WoodTrust Financial Corp Boosts Stock Position in Starbucks Corporation (NASDAQ:SBUX)

WoodTrust Financial Corp increased its stake in Starbucks Corporation (NASDAQ:SBUX - Free Report) by 5.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,740 shares of the coffee company's stock after buying an additional 4,263 shares during the period. Starbucks accounts for 1.1% of WoodTrust Financial Corp's portfolio, making the stock its 29th largest position. WoodTrust Financial Corp's holdings in Starbucks were worth $7,528,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. TrinityPoint Wealth LLC raised its stake in Starbucks by 2.7% in the fourth quarter. TrinityPoint Wealth LLC now owns 3,421 shares of the coffee company's stock worth $312,000 after buying an additional 89 shares in the last quarter. Pioneer Trust Bank N A OR raised its stake in Starbucks by 0.8% in the fourth quarter. Pioneer Trust Bank N A OR now owns 11,312 shares of the coffee company's stock worth $1,032,000 after buying an additional 92 shares in the last quarter. Wintrust Investments LLC raised its stake in Starbucks by 7.1% in the fourth quarter. Wintrust Investments LLC now owns 1,411 shares of the coffee company's stock worth $128,000 after buying an additional 94 shares in the last quarter. Foster Dykema Cabot & Partners LLC raised its stake in Starbucks by 10.6% in the fourth quarter. Foster Dykema Cabot & Partners LLC now owns 1,014 shares of the coffee company's stock worth $93,000 after buying an additional 97 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its stake in Starbucks by 3.5% in the fourth quarter. Gamco Investors INC. ET AL now owns 2,860 shares of the coffee company's stock worth $261,000 after buying an additional 97 shares in the last quarter. 72.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on SBUX shares. Robert W. Baird reissued a "neutral" rating and issued a $85.00 price target (down from $114.00) on shares of Starbucks in a research note on Monday, April 7th. Citigroup raised their target price on shares of Starbucks from $84.00 to $95.00 and gave the company a "neutral" rating in a research note on Thursday, June 12th. TD Securities reaffirmed a "hold" rating and set a $90.00 target price on shares of Starbucks in a research note on Monday. Guggenheim decreased their target price on shares of Starbucks from $95.00 to $83.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Finally, UBS Group decreased their target price on shares of Starbucks from $105.00 to $90.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. 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 stock. According to data from MarketBeat, Starbucks has an average rating of "Hold" and an average target price of $98.96.

Starbucks Price Performance

NASDAQ SBUX opened at $92.34 on Tuesday. The stock has a market capitalization of $104.94 billion, a price-to-earnings ratio of 33.46, a PEG ratio of 4.74 and a beta of 1.00. Starbucks Corporation has a 1-year low of $71.55 and a 1-year high of $117.46. The business's fifty day moving average price is $86.02 and its 200-day moving average price is $94.48.

Starbucks (NASDAQ:SBUX - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The coffee company reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.51 by ($0.10). The firm had revenue of $8.76 billion during the quarter, compared to analysts' expectations of $8.90 billion. Starbucks had a negative return on equity of 42.14% and a net margin of 8.61%. The business's quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the business earned $0.68 earnings per share. Equities research analysts anticipate that Starbucks Corporation will post 2.99 EPS for the current year.

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.

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