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

DekaBank Deutsche Girozentrale raised its stake in Starbucks Corporation (NASDAQ:SBUX - Free Report) by 11.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 432,452 shares of the coffee company's stock after buying an additional 43,395 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in Starbucks were worth $42,049,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its stake in shares of Starbucks by 86.5% in the 4th quarter. Brighton Jones LLC now owns 176,722 shares of the coffee company's stock valued at $16,126,000 after purchasing an additional 81,952 shares during the last quarter. Proficio Capital Partners LLC lifted its stake in shares of Starbucks by 10.3% in the 4th quarter. Proficio Capital Partners LLC now owns 7,647 shares of the coffee company's stock valued at $698,000 after purchasing an additional 714 shares during the last quarter. Simplicity Wealth LLC lifted its stake in shares of Starbucks by 6.3% in the 4th quarter. Simplicity Wealth LLC now owns 2,375 shares of the coffee company's stock valued at $217,000 after purchasing an additional 141 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Starbucks by 5.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 527,121 shares of the coffee company's stock worth $48,100,000 after acquiring an additional 28,227 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in Starbucks by 4.5% during the 4th quarter. Daiwa Securities Group Inc. now owns 235,919 shares of the coffee company's stock worth $21,528,000 after acquiring an additional 10,229 shares in the last quarter. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Starbucks Stock Performance

Shares of Starbucks stock traded down $0.41 on Thursday, reaching $94.84. 2,648,751 shares of the company were exchanged, compared to its average volume of 10,859,308. The company's 50-day moving average is $88.63 and its two-hundred day moving average is $94.40. The firm has a market cap of $107.78 billion, a price-to-earnings ratio of 34.33, a P/E/G ratio of 4.86 and a beta of 1.02. Starbucks Corporation has a 1-year low of $71.55 and a 1-year high of $117.46.

Starbucks (NASDAQ:SBUX - Get Free Report) last announced 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 company had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.90 billion. During the same quarter in the previous year, the company posted $0.68 earnings per share. The firm's revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Starbucks Corporation will post 2.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Guggenheim reduced their price target on Starbucks from $95.00 to $83.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. UBS Group dropped their price objective on Starbucks from $105.00 to $90.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Cowen reiterated a "hold" rating on shares of Starbucks in a report on Tuesday, June 24th. Sanford C. Bernstein raised their price target on Starbucks from $90.00 to $100.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Finally, TD Securities restated a "hold" rating and set a $90.00 price target on shares of Starbucks in a research note on Monday, June 23rd. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, Starbucks presently has an average rating of "Hold" and a consensus target price 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.