New York State Teachers Retirement System Has $90.80 Million Holdings in Starbucks Corporation (NASDAQ:SBUX)

New York State Teachers Retirement System cut its position in Starbucks Corporation (NASDAQ:SBUX - Free Report) by 4.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 925,640 shares of the coffee company's stock after selling 43,134 shares during the quarter. New York State Teachers Retirement System owned approximately 0.08% of Starbucks worth $90,796,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. University of Texas Texas AM Investment Management Co. acquired a new position in Starbucks in the 4th quarter valued at $25,000. Graney & King LLC acquired a new position in Starbucks in the 4th quarter valued at $26,000. Runnymede Capital Advisors Inc. acquired a new position in Starbucks in the 4th quarter valued at $27,000. Noble Wealth Management PBC acquired a new position in Starbucks in the 4th quarter valued at $30,000. Finally, Kapitalo Investimentos Ltda acquired a new position in Starbucks in the 4th quarter valued at $32,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on SBUX shares. BMO Capital Markets decreased their price target on shares of Starbucks from $115.00 to $100.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Cowen restated a "hold" rating on shares of Starbucks in a research report on Tuesday, June 24th. Baird R W lowered shares of Starbucks from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th. Royal Bank Of Canada raised their price target on shares of Starbucks from $95.00 to $100.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 11th. Finally, The Goldman Sachs Group restated a "neutral" rating and issued a $95.00 price target (up from $85.00) on shares of Starbucks in a research report on Thursday, June 12th. Three 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. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $98.76.

Starbucks Stock Up 0.3%

Shares of SBUX stock opened at $92.11 on Monday. Starbucks Corporation has a 12-month low of $71.55 and a 12-month high of $117.46. The company has a market capitalization of $104.67 billion, a P/E ratio of 33.37, a P/E/G ratio of 4.73 and a beta of 1.00. The firm has a 50-day moving average price of $86.80 and a 200 day moving average price of $94.29.

Starbucks (NASDAQ:SBUX - Get Free Report) last announced its quarterly earnings results 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 8.61% and a negative return on equity of 42.14%. The firm had revenue of $8.76 billion for the quarter, compared to the consensus estimate of $8.90 billion. During the same period in the prior year, the business earned $0.68 earnings per share. The company's revenue for the quarter was up 2.3% on a year-over-year basis. As a group, research analysts expect 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.

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