Net Worth Advisory Group Invests $561,000 in Starbucks Co. (NASDAQ:SBUX)

Net Worth Advisory Group bought a new position in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 5,724 shares of the coffee company's stock, valued at approximately $561,000.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Starbucks by 0.7% during 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 acquiring an additional 784,432 shares during the last quarter. 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 worth $5,011,796,000 after purchasing an additional 9,174,682 shares during the last quarter. FMR LLC boosted its holdings in 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 purchasing an additional 5,348,790 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Starbucks by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 24,826,001 shares of the coffee company's stock worth $2,259,516,000 after acquiring an additional 548,245 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in shares of Starbucks by 4.7% during the 4th quarter. Wellington Management Group LLP now owns 15,868,817 shares of the coffee company's stock valued at $1,448,030,000 after purchasing an additional 718,880 shares during the period. Institutional investors own 72.29% of the company's stock.

Starbucks Stock Performance

NASDAQ SBUX traded down $1.06 on Friday, hitting $93.26. 7,115,975 shares of the stock were exchanged, compared to its average volume of 11,050,895. The firm has a market capitalization of $105.98 billion, a P/E ratio of 30.08, a P/E/G ratio of 3.59 and a beta of 1.00. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $117.46. The stock has a fifty day moving average price of $85.17 and a two-hundred day moving average price of $94.88.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted its quarterly earnings data 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). Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. The company had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.90 billion. During the same quarter last year, the company earned $0.68 EPS. The business's revenue was up 2.3% compared to the same quarter last year. Sell-side analysts expect that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on SBUX shares. Royal Bank of Canada lifted their price objective on shares of Starbucks from $95.00 to $100.00 and gave the stock an "outperform" rating in a research note on Wednesday. Barclays dropped their price objective 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. Citigroup increased their price objective on shares of Starbucks from $84.00 to $95.00 and gave the company a "neutral" rating in a report on Thursday. Guggenheim cut their price objective on shares of Starbucks from $95.00 to $83.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Finally, Robert W. Baird reiterated a "neutral" rating and set a $85.00 price target (down 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 issued a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat, Starbucks presently has an average rating of "Hold" and an average price target of $98.96.

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.