Starbucks Corporation (NASDAQ:SBUX) Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its holdings in Starbucks Corporation (NASDAQ:SBUX - Free Report) by 12.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 51,187 shares of the coffee company's stock after buying an additional 5,758 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Starbucks were worth $5,021,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SBUX. Norges Bank acquired a new stake in shares of Starbucks in the fourth quarter worth approximately $1,244,812,000. Capital World Investors raised its stake in Starbucks by 20.1% during the fourth quarter. Capital World Investors now owns 54,924,230 shares of the coffee company's stock worth $5,011,796,000 after purchasing an additional 9,174,682 shares during the period. FMR LLC boosted its holdings in shares of Starbucks by 27.0% in the 4th 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 during the last quarter. Capital Research Global Investors grew its stake in shares of Starbucks by 167.6% during the 4th quarter. Capital Research Global Investors now owns 5,690,198 shares of the coffee company's stock valued at $519,230,000 after buying an additional 3,563,942 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Starbucks during the 4th quarter worth $284,283,000. Hedge funds and other institutional investors own 72.29% of the company's stock.

Starbucks Stock Performance

Shares of SBUX opened at $91.63 on Tuesday. Starbucks Corporation has a one year low of $71.55 and a one year high of $117.46. The stock has a 50-day moving average price of $87.02 and a 200 day moving average price of $94.25. The company has a market capitalization of $104.13 billion, a P/E ratio of 33.20, a P/E/G ratio of 4.73 and a beta of 1.00.

Starbucks (NASDAQ:SBUX - Get Free Report) last released its earnings results on Tuesday, April 29th. The coffee company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.10). Starbucks had a net margin of 8.61% and a negative return on equity of 42.14%. The business had revenue of $8.76 billion for the quarter, compared to analysts' expectations of $8.90 billion. During the same quarter last year, the company posted $0.68 earnings per share. The business's quarterly revenue was up 2.3% compared to the same quarter last year. As a group, equities research analysts forecast that Starbucks Corporation will post 2.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on SBUX shares. Evercore ISI reiterated an "outperform" rating and issued a $105.00 target price (up previously from $95.00) on shares of Starbucks in a report on Tuesday, June 24th. Barclays reaffirmed an "overweight" rating and issued a $108.00 price objective (up from $98.00) on shares of Starbucks in a research note on Thursday. Guggenheim dropped their target price on shares of Starbucks from $95.00 to $83.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Baird R W cut shares of Starbucks from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th. Finally, Jefferies Financial Group upgraded shares of Starbucks from an "underperform" rating to a "hold" rating and set a $76.00 price objective for the company in a research note on Wednesday, April 9th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat, Starbucks has a consensus rating of "Hold" and an average price target of $98.81.

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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