Starbucks Co. (NASDAQ:SBUX) Position Trimmed by Yousif Capital Management LLC

Yousif Capital Management LLC lessened its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 3.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,517 shares of the coffee company’s stock after selling 3,672 shares during the quarter. Yousif Capital Management LLC’s holdings in Starbucks were worth $11,037,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Capital & Planning LLC raised its stake in shares of Starbucks by 40.7% in the 4th quarter. Capital & Planning LLC now owns 12,039 shares of the coffee company’s stock valued at $1,099,000 after acquiring an additional 3,483 shares in the last quarter. Brighton Jones LLC raised its stake in shares of Starbucks by 86.5% in the 4th quarter. Brighton Jones LLC now owns 176,722 shares of the coffee company’s stock valued at $16,126,000 after acquiring an additional 81,952 shares in the last quarter. Strategic Financial Concepts LLC bought a new position in shares of Starbucks in the 4th quarter valued at approximately $62,000. Empowered Funds LLC raised its stake in shares of Starbucks by 14.7% in the 4th quarter. Empowered Funds LLC now owns 45,818 shares of the coffee company’s stock valued at $4,181,000 after acquiring an additional 5,877 shares in the last quarter. Finally, Entropy Technologies LP bought a new position in shares of Starbucks in the 4th quarter valued at approximately $812,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Starbucks Stock Performance

Starbucks stock opened at $91.43 on Wednesday. The firm has a market cap of $103.90 billion, a P/E ratio of 29.49, a P/E/G ratio of 3.59 and a beta of 1.00. The business’s fifty day moving average is $84.34 and its two-hundred day moving average is $95.03. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $117.46.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Tuesday, April 29th. The coffee company reported $0.41 earnings per share (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 firm had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.90 billion. During the same period last year, the company earned $0.68 EPS. The company’s revenue was up 2.3% compared to the same quarter last year. On average, equities research analysts predict that Starbucks Co. will post 2.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on SBUX. Wells Fargo & Company dropped their price target on Starbucks from $125.00 to $100.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Citigroup decreased their price objective on Starbucks from $88.00 to $84.00 and set a “neutral” rating on the stock in a report on Wednesday, April 30th. Barclays decreased their price objective on Starbucks from $106.00 to $98.00 and set an “overweight” rating on the stock in a report on Wednesday, April 30th. TD Securities reissued a “hold” rating and set a $90.00 price objective on shares of Starbucks in a report on Thursday, May 29th. Finally, Stifel Nicolaus decreased their price objective on Starbucks from $103.00 to $92.00 and set a “buy” rating on the stock in a report on Wednesday, April 30th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $97.92.

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.