Financial Counselors Inc. Has $18.49 Million Position in Starbucks Corporation (NASDAQ:SBUX)

Financial Counselors Inc. lessened its position in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) by 2.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 188,538 shares of the coffee company's stock after selling 4,071 shares during the quarter. Financial Counselors Inc.'s holdings in Starbucks were worth $18,494,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. University of Texas Texas AM Investment Management Co. acquired a new position in Starbucks in the fourth quarter valued at about $25,000. Graney & King LLC acquired a new position in shares of Starbucks in the 4th 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 stake in shares of Starbucks during the fourth quarter worth $32,000. Finally, Ball & Co Wealth Management Inc. bought a new position in shares of Starbucks during the fourth quarter worth about $41,000. Institutional investors and hedge funds own 72.29% of the company's stock.

Starbucks Stock Up 1.4%

Shares of SBUX traded up $1.30 during trading hours on Tuesday, hitting $94.94. 6,982,904 shares of the company were exchanged, compared to its average volume of 10,905,676. The company has a market cap of $107.89 billion, a price-to-earnings ratio of 34.40, a P/E/G ratio of 4.80 and a beta of 1.02. The firm's fifty day moving average is $88.13 and its 200 day moving average is $94.39. Starbucks Corporation has a fifty-two week low of $71.55 and a fifty-two week high of $117.46.

Starbucks (NASDAQ:SBUX - Get Free Report) last announced its quarterly earnings data 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 period last year, the business earned $0.68 earnings per share. The business's revenue was up 2.3% compared to the same quarter last year. Analysts anticipate that Starbucks Corporation will post 2.99 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on SBUX shares. UBS Group decreased their price target on Starbucks from $105.00 to $90.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Guggenheim cut their price target on shares of Starbucks from $95.00 to $83.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Royal Bank Of Canada boosted their price objective on shares of Starbucks from $95.00 to $100.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 11th. Barclays reiterated an "overweight" rating and issued a $108.00 target price (up from $98.00) on shares of Starbucks in a research note on Thursday, June 26th. Finally, The Goldman Sachs Group reiterated a "neutral" rating and issued a $95.00 target price (up from $85.00) on shares of Starbucks in a research note on Thursday, June 12th. 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 company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $98.23.

Starbucks 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.