Personal CFO Solutions LLC Buys 5,151 Shares of Starbucks Corporation (NASDAQ:SBUX)

Personal CFO Solutions LLC lifted its position in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) by 125.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,254 shares of the coffee company's stock after purchasing an additional 5,151 shares during the period. Personal CFO Solutions LLC's holdings in Starbucks were worth $908,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SBUX. Norges Bank bought a new position in shares of Starbucks in the 4th quarter worth approximately $1,244,812,000. Capital World Investors boosted its position in shares of Starbucks by 20.1% during 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 purchasing an additional 9,174,682 shares in the last quarter. FMR LLC boosted its position in shares of 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 purchasing an additional 5,348,790 shares in the last quarter. Capital Research Global Investors boosted 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 valued at $519,230,000 after purchasing an additional 3,563,942 shares in the last quarter. Finally, Toronto Dominion Bank boosted its position in shares of Starbucks by 629.5% during the fourth quarter. Toronto Dominion Bank now owns 3,190,114 shares of the coffee company's stock valued at $291,097,000 after purchasing an additional 2,752,809 shares in the last quarter. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Starbucks Trading Up 0.5%

Shares of SBUX traded up $0.48 during trading hours on Wednesday, reaching $95.42. 3,203,690 shares of the stock traded hands, compared to its average volume of 10,875,894. Starbucks Corporation has a 52-week low of $71.55 and a 52-week high of $117.46. The company's 50-day moving average price is $88.33 and its two-hundred day moving average price is $94.40. The company has a market cap of $108.44 billion, a P/E ratio of 34.49, a price-to-earnings-growth ratio of 4.80 and a beta of 1.02.

Starbucks (NASDAQ:SBUX - Get Free Report) last released its earnings results 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 firm had revenue of $8.76 billion for the quarter, compared to analysts' expectations of $8.90 billion. Starbucks had a net margin of 8.61% and a negative return on equity of 42.14%. The firm's quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.68 EPS. On average, research analysts forecast that Starbucks Corporation will post 2.99 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Robert W. Baird restated 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. Jefferies Financial Group raised shares of Starbucks from an "underperform" rating to a "hold" rating and set a $76.00 target price for the company in a research note on Wednesday, April 9th. JPMorgan Chase & Co. decreased their target price on shares of Starbucks from $105.00 to $100.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $95.00 target price (up previously from $85.00) on shares of Starbucks in a research note on Thursday, June 12th. Finally, Evercore ISI reaffirmed an "outperform" rating and set a $105.00 target price (up previously from $95.00) on shares of Starbucks in a research note on Tuesday, June 24th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, Starbucks presently 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.