LaFleur & Godfrey LLC Acquires Shares of 14,403 Starbucks Corporation (NASDAQ:SBUX)

LaFleur & Godfrey LLC bought a new stake in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 14,403 shares of the coffee company's stock, valued at approximately $1,413,000.

Other large investors also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of Starbucks in the 4th quarter valued at $1,244,812,000. Capital World Investors grew its stake 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 period. FMR LLC increased its holdings in shares of Starbucks by 27.0% in the fourth quarter. FMR LLC now owns 25,128,649 shares of the coffee company's stock worth $2,292,989,000 after acquiring an additional 5,348,790 shares in the last quarter. Capital Research Global Investors raised 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 purchasing an additional 3,563,942 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Starbucks during the 4th quarter valued at about $284,283,000. Institutional investors and hedge funds own 72.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on SBUX shares. Stifel Nicolaus lowered their target price on Starbucks from $103.00 to $92.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Royal Bank Of Canada raised their price objective on shares of Starbucks from $95.00 to $100.00 and gave the stock an "outperform" rating in a report on Wednesday, June 11th. Citigroup upped their target price on shares of Starbucks from $84.00 to $95.00 and gave the stock a "neutral" rating in a research note on Thursday, June 12th. TD Cowen restated a "hold" rating and issued a $90.00 price target on shares of Starbucks in a report on Thursday, May 29th. Finally, UBS Group decreased their price objective on Starbucks from $105.00 to $90.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $98.36.

Starbucks Stock Down 0.9%

Shares of SBUX stock traded down $0.84 during trading on Tuesday, reaching $91.50. 9,501,623 shares of the company's stock were exchanged, compared to its average volume of 10,934,241. Starbucks Corporation has a twelve month low of $71.55 and a twelve month high of $117.46. The firm's fifty day moving average price is $86.02 and its 200-day moving average price is $94.48. The stock has a market capitalization of $103.98 billion, a PE ratio of 33.15, a PEG ratio of 4.74 and a beta of 1.00.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $8.76 billion during the quarter, compared to the consensus estimate of $8.90 billion. During the same period in the previous year, the company earned $0.68 earnings per share. Starbucks's revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, analysts anticipate that Starbucks Corporation 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.