Starbucks Corporation (NASDAQ:SBUX) Holdings Cut by Flossbach Von Storch SE

Flossbach Von Storch SE trimmed its position in Starbucks Corporation (NASDAQ:SBUX - Free Report) by 93.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 325,949 shares of the coffee company's stock after selling 4,310,250 shares during the period. Flossbach Von Storch SE's holdings in Starbucks were worth $31,972,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Capital Wealth Advisors purchased a new position in Starbucks in the fourth quarter worth about $285,000. Czech National Bank raised its stake 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 worth $25,591,000 after buying an additional 15,132 shares during the period. Treasurer of the State of North Carolina raised its stake 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 worth $45,489,000 after buying an additional 3,130 shares during the period. Markel Group Inc. raised its stake 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 worth $56,330,000 after buying an additional 17,000 shares during the period. Finally, Natural Investments LLC bought a new position in shares of Starbucks in the fourth quarter worth about $1,295,000. 72.29% of the stock is owned by hedge funds and other institutional investors.

Starbucks Price Performance

NASDAQ SBUX traded down $0.21 during trading hours on Friday, hitting $94.94. The company had a trading volume of 6,339,055 shares, compared to its average volume of 10,856,662. The firm's 50 day moving average is $88.90 and its 200 day moving average is $94.46. The company has a market capitalization of $107.89 billion, a price-to-earnings ratio of 34.40, a P/E/G ratio of 4.88 and a beta of 1.02. 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 issued its quarterly earnings results on Tuesday, April 29th. The coffee company reported $0.41 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $8.90 billion. During the same period in the previous year, the business posted $0.68 EPS. The business's revenue for the quarter was up 2.3% on a year-over-year basis. On average, equities analysts anticipate that Starbucks Corporation will post 2.99 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Guggenheim decreased their target price on Starbucks from $95.00 to $83.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. Barclays reissued an "overweight" rating and set a $108.00 target price (up previously from $98.00) on shares of Starbucks in a research note on Thursday, June 26th. BMO Capital Markets decreased their target price on Starbucks from $115.00 to $100.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Stifel Nicolaus lifted their target price on Starbucks from $92.00 to $105.00 and gave the company a "buy" rating in a research note on Friday. Finally, Baird R W downgraded Starbucks from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 7th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target 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.