Starbucks Corporation $SBUX Shares Sold by UMB Bank n.a.

Key Points

• UMB Bank n.a. reduced its stake in Starbucks Corporation by 18.4%, now holding 36,533 shares valued at approximately $3.35 million.
• A number of institutional investors, including Czech National Bank and Personal CFO Solutions LLC, have significantly increased their positions in Starbucks during the first quarter of the year.
• Starbucks recently reported earnings per share of $0.50, missing analysts' expectations, while the company declared a quarterly dividend of $0.61 per share.

UMB Bank n.a. trimmed its position in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) by 18.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 36,533 shares of the coffee company's stock after selling 8,253 shares during the period. UMB Bank n.a.'s holdings in Starbucks were worth $3,348,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SBUX. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Starbucks during the 4th quarter valued at $25,000. Hughes Financial Services LLC bought a new position in Starbucks in the 1st quarter worth $27,000. CBIZ Investment Advisory Services LLC raised its holdings in Starbucks by 125.2% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 286 shares of the coffee company's stock worth $28,000 after acquiring an additional 159 shares during the period. McClarren Financial Advisors Inc. bought a new position in Starbucks in the 1st quarter worth $29,000. Finally, Nova Wealth Management Inc. increased its holdings in shares of Starbucks by 285.4% during the 1st quarter. Nova Wealth Management Inc. now owns 316 shares of the coffee company's stock worth $31,000 after purchasing an additional 234 shares during the period. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Starbucks Stock Performance

Starbucks stock traded down $0.05 during mid-day trading on Tuesday, reaching $85.24. 5,484,148 shares of the company were exchanged, compared to its average volume of 10,278,309. The firm's 50-day simple moving average is $89.17 and its two-hundred day simple moving average is $89.33. The firm has a market cap of $96.89 billion, a PE ratio of 36.77, a price-to-earnings-growth ratio of 5.05 and a beta of 1.00. Starbucks Corporation has a twelve month low of $75.50 and a twelve month high of $117.46.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The coffee company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.14). The business had revenue of $9.46 billion during the quarter, compared to analyst estimates of $9.29 billion. Starbucks had a net margin of 7.18% and a negative return on equity of 36.23%. The firm's quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.93 earnings per share. As a group, equities research analysts anticipate that Starbucks Corporation will post 2.99 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on SBUX shares. Robert W. Baird raised shares of Starbucks from a "neutral" rating to an "outperform" rating and upped their target price for the company from $100.00 to $115.00 in a research note on Tuesday, August 12th. Barclays upped their target price on shares of Starbucks from $106.00 to $115.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Jefferies Financial Group cut shares of Starbucks from a "hold" rating to an "underperform" rating and set a $76.00 price objective on the stock. in a research note on Thursday, July 17th. TD Securities reaffirmed a "hold" rating and issued a $90.00 target price on shares of Starbucks in a research note on Monday, June 23rd. Finally, Citigroup lowered their price objective on shares of Starbucks from $100.00 to $99.00 and set a "neutral" rating for the company in a research report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $104.40.

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.