Boston Partners Lowers Holdings in Starbucks Co. (NASDAQ:SBUX)

Boston Partners lessened its stake in Starbucks Co. (NASDAQ:SBUX - Free Report) by 99.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,636 shares of the coffee company's stock after selling 2,815,756 shares during the period. Boston Partners' holdings in Starbucks were worth $1,427,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its stake in shares of Starbucks by 100.6% during the third quarter. Wellington Management Group LLP now owns 15,149,937 shares of the coffee company's stock valued at $1,476,967,000 after acquiring an additional 7,598,146 shares in the last quarter. FMR LLC increased its holdings in Starbucks by 55.0% during the 3rd quarter. FMR LLC now owns 19,779,859 shares of the coffee company's stock worth $1,928,339,000 after purchasing an additional 7,015,375 shares during the period. Raymond James Financial Inc. bought a new stake in Starbucks during the 4th quarter valued at $284,283,000. Assenagon Asset Management S.A. lifted its holdings in shares of Starbucks by 1,491.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,808,571 shares of the coffee company's stock worth $256,282,000 after buying an additional 2,632,087 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Starbucks by 1,078.5% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,545,419 shares of the coffee company's stock worth $248,153,000 after buying an additional 2,329,431 shares in the last quarter. Institutional investors own 72.29% of the company's stock.

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Starbucks Stock Performance

SBUX stock traded up $2.09 during midday trading on Wednesday, reaching $97.97. The stock had a trading volume of 9,555,849 shares, compared to its average volume of 10,603,856. The firm has a fifty day simple moving average of $105.51 and a two-hundred day simple moving average of $99.48. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $117.46. The stock has a market cap of $111.28 billion, a PE ratio of 31.60, a P/E/G ratio of 3.59 and a beta of 0.99.

Starbucks (NASDAQ:SBUX - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate 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 previous year, the business earned $0.90 earnings per share. On average, sell-side analysts predict that Starbucks Co. will post 2.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SBUX. Argus upgraded Starbucks from a "hold" rating to a "buy" rating and set a $115.00 price objective for the company in a report on Tuesday, March 18th. Wells Fargo & Company upped their price target on shares of Starbucks from $115.00 to $125.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 25th. Barclays lifted their price objective on shares of Starbucks from $119.00 to $124.00 and gave the company an "overweight" rating in a report 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 report on Wednesday, January 29th. Finally, Stifel Nicolaus increased their target price on Starbucks from $110.00 to $114.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $106.12.

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.