Fort Washington Investment Advisors Inc. OH Sells 45,143 Shares of Starbucks Co. (NASDAQ:SBUX)

Fort Washington Investment Advisors Inc. OH cut its position in Starbucks Co. (NASDAQ:SBUX - Free Report) by 4.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,094,976 shares of the coffee company's stock after selling 45,143 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned 0.10% of Starbucks worth $107,406,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new stake in Starbucks during the 4th quarter valued at approximately $1,244,812,000. Capital World Investors boosted its holdings in Starbucks by 20.1% in the fourth quarter. Capital World Investors now owns 54,924,230 shares of the coffee company's stock valued at $5,011,796,000 after acquiring an additional 9,174,682 shares during the last quarter. FMR LLC raised its position in Starbucks by 27.0% in the fourth quarter. FMR LLC now owns 25,128,649 shares of the coffee company's stock valued at $2,292,989,000 after purchasing an additional 5,348,790 shares during the period. Capital Research Global Investors increased its position in shares of Starbucks by 167.6% during the fourth quarter. Capital Research Global Investors now owns 5,690,198 shares of the coffee company's stock worth $519,230,000 after acquiring an additional 3,563,942 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Starbucks in the fourth quarter worth about $284,283,000. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Stifel Nicolaus dropped their target price on Starbucks from $103.00 to $92.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Barclays lowered their price target on shares of Starbucks from $106.00 to $98.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. TD Cowen reiterated a "hold" rating and issued a $90.00 price objective on shares of Starbucks in a report on Thursday, May 29th. Wells Fargo & Company cut their price objective on shares of Starbucks from $125.00 to $100.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Finally, The Goldman Sachs Group upped their target price on shares of Starbucks from $85.00 to $95.00 and gave the company a "neutral" rating in a research note on Thursday. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $98.96.

Starbucks Stock Down 1.1%

Shares of NASDAQ:SBUX traded down $1.07 during midday trading on Thursday, hitting $94.32. The stock had a trading volume of 7,179,038 shares, compared to its average volume of 11,062,770. The company's 50-day moving average price is $84.61 and its 200-day moving average price is $95.03. The company has a market capitalization of $107.19 billion, a P/E ratio of 30.43, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. Starbucks Co. 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 earnings results on Tuesday, April 29th. The coffee company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.10). The company had revenue of $8.76 billion for the quarter, compared to the consensus estimate of $8.90 billion. Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. The firm's revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.68 earnings per share. Research analysts expect that Starbucks Co. will post 2.99 EPS for the current fiscal year.

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.