Starbucks Co. (NASDAQ:SBUX) Shares Sold by Flossbach Von Storch SE

Flossbach Von Storch SE decreased its holdings in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 16.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,636,199 shares of the coffee company's stock after selling 930,301 shares during the period. Starbucks makes up about 1.7% of Flossbach Von Storch SE's holdings, making the stock its 22nd biggest position. Flossbach Von Storch SE owned approximately 0.41% of Starbucks worth $423,053,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. State Street Corp grew its holdings in 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 acquiring an additional 437,218 shares during the period. Geode Capital Management LLC grew its holdings in shares of Starbucks by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 24,277,756 shares of the coffee company's stock worth $2,358,464,000 after acquiring an additional 333,004 shares during the period. FMR LLC raised its holdings in Starbucks by 55.0% during the third 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 last quarter. Wellington Management Group LLP boosted its position in Starbucks by 100.6% during 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 purchasing an additional 7,598,146 shares in the last quarter. Finally, Fisher Asset Management LLC grew its holdings 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 valued at $1,146,744,000 after purchasing an additional 327,734 shares during the last quarter. 72.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on SBUX shares. Royal Bank of Canada reissued an "outperform" rating and issued a $115.00 price objective on shares of Starbucks in a research note on Friday, January 24th. Stifel Nicolaus increased their price objective on Starbucks from $110.00 to $114.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Wells Fargo & Company boosted their target price on shares of Starbucks from $110.00 to $115.00 and gave the company an "overweight" rating in a research note on Tuesday, November 26th. Redburn Atlantic reaffirmed a "sell" rating and set a $77.00 price target (down from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. Finally, Wedbush lifted their price target on shares of Starbucks from $95.00 to $100.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Starbucks has a consensus rating of "Moderate Buy" and an average price target of $105.33.

Starbucks Trading Down 1.4 %

SBUX stock 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 firm has a fifty day moving average price of $99.44 and a 200 day moving average price of $96.89. The company has a market capitalization of $126.94 billion, a P/E ratio of 36.05, a PEG ratio of 3.56 and a beta of 1.00. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $114.68.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, beating 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 company earned $0.90 earnings per share. Sell-side analysts predict that Starbucks Co. will post 2.99 EPS for the current year.

About Starbucks

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.