Northwest Capital Management Inc Acquires 300 Shares of Starbucks Corporation (NASDAQ:SBUX)

Northwest Capital Management Inc lifted its holdings in shares of Starbucks Corporation (NASDAQ:SBUX) by 23.7% in the first quarter, Holdings Channel.com reports. The fund owned 1,568 shares of the coffee company’s stock after purchasing an additional 300 shares during the quarter. Northwest Capital Management Inc’s holdings in Starbucks were worth $154,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Wells Fargo & Company cut their price target on shares of Starbucks from $125.00 to $100.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Jefferies Financial Group raised shares of Starbucks from an “underperform” rating to a “hold” rating and set a $76.00 price target for the company in a report on Wednesday, April 9th. Royal Bank Of Canada lifted their price target on shares of Starbucks from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, June 11th. Wall Street Zen downgraded shares of Starbucks from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd. Finally, TD Cowen reissued a “hold” rating and set a $90.00 price target on shares of Starbucks in a report on Thursday, May 29th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $98.73.

Starbucks Price Performance

SBUX opened at $94.94 on Friday. The company has a market cap of $107.89 billion, a price-to-earnings ratio of 34.40, a price-to-earnings-growth ratio of 4.87 and a beta of 1.02. The firm has a 50 day simple moving average of $89.10 and a 200 day simple moving average of $94.49. Starbucks Corporation has a fifty-two week low of $71.55 and a fifty-two week high of $117.46.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Tuesday, April 29th. The coffee company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.10). The business had revenue of $8.76 billion for the quarter, compared to the consensus estimate of $8.90 billion. Starbucks had a negative return on equity of 42.14% and a net margin of 8.61%. The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period last year, the firm earned $0.68 earnings per share. As a group, analysts expect that Starbucks Corporation will post 2.99 EPS for the current year.

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.