Albion Financial Group UT lifted its stake in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) by 2.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 149,205 shares of the coffee company's stock after acquiring an additional 3,191 shares during the quarter. Starbucks accounts for 1.0% of Albion Financial Group UT's portfolio, making the stock its 28th largest holding. Albion Financial Group UT's holdings in Starbucks were worth $14,635,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also modified their holdings of the stock. Amalgamated Bank boosted its stake in shares of Starbucks by 2.4% during the 1st quarter. Amalgamated Bank now owns 237,003 shares of the coffee company's stock worth $23,248,000 after acquiring an additional 5,522 shares in the last quarter. Emerald Advisors LLC boosted its stake in shares of Starbucks by 19.3% during the 1st quarter. Emerald Advisors LLC now owns 2,950 shares of the coffee company's stock worth $289,000 after acquiring an additional 477 shares in the last quarter. Goodman Advisory Group LLC bought a new stake in shares of Starbucks during the 1st quarter worth $114,000. Sovran Advisors LLC boosted its stake in shares of Starbucks by 2.8% during the 1st quarter. Sovran Advisors LLC now owns 6,059 shares of the coffee company's stock worth $594,000 after acquiring an additional 167 shares in the last quarter. Finally, Cohen Investment Advisors LLC boosted its stake in shares of Starbucks by 1,122.9% during the 1st quarter. Cohen Investment Advisors LLC now owns 284,742 shares of the coffee company's stock worth $27,930,000 after acquiring an additional 261,458 shares in the last quarter. 72.29% of the stock is owned by institutional investors.
Starbucks Stock Performance
Shares of SBUX opened at $92.11 on Monday. The firm has a market cap of $104.67 billion, a PE ratio of 33.37, a PEG ratio of 4.73 and a beta of 1.00. The firm's 50 day moving average price is $86.80 and its 200 day moving average price is $94.29. 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 earnings results on Tuesday, April 29th. The coffee company reported $0.41 earnings per share 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 company had revenue of $8.76 billion for the quarter, compared to the consensus estimate of $8.90 billion. During the same quarter last year, the business earned $0.68 earnings per share. Starbucks's quarterly revenue was up 2.3% on a year-over-year basis. On average, sell-side analysts anticipate that Starbucks Corporation will post 2.99 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on SBUX. BMO Capital Markets reduced their price objective on Starbucks from $115.00 to $100.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Wall Street Zen lowered Starbucks from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Jefferies Financial Group upgraded Starbucks from an "underperform" rating to a "hold" rating and set a $76.00 price objective for the company in a research report on Wednesday, April 9th. Cowen reaffirmed a "hold" rating on shares of Starbucks in a research note on Tuesday, June 24th. Finally, The Goldman Sachs Group reiterated a "neutral" rating and issued a $95.00 target price (up previously from $85.00) on shares of Starbucks in a report on Thursday, June 12th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $98.76.
Check Out Our Latest Research Report on Starbucks
Starbucks Profile
(
Free Report)
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.
Further Reading
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