Union Bancaire Privee UBP SA Buys Shares of 3,200 Starbucks Co. (NASDAQ:SBUX)

Union Bancaire Privee UBP SA bought a new stake in Starbucks Co. (NASDAQ:SBUX - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,200 shares of the coffee company's stock, valued at approximately $314,000.

Other hedge funds have also made changes to their positions in the company. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Starbucks in the 4th quarter valued at $25,000. Graney & King LLC purchased a new position in shares of Starbucks in the 4th quarter valued at $26,000. Runnymede Capital Advisors Inc. purchased a new position in shares of Starbucks in the 4th quarter valued at $27,000. Marshall Investment Management LLC purchased a new position in shares of Starbucks in the 4th quarter valued at $30,000. Finally, Noble Wealth Management PBC purchased a new stake in Starbucks during the 4th quarter worth $30,000. Hedge funds and other institutional investors own 72.29% of the company's stock.

Starbucks Stock Performance

Shares of NASDAQ SBUX traded down $1.06 during midday trading on Friday, hitting $93.26. The company's stock had a trading volume of 7,115,975 shares, compared to its average volume of 11,050,895. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $117.46. The firm's fifty day moving average price is $85.17 and its 200-day moving average price is $94.88. The firm has a market cap of $105.98 billion, a P/E ratio of 30.08, a P/E/G ratio of 3.59 and a beta of 1.00.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted its quarterly 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 9.73% and a negative return on equity of 44.97%. The business had revenue of $8.76 billion during the quarter, compared to analyst estimates of $8.90 billion. During the same period last year, the firm posted $0.68 earnings per share. The company's quarterly revenue was up 2.3% on a year-over-year basis. As a group, research analysts predict that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on SBUX shares. Royal Bank of Canada lifted their price target on shares of Starbucks from $95.00 to $100.00 and gave the stock an "outperform" rating in a research note on Wednesday. Cowen downgraded shares of Starbucks from a "buy" rating to a "hold" rating in a research note on Thursday, May 29th. UBS Group dropped their price target on shares of Starbucks from $105.00 to $90.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Baird R W downgraded shares of Starbucks from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 7th. Finally, Stifel Nicolaus dropped their price target on shares of Starbucks from $103.00 to $92.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. 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 stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $98.96.

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.