Baillie Gifford & Co. Cuts Stake in Starbucks Co. (NASDAQ:SBUX)

Baillie Gifford & Co. decreased its holdings in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 737,967 shares of the coffee company's stock after selling 5,928 shares during the quarter. Baillie Gifford & Co. owned 0.06% of Starbucks worth $67,339,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. State Street Corp grew its holdings in shares of Starbucks by 1.0% during the third quarter. State Street Corp now owns 45,974,407 shares of the coffee company's stock worth $4,482,045,000 after purchasing an additional 437,218 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Starbucks by 1.4% during the third quarter. Geode Capital Management LLC now owns 24,277,756 shares of the coffee company's stock worth $2,358,464,000 after purchasing an additional 333,004 shares in the last quarter. FMR LLC boosted its stake in Starbucks by 55.0% in the third quarter. FMR LLC now owns 19,779,859 shares of the coffee company's stock worth $1,928,339,000 after buying an additional 7,015,375 shares in the last quarter. Wellington Management Group LLP boosted its stake in Starbucks by 100.6% in the third quarter. Wellington Management Group LLP now owns 15,149,937 shares of the coffee company's stock worth $1,476,967,000 after buying an additional 7,598,146 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its stake in Starbucks by 2.9% in the third quarter. Fisher Asset Management LLC now owns 11,762,684 shares of the coffee company's stock worth $1,146,744,000 after buying an additional 327,734 shares in the last quarter. Hedge funds and other institutional investors own 72.29% of the company's stock.

Starbucks Trading Down 1.4 %

SBUX traded down $1.59 during trading on Friday, reaching $111.75. The stock had a trading volume of 9,661,850 shares, compared to its average volume of 9,790,830. The stock's 50 day moving average is $99.72 and its two-hundred day moving average is $97.15. The company has a market capitalization of $126.94 billion, a price-to-earnings ratio of 36.05, a P/E/G ratio of 3.56 and a beta of 1.00. Starbucks Co. has a one year low of $71.55 and a one year high of $114.68.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.01. Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. During the same period in the prior year, the business earned $0.90 earnings per share. On average, equities research analysts predict that Starbucks Co. will post 2.99 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SBUX. Wells Fargo & Company upped their target price on Starbucks from $110.00 to $115.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 26th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $115.00 target price on shares of Starbucks in a research note on Friday, January 24th. Barclays upped their target price on Starbucks from $119.00 to $124.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 29th. UBS Group upped their target price on Starbucks from $98.00 to $105.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. Finally, TD Cowen reaffirmed a "buy" rating and issued a $110.00 target price on shares of Starbucks in a research note on Monday, November 11th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $105.33.

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.