Starbucks Co. (NASDAQ:SBUX) Position Trimmed by SG Americas Securities LLC

SG Americas Securities LLC lessened its position in Starbucks Co. (NASDAQ:SBUX - Free Report) by 43.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 116,599 shares of the coffee company's stock after selling 88,112 shares during the period. SG Americas Securities LLC's holdings in Starbucks were worth $11,437,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. TrinityPoint Wealth LLC lifted its position in Starbucks by 2.7% during the 4th quarter. TrinityPoint Wealth LLC now owns 3,421 shares of the coffee company's stock worth $312,000 after buying an additional 89 shares in the last quarter. Pioneer Trust Bank N A OR lifted its stake in Starbucks by 0.8% in the 4th quarter. Pioneer Trust Bank N A OR now owns 11,312 shares of the coffee company's stock valued at $1,032,000 after purchasing an additional 92 shares during the last quarter. Wintrust Investments LLC raised 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 valued at $128,000 after acquiring an additional 94 shares during the last quarter. Kuhn & Co Investment Counsel increased its position in shares of Starbucks by 2.3% during the fourth quarter. Kuhn & Co Investment Counsel now owns 4,240 shares of the coffee company's stock worth $387,000 after buying an additional 96 shares during the period. Finally, Gamco Investors INC. ET AL grew its holdings in Starbucks by 3.5% in the fourth quarter. Gamco Investors INC. ET AL now owns 2,860 shares of the coffee company's stock worth $261,000 after purchasing an additional 97 shares during the period. Institutional investors own 72.29% of the company's stock.

Starbucks Trading Down 1.1%

Starbucks stock traded down $1.06 during mid-day trading on Friday, reaching $93.26. The company's stock had a trading volume of 7,115,975 shares, compared to its average volume of 11,035,461. The firm has a market cap of $105.98 billion, a price-to-earnings ratio of 30.08, a PEG ratio of 3.59 and a beta of 1.00. The business has a 50 day moving average price of $85.17 and a 200-day moving average price of $94.93. Starbucks Co. has a twelve month low of $71.55 and a twelve month 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 EPS 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 analyst estimates of $8.90 billion. Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. The business's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.68 EPS. On average, equities analysts expect that Starbucks Co. will post 2.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. The Goldman Sachs Group lifted their price objective on shares of Starbucks from $85.00 to $95.00 and gave the stock a "neutral" rating in a research report on Thursday. TD Cowen reaffirmed a "hold" rating and issued a $90.00 price objective on shares of Starbucks in a research note on Thursday, May 29th. UBS Group decreased their price objective on shares of Starbucks from $105.00 to $90.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Wells Fargo & Company cut their price objective on shares of Starbucks from $125.00 to $100.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Finally, Baird R W cut shares of Starbucks from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 7th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $98.96.

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.