Xponance Inc. Has $23.86 Million Stake in Starbucks Corporation (NASDAQ:SBUX)

Xponance Inc. grew its stake in Starbucks Corporation (NASDAQ:SBUX - Free Report) by 1.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 243,214 shares of the coffee company's stock after purchasing an additional 3,778 shares during the period. Xponance Inc.'s holdings in Starbucks were worth $23,857,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Starbucks during the 4th quarter valued at about $25,000. Graney & King LLC acquired a new stake in shares of Starbucks during the 4th quarter valued at about $26,000. Runnymede Capital Advisors Inc. acquired a new stake in shares of Starbucks during the 4th quarter valued at about $27,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Starbucks during the 4th quarter valued at about $32,000. Finally, Ball & Co Wealth Management Inc. acquired a new stake in shares of Starbucks during the 4th quarter valued at about $41,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Starbucks Trading Down 0.2%

Shares of SBUX traded down $0.21 on Friday, reaching $94.94. 6,339,055 shares of the company's stock were exchanged, compared to its average volume of 10,850,827. The stock has a market capitalization of $107.89 billion, a P/E ratio of 34.40, a price-to-earnings-growth ratio of 4.87 and a beta of 1.02. The business has a 50 day moving average price of $88.90 and a two-hundred day moving average price of $94.46. Starbucks Corporation has a 12 month low of $71.55 and a 12 month high of $117.46.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued its 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 8.61% and a negative return on equity of 42.14%. 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 company posted $0.68 EPS. The firm's revenue for the quarter was up 2.3% on a year-over-year basis. Equities research analysts predict that Starbucks Corporation will post 2.99 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. TD Cowen reiterated a "hold" rating and set a $90.00 target price on shares of Starbucks in a research report on Thursday, May 29th. The Goldman Sachs Group restated a "neutral" rating and issued a $95.00 price target (up from $85.00) on shares of Starbucks in a research report on Thursday, June 12th. BMO Capital Markets reduced their price target on shares of Starbucks from $115.00 to $100.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. TD Securities restated a "hold" rating and issued a $90.00 price target on shares of Starbucks in a research report on Monday, June 23rd. Finally, Jefferies Financial Group upgraded shares of Starbucks from an "underperform" rating to a "hold" rating and set a $76.00 price target on the stock in a research report on Wednesday, April 9th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $98.73.

Starbucks Company 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.