Vontobel Holding Ltd. Has $7.41 Million Stake in Starbucks Corporation (NASDAQ:SBUX)

Vontobel Holding Ltd. lessened its position in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) by 9.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 75,498 shares of the coffee company's stock after selling 8,039 shares during the quarter. Vontobel Holding Ltd.'s holdings in Starbucks were worth $7,406,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of Starbucks by 86.5% in the 4th quarter. Brighton Jones LLC now owns 176,722 shares of the coffee company's stock worth $16,126,000 after purchasing an additional 81,952 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in Starbucks by 1.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 132,551 shares of the coffee company's stock worth $12,095,000 after buying an additional 1,763 shares during the last quarter. Keybank National Association OH grew its position in shares of Starbucks by 9.5% during the 4th quarter. Keybank National Association OH now owns 273,228 shares of the coffee company's stock worth $24,932,000 after buying an additional 23,714 shares during the period. Carrera Capital Advisors increased its stake in shares of Starbucks by 3.2% in the 4th quarter. Carrera Capital Advisors now owns 6,522 shares of the coffee company's stock valued at $595,000 after acquiring an additional 204 shares during the last quarter. Finally, Laffer Tengler Investments Inc. increased its stake in shares of Starbucks by 21.0% in the 4th quarter. Laffer Tengler Investments Inc. now owns 69,902 shares of the coffee company's stock valued at $6,379,000 after acquiring an additional 12,148 shares during the last quarter. Institutional investors own 72.29% of the company's stock.

Starbucks Stock Performance

SBUX traded up $0.26 on Friday, reaching $94.44. The company had a trading volume of 3,557,273 shares, compared to its average volume of 10,930,626. The stock has a market cap of $107.32 billion, a P/E ratio of 34.22, a P/E/G ratio of 4.82 and a beta of 1.02. Starbucks Corporation has a fifty-two week low of $71.55 and a fifty-two week high of $117.46. The company's fifty day moving average is $87.72 and its 200 day moving average is $94.27.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted 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). 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%. Starbucks's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.68 EPS. On average, sell-side analysts expect that Starbucks Corporation will post 2.99 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Wall Street Zen downgraded shares of Starbucks from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Cowen reaffirmed a "hold" rating on shares of Starbucks in a research note on Tuesday, June 24th. TD Securities restated a "hold" rating and issued a $90.00 price target on shares of Starbucks in a report on Monday, June 23rd. Evercore ISI reaffirmed an "outperform" rating and set a $105.00 price target (up previously from $95.00) on shares of Starbucks in a research report on Tuesday, June 24th. Finally, Argus upgraded Starbucks from a "hold" rating to a "buy" rating and set a $115.00 price objective on the stock in a report on Tuesday, March 18th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price 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.