OneDigital Investment Advisors LLC Decreases Stock Holdings in Starbucks Corporation (NASDAQ:SBUX)

OneDigital Investment Advisors LLC cut its holdings in Starbucks Corporation (NASDAQ:SBUX - Free Report) by 7.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,162 shares of the coffee company's stock after selling 3,061 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Starbucks were worth $3,939,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Starbucks during the fourth quarter valued at approximately $1,244,812,000. Capital World Investors increased its position in 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 buying an additional 9,174,682 shares in the last quarter. FMR LLC raised its stake in Starbucks by 27.0% during the fourth quarter. FMR LLC now owns 25,128,649 shares of the coffee company's stock valued at $2,292,989,000 after buying an additional 5,348,790 shares during the last quarter. Capital Research Global Investors boosted its holdings in Starbucks by 167.6% in the fourth quarter. Capital Research Global Investors now owns 5,690,198 shares of the coffee company's stock worth $519,230,000 after acquiring an additional 3,563,942 shares in the last quarter. Finally, Toronto Dominion Bank grew its stake in shares of Starbucks by 629.5% in the fourth quarter. Toronto Dominion Bank now owns 3,190,114 shares of the coffee company's stock worth $291,097,000 after acquiring an additional 2,752,809 shares during the last quarter. 72.29% of the stock is currently owned by institutional investors.

Starbucks Trading Down 0.8%

Starbucks stock traded down $0.80 during mid-day trading on Monday, hitting $93.64. The stock had a trading volume of 5,310,198 shares, compared to its average volume of 10,913,208. Starbucks Corporation has a one year low of $71.55 and a one year high of $117.46. The firm has a market capitalization of $106.41 billion, a P/E ratio of 33.93, a P/E/G ratio of 4.84 and a beta of 1.02. The firm's 50 day moving average is $87.93 and its 200 day moving average is $94.35.

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

Wall Street Analyst Weigh In

SBUX has been the topic of a number of analyst reports. Citigroup upped their price target 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. JPMorgan Chase & Co. lowered their price objective on Starbucks from $105.00 to $100.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Wells Fargo & Company reduced their target price on Starbucks from $125.00 to $100.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Guggenheim lowered their price target on Starbucks from $95.00 to $83.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Finally, Cowen reiterated a "hold" rating on shares of Starbucks in a report on Tuesday, June 24th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target 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.