Bender Robert & Associates Has $4.47 Million Stock Holdings in Starbucks Corporation (NASDAQ:SBUX)

Bender Robert & Associates raised its stake in Starbucks Corporation (NASDAQ:SBUX) by 2.7% during the 1st quarter, Holdings Channel.com reports. The firm owned 45,583 shares of the coffee company’s stock after buying an additional 1,177 shares during the period. Starbucks accounts for 1.1% of Bender Robert & Associates’ holdings, making the stock its 21st largest holding. Bender Robert & Associates’ holdings in Starbucks were worth $4,471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of SBUX. Norges Bank bought a new stake in Starbucks in the 4th quarter valued at $1,244,812,000. Capital World Investors boosted its position in shares of Starbucks by 20.1% in the fourth quarter. Capital World Investors now owns 54,924,230 shares of the coffee company’s stock valued at $5,011,796,000 after acquiring an additional 9,174,682 shares during the period. FMR LLC grew its stake in shares of Starbucks by 27.0% in the fourth quarter. FMR LLC now owns 25,128,649 shares of the coffee company’s stock valued at $2,292,989,000 after acquiring an additional 5,348,790 shares in the last quarter. Capital Research Global Investors increased its position in Starbucks by 167.6% during the fourth quarter. Capital Research Global Investors now owns 5,690,198 shares of the coffee company’s stock worth $519,230,000 after acquiring an additional 3,563,942 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Starbucks during the fourth quarter worth about $284,283,000. 72.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on SBUX shares. Baird R W lowered shares of Starbucks from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 7th. Stifel Nicolaus lowered their price objective on Starbucks from $103.00 to $92.00 and set a “buy” rating on the stock in a research note on Wednesday, April 30th. JPMorgan Chase & Co. cut their target price on Starbucks from $105.00 to $100.00 and set an “overweight” rating for the company in a research report on Wednesday, April 30th. TD Cowen restated a “hold” rating and issued a $90.00 price target on shares of Starbucks in a research report on Thursday, May 29th. Finally, TD Securities reaffirmed a “hold” rating and set a $90.00 price objective on shares of Starbucks in a research report on Wednesday, June 11th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $98.96.

Starbucks Stock Down 2.0%

Shares of SBUX opened at $91.59 on Wednesday. The business has a 50-day simple moving average of $85.50 and a two-hundred day simple moving average of $94.75. Starbucks Corporation has a 12-month low of $71.55 and a 12-month high of $117.46. The stock has a market cap of $104.08 billion, a PE ratio of 33.18, a PEG ratio of 4.69 and a beta of 1.00.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data 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). Starbucks had a net margin of 8.61% and a negative return on equity of 42.14%. The business had revenue of $8.76 billion during the quarter, compared to the consensus estimate of $8.90 billion. During the same quarter last year, the business earned $0.68 EPS. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. On average, equities research analysts expect 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.