Investment Advisory Services Inc. TX ADV Has $1.04 Million Stock Position in Starbucks Corporation (NASDAQ:SBUX)

Investment Advisory Services Inc. TX ADV raised its stake in shares of Starbucks Corporation (NASDAQ:SBUX) by 5.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,606 shares of the coffee company’s stock after buying an additional 584 shares during the period. Investment Advisory Services Inc. TX ADV’s holdings in Starbucks were worth $1,040,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in SBUX. Vanguard Group Inc. boosted its position in Starbucks by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 111,106,209 shares of the coffee company’s stock worth $10,138,442,000 after purchasing an additional 784,432 shares during the period. Capital World Investors grew its holdings in Starbucks by 20.1% in the 4th quarter. Capital World Investors now owns 54,924,230 shares of the coffee company’s stock valued at $5,011,796,000 after buying an additional 9,174,682 shares during the last quarter. FMR LLC grew its holdings in Starbucks by 27.0% in the 4th quarter. FMR LLC now owns 25,128,649 shares of the coffee company’s stock valued at $2,292,989,000 after buying an additional 5,348,790 shares during the last quarter. Geode Capital Management LLC increased its position in Starbucks by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 24,826,001 shares of the coffee company’s stock worth $2,259,516,000 after buying an additional 548,245 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in shares of Starbucks by 4.7% during the fourth quarter. Wellington Management Group LLP now owns 15,868,817 shares of the coffee company’s stock worth $1,448,030,000 after buying an additional 718,880 shares during the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Stock Down 0.4%

Starbucks stock opened at $91.10 on Thursday. The business’s 50-day simple moving average is $86.38 and its 200 day simple moving average is $94.44. The stock has a market cap of $103.53 billion, a price-to-earnings ratio of 33.01, a P/E/G ratio of 4.66 and a beta of 1.00. Starbucks Corporation has a 12-month low of $71.55 and a 12-month high of $117.46.

Starbucks (NASDAQ:SBUX) last issued its 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). The business had revenue of $8.76 billion during the quarter, compared to the consensus estimate of $8.90 billion. Starbucks had a net margin of 8.61% and a negative return on equity of 42.14%. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period last year, the business posted $0.68 EPS. As a group, sell-side analysts expect that Starbucks Corporation will post 2.99 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently 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. JPMorgan Chase & Co. cut their price objective on shares of Starbucks from $105.00 to $100.00 and set an “overweight” rating for the company in a research report on Wednesday, April 30th. Royal Bank Of Canada lifted their target price on Starbucks from $95.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 11th. 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. Finally, TD Cowen reiterated a “hold” rating and set a $90.00 price target on shares of Starbucks in a research note on Thursday, May 29th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, Starbucks has a consensus rating of “Hold” and an average price target of $98.36.

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.