Investor s Fiduciary Advisor Network LLC Sells 1,619 Shares of Starbucks Corporation (NASDAQ:SBUX)

Investor s Fiduciary Advisor Network LLC lowered its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 24.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,978 shares of the coffee company’s stock after selling 1,619 shares during the quarter. Investor s Fiduciary Advisor Network LLC’s holdings in Starbucks were worth $488,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Starbucks in the 4th quarter worth approximately $25,000. Graney & King LLC bought a new stake in shares of Starbucks in the 4th quarter worth approximately $26,000. Runnymede Capital Advisors Inc. bought a new stake in shares of Starbucks in the 4th quarter worth approximately $27,000. Kapitalo Investimentos Ltda bought a new stake in shares of Starbucks in the 4th quarter worth approximately $32,000. Finally, Ball & Co Wealth Management Inc. bought a new stake in shares of Starbucks in the 4th quarter worth approximately $41,000. Institutional investors own 72.29% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on SBUX shares. Citigroup lifted their price target on shares of Starbucks from $84.00 to $95.00 and gave the stock a “neutral” rating in a report on Thursday, June 12th. Robert W. Baird reaffirmed a “neutral” rating and issued a $85.00 price target (down previously from $114.00) on shares of Starbucks in a report on Monday, April 7th. UBS Group lowered their price target on shares of Starbucks from $105.00 to $90.00 and set a “neutral” rating on the stock in a report on Monday, April 28th. Wells Fargo & Company reduced their price objective on shares of Starbucks from $125.00 to $100.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Finally, Baird R W lowered shares of Starbucks from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 7th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $98.23.

Starbucks Stock Performance

Starbucks stock opened at $94.44 on Friday. The stock has a market cap of $107.32 billion, a P/E ratio of 34.22, a PEG ratio of 4.84 and a beta of 1.02. Starbucks Corporation has a fifty-two week low of $71.55 and a fifty-two week high of $117.46. The firm’s fifty day moving average price is $87.93 and its 200-day moving average price is $94.31.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Tuesday, April 29th. The coffee company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.10). The firm had revenue of $8.76 billion during 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 revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.68 EPS. Sell-side analysts predict that Starbucks Corporation will post 2.99 earnings per share 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.