Win Advisors Inc. acquired a new position in Starbucks Corporation (NASDAQ:SBUX - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 9,349 shares of the coffee company's stock, valued at approximately $917,000.
Several other institutional investors and hedge funds have also bought and sold shares of SBUX. Vanguard Group Inc. lifted its stake in shares of Starbucks by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 111,106,209 shares of the coffee company's stock valued at $10,138,442,000 after purchasing an additional 784,432 shares during the period. Capital World Investors lifted its stake in shares of Starbucks by 20.1% in the 4th quarter. Capital World Investors now owns 54,924,230 shares of the coffee company's stock valued at $5,011,796,000 after purchasing an additional 9,174,682 shares during the period. FMR LLC lifted its stake in shares of Starbucks by 27.0% in the 4th quarter. FMR LLC now owns 25,128,649 shares of the coffee company's stock valued at $2,292,989,000 after purchasing an additional 5,348,790 shares during the period. Geode Capital Management LLC lifted its stake in shares of Starbucks by 2.3% in 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 lifted its stake in shares of 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 purchasing an additional 718,880 shares during the period. Hedge funds and other institutional investors own 72.29% of the company's stock.
Starbucks Price Performance
Shares of SBUX opened at $92.34 on Tuesday. Starbucks Corporation has a one year low of $71.55 and a one year high of $117.46. The firm has a market capitalization of $104.94 billion, a P/E ratio of 33.46, a PEG ratio of 4.74 and a beta of 1.00. The business has a fifty day moving average of $86.02 and a 200 day moving average of $94.48.
Starbucks (NASDAQ:SBUX - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $8.76 billion during the quarter, compared to the consensus estimate of $8.90 billion. During the same period in the previous year, the firm earned $0.68 EPS. The business's revenue was up 2.3% on a year-over-year basis. Analysts expect that Starbucks Corporation will post 2.99 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on SBUX shares. JPMorgan Chase & Co. lowered their price objective on Starbucks from $105.00 to $100.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. Barclays lowered their price objective on Starbucks from $106.00 to $98.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. Stifel Nicolaus lowered their price objective on Starbucks from $103.00 to $92.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Royal Bank Of Canada lifted their price objective on Starbucks from $95.00 to $100.00 and gave the company an "outperform" rating in a research note on Wednesday, June 11th. Finally, TD Securities reiterated a "hold" rating and set a $90.00 price objective on shares of Starbucks in a research note on Monday. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $98.96.
Read Our Latest Analysis on SBUX
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.
See Also
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