Fullcircle Wealth LLC Has $1.51 Million Stake in Starbucks Corporation (NASDAQ:SBUX)

Fullcircle Wealth LLC increased its stake in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) by 27.0% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 15,424 shares of the coffee company's stock after acquiring an additional 3,278 shares during the period. Fullcircle Wealth LLC's holdings in Starbucks were worth $1,513,000 as of its most recent filing with the SEC.

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

Starbucks Price Performance

Shares of NASDAQ SBUX traded down $0.80 during midday trading on Monday, hitting $93.64. The stock had a trading volume of 5,310,198 shares, compared to its average volume of 10,913,205. The company's 50-day simple moving average is $87.93 and its 200 day simple moving average is $94.35. The firm has a market cap of $106.41 billion, a P/E ratio of 33.93, a price-to-earnings-growth ratio of 4.84 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 announced its quarterly earnings data on Tuesday, April 29th. The coffee company reported $0.41 EPS for the quarter, missing analysts' consensus estimates 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 analyst estimates of $8.90 billion. During the same period last year, the firm earned $0.68 earnings per share. The firm's revenue for the quarter was up 2.3% on a year-over-year basis. Equities analysts expect that Starbucks Corporation will post 2.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SBUX. Sanford C. Bernstein raised their price objective on Starbucks from $90.00 to $100.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Argus upgraded Starbucks from a "hold" rating to a "buy" rating and set a $115.00 target price for the company in a research report on Tuesday, March 18th. Stifel Nicolaus cut their target price on Starbucks from $103.00 to $92.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Wells Fargo & Company cut their target price on Starbucks from $125.00 to $100.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Finally, Robert W. Baird restated a "neutral" rating and set a $85.00 target price (down previously from $114.00) on shares of Starbucks in a research report on Monday, April 7th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $98.23.

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.