SilverOak Wealth Management LLC Makes New $398,000 Investment in Starbucks Corporation (NASDAQ:SBUX)

SilverOak Wealth Management LLC bought a new position in Starbucks Corporation (NASDAQ:SBUX - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The fund bought 4,057 shares of the coffee company's stock, valued at approximately $398,000.

A number of other large investors have also added to or reduced their stakes in the stock. 49 Wealth Management LLC grew its position in shares of Starbucks by 3.5% during the 1st quarter. 49 Wealth Management LLC now owns 5,232 shares of the coffee company's stock valued at $513,000 after acquiring an additional 176 shares during the period. Stratos Wealth Advisors LLC grew its position in shares of Starbucks by 3.6% during the 1st quarter. Stratos Wealth Advisors LLC now owns 6,940 shares of the coffee company's stock valued at $681,000 after acquiring an additional 240 shares during the period. China Universal Asset Management Co. Ltd. grew its position in shares of Starbucks by 51.8% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 28,152 shares of the coffee company's stock valued at $2,761,000 after acquiring an additional 9,604 shares during the period. Interchange Capital Partners LLC boosted its holdings in Starbucks by 1.7% in the 1st quarter. Interchange Capital Partners LLC now owns 15,957 shares of the coffee company's stock worth $1,565,000 after buying an additional 260 shares during the period. Finally, Washington Trust Bank boosted its holdings in Starbucks by 5.4% in the 1st quarter. Washington Trust Bank now owns 179,261 shares of the coffee company's stock worth $17,584,000 after buying an additional 9,235 shares during the period. Institutional investors own 72.29% of the company's stock.

Starbucks Stock Down 0.8%

Shares of SBUX opened at $93.64 on Tuesday. The company has a 50 day moving average of $88.13 and a two-hundred day moving average of $94.39. The company has a market cap of $106.41 billion, a price-to-earnings ratio of 33.93, a price-to-earnings-growth ratio of 4.84 and a beta of 1.02. Starbucks Corporation has a twelve month low of $71.55 and a twelve month high of $117.46.

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

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Cowen reaffirmed a "hold" rating on shares of Starbucks in a report on Tuesday, June 24th. CICC Research assumed coverage on shares of Starbucks in a report on Monday, June 30th. They issued an "outperform" rating and a $100.00 target price for the company. Barclays reaffirmed an "overweight" rating and issued a $108.00 target price (up previously from $98.00) on shares of Starbucks in a report on Thursday, June 26th. Baird R W downgraded shares of Starbucks from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Starbucks from $105.00 to $100.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $98.23.

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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