Kampmann Melissa S. Has $2.35 Million Stake in Starbucks Co. (NASDAQ:SBUX)

Kampmann Melissa S. decreased its position in Starbucks Co. (NASDAQ:SBUX - Free Report) by 12.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,731 shares of the coffee company's stock after selling 3,695 shares during the quarter. Kampmann Melissa S.'s holdings in Starbucks were worth $2,348,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Quest Partners LLC bought a new stake in shares of Starbucks during the 3rd quarter worth about $115,000. Caprock Group LLC lifted its holdings in Starbucks by 8.6% in the 3rd quarter. Caprock Group LLC now owns 24,066 shares of the coffee company's stock worth $2,346,000 after purchasing an additional 1,899 shares during the last quarter. BIP Wealth LLC bought a new stake in Starbucks during the third quarter worth approximately $211,000. Banque Cantonale Vaudoise grew its holdings in Starbucks by 79.4% during the third quarter. Banque Cantonale Vaudoise now owns 28,000 shares of the coffee company's stock valued at $2,730,000 after purchasing an additional 12,394 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Starbucks during the third quarter valued at approximately $6,765,000. Institutional investors and hedge funds own 72.29% of the company's stock.

Starbucks Trading Down 1.4 %

SBUX stock traded down $1.35 during trading on Monday, hitting $95.72. 8,258,116 shares of the stock traded hands, compared to its average volume of 10,607,245. The stock has a market cap of $108.73 billion, a price-to-earnings ratio of 30.88, a P/E/G ratio of 3.59 and a beta of 0.99. Starbucks Co. has a one year low of $71.55 and a one year high of $117.46. The company has a 50 day simple moving average of $105.41 and a 200 day simple moving average of $99.41.

Remove Ads

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. BMO Capital Markets raised their price target on Starbucks from $110.00 to $115.00 and gave the company an "outperform" rating in a research report on Wednesday, January 29th. UBS Group raised their target price on Starbucks from $98.00 to $105.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Wells Fargo & Company upped their price target on Starbucks from $115.00 to $125.00 and gave the stock an "overweight" rating in a report on Tuesday, February 25th. Barclays increased their price objective on Starbucks from $119.00 to $124.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $115.00 target price on shares of Starbucks in a research report on Friday, January 24th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target 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.