Poehling Capital Management INC. Decreases Stock Holdings in Starbucks Corporation (NASDAQ:SBUX)

Poehling Capital Management INC. lowered its stake in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) by 33.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,253 shares of the coffee company's stock after selling 14,384 shares during the period. Poehling Capital Management INC.'s holdings in Starbucks were worth $2,771,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in SBUX. Norges Bank purchased a new stake in shares of Starbucks in the fourth quarter valued at about $1,244,812,000. Capital World Investors lifted its holdings in shares of 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 purchasing an additional 9,174,682 shares in the last quarter. FMR LLC lifted 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 valued at $2,292,989,000 after purchasing an additional 5,348,790 shares in the last quarter. Capital Research Global Investors lifted its holdings in shares of Starbucks by 167.6% in 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, Massachusetts Financial Services Co. MA lifted its holdings in shares of Starbucks by 218.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,552,921 shares of the coffee company's stock valued at $446,596,000 after purchasing an additional 3,124,533 shares in the last quarter. Hedge funds and other institutional investors own 72.29% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SBUX. Stifel Nicolaus upped their price target on shares of Starbucks from $92.00 to $105.00 and gave the company a "buy" rating in a report on Friday. Argus raised shares of Starbucks from a "hold" rating to a "buy" rating and set a $115.00 price objective on the stock in a research note on Tuesday, March 18th. Wall Street Zen downgraded shares of Starbucks from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. BMO Capital Markets reduced their price objective on shares of Starbucks from $115.00 to $100.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Finally, Evercore ISI reissued an "outperform" rating and set a $105.00 price objective (up previously from $95.00) on shares of Starbucks in a research note on Tuesday, June 24th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, Starbucks currently has an average rating of "Hold" and a consensus price target of $98.92.

Starbucks Stock Performance

Starbucks stock opened at $93.42 on Tuesday. The company has a market cap of $106.16 billion, a P/E ratio of 33.85, a PEG ratio of 4.86 and a beta of 1.02. The firm's 50-day moving average is $89.34 and its 200-day moving average is $94.55. Starbucks Corporation has a 1 year low of $71.55 and a 1 year high of $117.46.

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). The firm had revenue of $8.76 billion during the quarter, compared to the consensus estimate of $8.90 billion. Starbucks had a net margin of 8.61% and a negative return on equity of 42.14%. The company's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.68 earnings per share. As a group, sell-side analysts predict that Starbucks Corporation will post 2.99 earnings per share for the current 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.

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