Flossbach Von Storch SE Has $31.97 Million Stock Holdings in Starbucks Corporation (NASDAQ:SBUX)

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

Several other hedge funds also recently modified their holdings of the business. Trek Financial LLC acquired a new stake in shares of Starbucks in the first quarter worth about $1,499,000. DekaBank Deutsche Girozentrale grew its holdings in Starbucks by 11.2% during the first quarter. DekaBank Deutsche Girozentrale now owns 432,452 shares of the coffee company's stock valued at $42,049,000 after purchasing an additional 43,395 shares during the last quarter. Personal CFO Solutions LLC grew its holdings in Starbucks by 125.5% during the first quarter. Personal CFO Solutions LLC now owns 9,254 shares of the coffee company's stock valued at $908,000 after purchasing an additional 5,151 shares during the last quarter. Valeo Financial Advisors LLC grew its holdings in Starbucks by 1.4% during the first quarter. Valeo Financial Advisors LLC now owns 62,125 shares of the coffee company's stock valued at $6,094,000 after purchasing an additional 887 shares during the last quarter. Finally, SilverOak Wealth Management LLC acquired a new position in Starbucks during the first quarter valued at approximately $398,000. Institutional investors and hedge funds own 72.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Wall Street Zen lowered shares of Starbucks from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Royal Bank Of Canada raised their target price on Starbucks from $95.00 to $100.00 and gave the company an "outperform" rating in a report on Wednesday, June 11th. TD Cowen reaffirmed a "hold" rating and issued a $90.00 target price on shares of Starbucks in a report on Thursday, May 29th. Guggenheim cut their target price 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. Finally, Citigroup upped their target price on shares of Starbucks from $84.00 to $95.00 and gave the company a "neutral" rating in a research note on Thursday, June 12th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat, Starbucks has a consensus rating of "Hold" and an average target price of $98.23.

Starbucks Trading Down 0.4%

Shares of Starbucks stock traded down $0.34 during trading on Thursday, reaching $94.91. The stock had a trading volume of 2,648,751 shares, compared to its average volume of 10,859,308. Starbucks Corporation has a 52 week low of $71.55 and a 52 week high of $117.46. The stock has a fifty day moving average price of $88.63 and a two-hundred day moving average price of $94.40. The company has a market capitalization of $107.85 billion, a price-to-earnings ratio of 34.33, a P/E/G ratio of 4.86 and a beta of 1.02.

Starbucks (NASDAQ:SBUX - Get Free Report) last released its 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). The company had revenue of $8.76 billion during the quarter, compared to analyst estimates of $8.90 billion. Starbucks had a net margin of 8.61% and a negative return on equity of 42.14%. Starbucks's revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.68 EPS. On average, equities analysts forecast that Starbucks Corporation will post 2.99 EPS for the current fiscal year.

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.