Financiere des Professionnels Fonds d investissement inc. Sells 10,358 Shares of Starbucks Corporation (NASDAQ:SBUX)

Financiere des Professionnels Fonds d investissement inc. decreased its position in Starbucks Corporation (NASDAQ:SBUX - Free Report) by 33.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,046 shares of the coffee company's stock after selling 10,358 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.'s holdings in Starbucks were worth $2,064,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Starbucks during the 4th quarter worth about $25,000. Graney & King LLC bought a new stake in Starbucks during the fourth quarter worth approximately $26,000. Runnymede Capital Advisors Inc. bought a new stake in Starbucks during the fourth quarter worth approximately $27,000. Kapitalo Investimentos Ltda bought a new stake in Starbucks during the fourth quarter worth approximately $32,000. Finally, Ball & Co Wealth Management Inc. bought a new stake in shares of Starbucks during the 4th quarter worth $41,000. Institutional investors own 72.29% of the company's stock.

Starbucks Stock Performance

Shares of NASDAQ SBUX traded up $0.26 during midday trading on Friday, reaching $94.44. 3,557,273 shares of the company traded hands, compared to its average volume of 10,935,717. Starbucks Corporation has a 12 month low of $71.55 and a 12 month high of $117.46. The firm has a market cap of $107.32 billion, a PE ratio of 34.22, a PEG ratio of 4.84 and a beta of 1.02. The stock's 50-day simple moving average is $87.93 and its 200-day simple moving average is $94.31.

Starbucks (NASDAQ:SBUX - Get Free Report) last released its quarterly 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 business had revenue of $8.76 billion during the quarter, compared to the consensus estimate of $8.90 billion. During the same period in the prior year, the firm earned $0.68 earnings per share. The business's quarterly revenue was up 2.3% compared to the same quarter last year. On average, equities research analysts expect that Starbucks Corporation will post 2.99 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently issued reports on SBUX. Evercore ISI reaffirmed an "outperform" rating and set a $105.00 price objective (up from $95.00) on shares of Starbucks in a report on Tuesday, June 24th. CICC Research initiated coverage on shares of Starbucks in a report on Monday, June 30th. They set an "outperform" rating and a $100.00 price target for the company. BMO Capital Markets decreased their price target on shares of Starbucks from $115.00 to $100.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. JPMorgan Chase & Co. decreased their target price on Starbucks from $105.00 to $100.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. Finally, The Goldman Sachs Group restated a "neutral" rating and set a $95.00 target price (up previously from $85.00) on shares of Starbucks in a research note 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 given a buy rating to the stock. According to data from MarketBeat, the company has a consensus 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.