAQ:SBUX)

DekaBank Deutsche Girozentrale increased its position in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) by 11.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 432,452 shares of the coffee company's stock after acquiring an additional 43,395 shares during the period. DekaBank Deutsche Girozentrale's holdings in Starbucks were worth $42,049,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Capital Wealth Advisors acquired a new position in Starbucks during the fourth quarter worth $285,000. Czech National Bank grew its position in shares of Starbucks by 6.2% in the first quarter. Czech National Bank now owns 260,898 shares of the coffee company's stock valued at $25,591,000 after purchasing an additional 15,132 shares during the last quarter. Treasurer of the State of North Carolina grew its position in shares of Starbucks by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 498,511 shares of the coffee company's stock valued at $45,489,000 after purchasing an additional 3,130 shares during the last quarter. Markel Group Inc. grew its position in shares of Starbucks by 2.8% in the fourth quarter. Markel Group Inc. now owns 617,318 shares of the coffee company's stock valued at $56,330,000 after purchasing an additional 17,000 shares during the last quarter. Finally, Natural Investments LLC acquired a new stake in shares of Starbucks in the fourth quarter valued at about $1,295,000. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Starbucks Price Performance

Shares of NASDAQ:SBUX traded down $0.10 during trading on Thursday, reaching $95.15. The stock had a trading volume of 6,909,299 shares, compared to its average volume of 10,874,732. Starbucks Corporation has a 52 week low of $71.55 and a 52 week high of $117.46. The business's 50-day moving average price is $88.63 and its 200 day moving average price is $94.40. The stock has a market capitalization of $108.13 billion, a PE ratio of 34.47, a P/E/G ratio of 4.88 and a beta of 1.02.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted 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). Starbucks had a net margin of 8.61% and a negative return on equity of 42.14%. The firm had revenue of $8.76 billion during the quarter, compared to the consensus estimate of $8.90 billion. During the same quarter last year, the firm posted $0.68 EPS. The business's revenue was up 2.3% on a year-over-year basis. Analysts forecast that Starbucks Corporation will post 2.99 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on SBUX shares. Citigroup raised their price target on Starbucks from $84.00 to $95.00 and gave the company a "neutral" rating in a research report on Thursday, June 12th. Wells Fargo & Company lowered their price target on Starbucks from $125.00 to $100.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Barclays reaffirmed an "overweight" rating and issued a $108.00 price target (up from $98.00) on shares of Starbucks in a research report on Thursday, June 26th. JPMorgan Chase & Co. lowered their price target on Starbucks from $105.00 to $100.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $95.00 price target (up from $85.00) on shares of Starbucks in a research report on Thursday, June 12th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $98.23.

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.