Vickerman Investment Advisors Inc. trimmed its stake in Starbucks Corporation (NASDAQ:SBUX - Free Report) by 13.7% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 26,294 shares of the coffee company's stock after selling 4,190 shares during the period. Vickerman Investment Advisors Inc.'s holdings in Starbucks were worth $2,579,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also made changes to their positions in SBUX. Brighton Jones LLC lifted its stake in Starbucks by 86.5% during the fourth 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 in the last quarter. Proficio Capital Partners LLC lifted its stake in Starbucks by 10.3% during the 4th quarter. Proficio Capital Partners LLC now owns 7,647 shares of the coffee company's stock worth $698,000 after acquiring an additional 714 shares in the last quarter. Callan Family Office LLC acquired a new position in Starbucks during the 4th quarter worth about $1,326,000. Destination Wealth Management lifted its stake in Starbucks by 106.3% during the 4th quarter. Destination Wealth Management now owns 4,883 shares of the coffee company's stock worth $446,000 after acquiring an additional 2,516 shares in the last quarter. Finally, Aviance Capital Partners LLC boosted its holdings in Starbucks by 22.5% during the 4th quarter. Aviance Capital Partners LLC now owns 4,571 shares of the coffee company's stock valued at $417,000 after acquiring an additional 840 shares during the period. 72.29% of the stock is owned by hedge funds and other institutional investors.
Starbucks Stock Performance
SBUX stock traded up $0.26 during midday trading on Friday, reaching $94.44. 3,557,273 shares of the company were exchanged, compared to its average volume of 10,935,717. The company has a market cap of $107.32 billion, a price-to-earnings ratio of 34.22, a price-to-earnings-growth ratio of 4.84 and a beta of 1.02. Starbucks Corporation has a 1-year low of $71.55 and a 1-year high of $117.46. The stock's 50-day simple moving average is $87.93 and its 200 day simple moving average is $94.31.
Starbucks (NASDAQ:SBUX - Get Free Report) last announced 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 negative return on equity of 42.14% and a net margin of 8.61%. The company had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.90 billion. During the same quarter in the prior year, the business earned $0.68 earnings per share. Starbucks's revenue was up 2.3% compared to the same quarter last year. On average, research analysts anticipate that Starbucks Corporation will post 2.99 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of analysts have issued reports on the stock. Citigroup boosted their price target on shares of Starbucks from $84.00 to $95.00 and gave the stock a "neutral" rating in a research note on Thursday, June 12th. Baird R W downgraded shares of Starbucks from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 7th. Jefferies Financial Group upgraded shares of Starbucks from an "underperform" rating to a "hold" rating and set a $76.00 target price on the stock in a report on Wednesday, April 9th. Wells Fargo & Company dropped their price target on shares of Starbucks from $125.00 to $100.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Finally, TD Securities reiterated a "hold" rating and issued a $90.00 price objective on shares of Starbucks in a research note on Monday, June 23rd. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, Starbucks presently has a consensus rating of "Hold" and an average price target of $98.23.
Read Our Latest Research Report on Starbucks
About Starbucks
(
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.
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