Starbucks Corporation (NASDAQ:SBUX) Shares Bought by Pittenger & Anderson Inc.

Pittenger & Anderson Inc. raised its holdings in Starbucks Corporation (NASDAQ:SBUX - Free Report) by 126.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,690 shares of the coffee company's stock after buying an additional 9,306 shares during the period. Pittenger & Anderson Inc.'s holdings in Starbucks were worth $1,637,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Capital Wealth Advisors acquired a new stake in shares of Starbucks during the fourth quarter worth about $285,000. Czech National Bank increased its position in shares of Starbucks by 6.2% during the first quarter. Czech National Bank now owns 260,898 shares of the coffee company's stock worth $25,591,000 after purchasing an additional 15,132 shares in the last quarter. Personal CFO Solutions LLC increased its position in shares of Starbucks by 125.5% during the first quarter. Personal CFO Solutions LLC now owns 9,254 shares of the coffee company's stock worth $908,000 after purchasing an additional 5,151 shares in the last quarter. Treasurer of the State of North Carolina increased its position in shares of Starbucks by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 498,511 shares of the coffee company's stock worth $45,489,000 after purchasing an additional 3,130 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Starbucks by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 111,106,209 shares of the coffee company's stock worth $10,138,442,000 after purchasing an additional 784,432 shares in the last quarter. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on SBUX shares. BMO Capital Markets cut their target price on Starbucks from $115.00 to $100.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Stifel Nicolaus lifted their target price on Starbucks from $92.00 to $105.00 and gave the stock a "buy" rating in a research report on Friday. Wall Street Zen lowered Starbucks from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Sanford C. Bernstein raised their price target on Starbucks from $90.00 to $100.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Finally, Jefferies Financial Group raised Starbucks from an "underperform" rating to a "hold" rating and set a $76.00 price target on the stock in a report on Wednesday, April 9th. Three equities research 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. According to data from MarketBeat.com, Starbucks currently has a consensus rating of "Hold" and an average target price of $98.73.

Starbucks Price Performance

SBUX opened at $94.94 on Monday. The stock has a market cap of $107.89 billion, a P/E ratio of 34.40, a P/E/G ratio of 4.86 and a beta of 1.02. The stock's 50 day simple moving average is $89.10 and its 200 day simple moving average is $94.54. 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 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 during the quarter, compared to analyst estimates of $8.90 billion. Starbucks had a negative return on equity of 42.14% and a net margin of 8.61%. The business's revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.68 EPS. Research analysts expect that Starbucks Corporation will post 2.99 EPS for the current fiscal year.

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.

Want to see what other hedge funds are holding SBUX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Starbucks Corporation (NASDAQ:SBUX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.