Kintegral Advisory LLC Lowers Stock Position in Starbucks Corporation (NASDAQ:SBUX)

Kintegral Advisory LLC trimmed its holdings in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) by 32.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,053 shares of the coffee company's stock after selling 8,365 shares during the quarter. Kintegral Advisory LLC's holdings in Starbucks were worth $1,673,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Brighton Jones LLC grew its holdings in shares of Starbucks by 86.5% during the fourth quarter. Brighton Jones LLC now owns 176,722 shares of the coffee company's stock valued at $16,126,000 after buying an additional 81,952 shares during the last quarter. Souders Financial Advisors raised its stake in shares of Starbucks by 18.0% in the fourth quarter. Souders Financial Advisors now owns 2,955 shares of the coffee company's stock worth $270,000 after purchasing an additional 450 shares during the last quarter. J.Safra Asset Management Corp lifted its holdings in shares of Starbucks by 70.6% in the fourth quarter. J.Safra Asset Management Corp now owns 1,397 shares of the coffee company's stock valued at $127,000 after purchasing an additional 578 shares in the last quarter. Assetmark Inc. boosted its stake in shares of Starbucks by 407.7% in the 4th quarter. Assetmark Inc. now owns 179,472 shares of the coffee company's stock worth $16,377,000 after buying an additional 144,125 shares during the last quarter. Finally, Proficio Capital Partners LLC lifted its position in Starbucks by 10.3% during the fourth quarter. Proficio Capital Partners LLC now owns 7,647 shares of the coffee company's stock valued at $698,000 after purchasing an additional 714 shares during the last quarter. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Starbucks Trading Up 0.3%

Starbucks stock traded up $0.26 during mid-day trading on Friday, hitting $94.44. The company's stock had a trading volume of 3,557,273 shares, compared to its average volume of 10,930,626. The firm has a market capitalization of $107.32 billion, a PE ratio of 34.22, a price-to-earnings-growth ratio of 4.84 and a beta of 1.02. The stock's fifty day moving average is $87.72 and its two-hundred day moving average is $94.27. 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 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 business had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.90 billion. Starbucks had a negative return on equity of 42.14% and a net margin of 8.61%. Starbucks's quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.68 earnings per share. On average, equities analysts expect that Starbucks Corporation will post 2.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SBUX. TD Securities reaffirmed a "hold" rating and issued a $90.00 price target on shares of Starbucks in a research note on Monday, June 23rd. UBS Group lowered their price target on Starbucks from $105.00 to $90.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Evercore ISI reiterated an "outperform" rating and set a $105.00 target price (up from $95.00) on shares of Starbucks in a research note on Tuesday, June 24th. The Goldman Sachs Group reissued a "neutral" rating and issued a $95.00 target price (up from $85.00) on shares of Starbucks in a report on Thursday, June 12th. Finally, Barclays reissued an "overweight" rating and set a $108.00 price target (up from $98.00) on shares of Starbucks in a research note on Thursday, June 26th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, Starbucks has an average rating of "Hold" and an average 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.