Starbucks Corporation (NASDAQ:SBUX) Shares Purchased by GF Fund Management CO. LTD.

GF Fund Management CO. LTD. grew its position in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) by 1.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 218,795 shares of the coffee company's stock after purchasing an additional 3,915 shares during the quarter. GF Fund Management CO. LTD.'s holdings in Starbucks were worth $21,462,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in SBUX. Vanguard Group Inc. increased its holdings in Starbucks by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 111,106,209 shares of the coffee company's stock valued at $10,138,442,000 after buying an additional 784,432 shares in the last quarter. Capital World Investors grew its position in shares of Starbucks by 20.1% during the 4th 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 period. FMR LLC grew its position in shares of Starbucks by 27.0% during the 4th quarter. FMR LLC now owns 25,128,649 shares of the coffee company's stock valued at $2,292,989,000 after acquiring an additional 5,348,790 shares during the period. Geode Capital Management LLC increased its stake in shares of Starbucks by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 24,826,001 shares of the coffee company's stock valued at $2,259,516,000 after purchasing an additional 548,245 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in Starbucks by 4.7% in the 4th quarter. Wellington Management Group LLP now owns 15,868,817 shares of the coffee company's stock worth $1,448,030,000 after purchasing an additional 718,880 shares during the period. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Jefferies Financial Group upgraded Starbucks from an "underperform" rating to a "hold" rating and set a $76.00 price objective for the company in a research report on Wednesday, April 9th. JPMorgan Chase & Co. dropped their price target on shares of Starbucks from $105.00 to $100.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. Stifel Nicolaus cut their price target on shares of Starbucks from $103.00 to $92.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $95.00 price objective (up from $85.00) on shares of Starbucks in a report on Thursday, June 12th. Finally, Argus upgraded shares of Starbucks from a "hold" rating to a "buy" rating and set a $115.00 target price on the stock in a research report on Tuesday, March 18th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, Starbucks has a consensus rating of "Hold" and an average price target of $98.23.

Starbucks Trading Up 0.3%

NASDAQ:SBUX traded up $0.26 during trading hours on Friday, hitting $94.44. The company had a trading volume of 3,557,273 shares, compared to its average volume of 10,930,626. The company has a 50-day moving average of $87.72 and a 200 day moving average of $94.27. The company has a market cap of $107.32 billion, a P/E ratio of 34.22, a P/E/G ratio of 4.84 and a beta of 1.02. Starbucks Corporation has a 1 year low of $71.55 and a 1 year high of $117.46.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The coffee company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.10). Starbucks had a net margin of 8.61% and a negative return on equity of 42.14%. The firm had revenue of $8.76 billion during the quarter, compared to analysts' expectations of $8.90 billion. During the same period last year, the company earned $0.68 EPS. The business's quarterly revenue was up 2.3% on a year-over-year basis. On average, analysts forecast that Starbucks Corporation will post 2.99 earnings per share for the current 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.