Thompson Investment Management Inc. Sells 49,901 Shares of Starbucks Co. (NASDAQ:SBUX)

Thompson Investment Management Inc. lessened its holdings in Starbucks Co. (NASDAQ:SBUX - Free Report) by 94.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,678 shares of the coffee company's stock after selling 49,901 shares during the period. Thompson Investment Management Inc.'s holdings in Starbucks were worth $263,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of SBUX. Vanguard Group Inc. lifted its position in Starbucks by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 111,106,209 shares of the coffee company's stock worth $10,138,442,000 after acquiring an additional 784,432 shares during the last quarter. Capital World Investors increased its stake in shares of Starbucks by 20.1% in 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 lifted its position in shares of Starbucks by 27.0% during the 4th quarter. FMR LLC now owns 25,128,649 shares of the coffee company's stock worth $2,292,989,000 after purchasing an additional 5,348,790 shares during the last quarter. Geode Capital Management LLC boosted its stake in Starbucks by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 24,826,001 shares of the coffee company's stock valued at $2,259,516,000 after purchasing an additional 548,245 shares during the period. Finally, Wellington Management Group LLP grew its holdings in Starbucks by 4.7% in the 4th quarter. Wellington Management Group LLP now owns 15,868,817 shares of the coffee company's stock valued at $1,448,030,000 after buying an additional 718,880 shares during the last quarter. 72.29% of the stock is currently owned by institutional investors.

Starbucks Price Performance

Shares of NASDAQ:SBUX traded down $1.06 during trading on Friday, reaching $93.26. The stock had a trading volume of 7,115,975 shares, compared to its average volume of 11,047,045. The stock has a market capitalization of $105.98 billion, a PE ratio of 30.08, a P/E/G ratio of 3.59 and a beta of 1.00. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $117.46. The business's 50-day moving average price is $84.89 and its 200 day moving average price is $94.98.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The coffee company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.10). The business had revenue of $8.76 billion during the quarter, compared to the consensus estimate of $8.90 billion. Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. The company's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.68 EPS. Analysts forecast that Starbucks Co. will post 2.99 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on SBUX shares. Argus raised Starbucks from a "hold" rating to a "buy" rating and set a $115.00 price objective for the company in a research report on Tuesday, March 18th. TD Securities reissued a "hold" rating and issued a $90.00 price target on shares of Starbucks in a report on Wednesday. UBS Group dropped their price objective on shares of Starbucks from $105.00 to $90.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Royal Bank of Canada upped their price objective on shares of Starbucks from $95.00 to $100.00 and gave the company an "outperform" rating in a research report on Wednesday. Finally, BMO Capital Markets decreased 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. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target 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.