Starbucks Corporation (NASDAQ:SBUX) Holdings Raised by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale boosted its holdings in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) by 11.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 432,452 shares of the coffee company's stock after purchasing 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 SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of SBUX. University of Texas Texas AM Investment Management Co. acquired a new stake in Starbucks during the 4th quarter worth approximately $25,000. Graney & King LLC purchased a new position in Starbucks during the 4th quarter worth $26,000. Runnymede Capital Advisors Inc. purchased a new position in Starbucks during the 4th quarter worth $27,000. Kapitalo Investimentos Ltda acquired a new position in Starbucks during the 4th quarter worth approximately $32,000. Finally, Ball & Co Wealth Management Inc. acquired a new position in Starbucks during the 4th quarter worth approximately $41,000. 72.29% of the stock is owned by hedge funds and other institutional investors.

Starbucks Stock Down 0.2%

NASDAQ:SBUX traded down $0.21 during trading hours on Friday, reaching $94.94. 6,339,001 shares of the stock were exchanged, compared to its average volume of 10,856,662. Starbucks Corporation has a 52 week low of $71.55 and a 52 week high of $117.46. The stock has a market capitalization of $107.89 billion, a P/E ratio of 34.40, a P/E/G ratio of 4.88 and a beta of 1.02. The firm has a 50 day simple moving average of $88.90 and a 200-day simple moving average of $94.46.

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

Analysts Set New Price Targets

SBUX has been the topic of several recent analyst reports. Royal Bank Of Canada boosted their target price on Starbucks from $95.00 to $100.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 11th. Evercore ISI restated an "outperform" rating and set a $105.00 target price (up from $95.00) on shares of Starbucks in a research report on Tuesday, June 24th. Robert W. Baird reiterated a "neutral" rating and set a $85.00 price target (down from $114.00) on shares of Starbucks in a research report on Monday, April 7th. Cowen reiterated a "hold" rating on shares of Starbucks in a research report on Tuesday, June 24th. Finally, Argus upgraded shares of Starbucks from a "hold" rating to a "buy" rating and set a $115.00 price target for the company in a research report on Tuesday, March 18th. Three equities research 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, Starbucks has an average rating of "Hold" and an average target price of $98.73.

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.