Kiley Juergens Wealth Management LLC Buys 1,408 Shares of Starbucks Corporation (NASDAQ:SBUX)

Kiley Juergens Wealth Management LLC boosted its holdings in shares of Starbucks Corporation (NASDAQ:SBUX) by 1.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,081 shares of the coffee company’s stock after buying an additional 1,408 shares during the period. Starbucks comprises 3.1% of Kiley Juergens Wealth Management LLC’s portfolio, making the stock its 10th largest holding. Kiley Juergens Wealth Management LLC’s holdings in Starbucks were worth $11,583,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of SBUX. University of Texas Texas AM Investment Management Co. bought a new position in shares of Starbucks during the fourth quarter valued at $25,000. Graney & King LLC bought a new position in shares of Starbucks during the fourth quarter valued at $26,000. Runnymede Capital Advisors Inc. bought a new position in shares of Starbucks during the fourth quarter valued at $27,000. Marshall Investment Management LLC bought a new position in shares of Starbucks during the fourth quarter valued at $30,000. Finally, Noble Wealth Management PBC bought a new position in shares of Starbucks during the fourth quarter valued at $30,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Analyst Upgrades and Downgrades

SBUX has been the subject of a number of analyst reports. UBS Group cut their price objective on Starbucks from $105.00 to $90.00 and set a “neutral” rating for the company in a report on Monday, April 28th. Barclays cut their price target on Starbucks from $106.00 to $98.00 and set an “overweight” rating for the company in a report on Wednesday, April 30th. Stifel Nicolaus cut their price target on Starbucks from $103.00 to $92.00 and set a “buy” rating for the company in a report on Wednesday, April 30th. JPMorgan Chase & Co. cut their price target on Starbucks from $105.00 to $100.00 and set an “overweight” rating for the company in a report on Wednesday, April 30th. Finally, Guggenheim cut their price target on Starbucks from $95.00 to $83.00 and set a “neutral” rating for the company in a report on Tuesday, April 29th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, Starbucks has a consensus rating of “Hold” and an average target price of $98.96.

Starbucks Trading Down 2.0%

Starbucks stock opened at $91.59 on Wednesday. The company 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. The company’s 50-day moving average is $85.50 and its two-hundred day moving average is $94.75. Starbucks Corporation has a 1 year low of $71.55 and a 1 year high of $117.46.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Tuesday, April 29th. The coffee company reported $0.41 earnings per share 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 analyst estimates of $8.90 billion. Starbucks had a net margin of 8.61% and a negative return on equity of 42.14%. The business’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.68 earnings per share. Research analysts forecast that Starbucks Corporation will post 2.99 EPS for the current year.

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.