Starbucks Corporation (NASDAQ:SBUX) Shares Sold by Ramsay Stattman Vela & Price Inc.

Ramsay Stattman Vela & Price Inc. lowered its holdings in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) by 6.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 67,241 shares of the coffee company's stock after selling 4,551 shares during the period. Starbucks comprises 1.3% of Ramsay Stattman Vela & Price Inc.'s holdings, making the stock its 28th largest holding. Ramsay Stattman Vela & Price Inc.'s holdings in Starbucks were worth $6,596,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. TrinityPoint Wealth LLC lifted its holdings in shares of Starbucks by 2.7% during the fourth quarter. TrinityPoint Wealth LLC now owns 3,421 shares of the coffee company's stock worth $312,000 after purchasing an additional 89 shares during the period. Pioneer Trust Bank N A OR increased its stake in shares of Starbucks by 0.8% during the fourth quarter. Pioneer Trust Bank N A OR now owns 11,312 shares of the coffee company's stock worth $1,032,000 after acquiring an additional 92 shares during the period. Wintrust Investments LLC increased its stake in shares of Starbucks by 7.1% during the fourth quarter. Wintrust Investments LLC now owns 1,411 shares of the coffee company's stock worth $128,000 after acquiring an additional 94 shares during the period. Gamco Investors INC. ET AL increased its stake in shares of Starbucks by 3.5% during the fourth quarter. Gamco Investors INC. ET AL now owns 2,860 shares of the coffee company's stock worth $261,000 after acquiring an additional 97 shares during the period. Finally, Foster Dykema Cabot & Partners LLC lifted its holdings in shares of Starbucks by 10.6% in the 4th quarter. Foster Dykema Cabot & Partners LLC now owns 1,014 shares of the coffee company's stock valued at $93,000 after buying an additional 97 shares during the period. Institutional investors own 72.29% of the company's stock.

Starbucks Stock Down 0.2%

Shares of SBUX traded down $0.21 during mid-day trading on Friday, hitting $94.94. The company had a trading volume of 6,339,055 shares, compared to its average volume of 10,850,827. The stock has a market cap of $107.89 billion, a PE ratio of 34.40, a P/E/G ratio of 4.87 and a beta of 1.02. The business's 50-day simple moving average is $88.90 and its 200-day simple moving average is $94.46. 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 released 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 analyst estimates of $8.90 billion. Starbucks had a net margin of 8.61% and a negative return on equity of 42.14%. The business's revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.68 earnings per share. On average, sell-side analysts expect that Starbucks Corporation will post 2.99 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on SBUX shares. UBS Group reduced their price target on Starbucks from $105.00 to $90.00 and set a "neutral" rating for the company in a report on Monday, April 28th. BMO Capital Markets lowered their price target 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. Baird R W cut shares of Starbucks from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 7th. JPMorgan Chase & Co. reduced their price target on shares of Starbucks from $105.00 to $100.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. Finally, TD Securities reiterated a "hold" rating and set a $90.00 price target on shares of Starbucks in a research report on Monday, June 23rd. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $98.73.

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.