Starbucks Co. (NASDAQ:SBUX) Shares Sold by First National Bank Sioux Falls

First National Bank Sioux Falls cut its stake in Starbucks Co. (NASDAQ:SBUX) by 4.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,008 shares of the coffee company’s stock after selling 284 shares during the period. First National Bank Sioux Falls’ holdings in Starbucks were worth $589,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. University of Texas Texas AM Investment Management Co. purchased a new position in Starbucks in the fourth quarter valued at about $25,000. Graney & King LLC purchased a new position in Starbucks in the fourth quarter valued at about $26,000. Collier Financial purchased a new position in Starbucks in the fourth quarter valued at about $27,000. Runnymede Capital Advisors Inc. purchased a new position in Starbucks in the fourth quarter valued at about $27,000. Finally, Marshall Investment Management LLC purchased a new position in Starbucks in the fourth quarter valued at about $30,000. 72.29% of the stock is owned by hedge funds and other institutional investors.

Starbucks Stock Up 1.1%

Shares of SBUX opened at $90.67 on Tuesday. The firm has a market cap of $103.04 billion, a PE ratio of 29.25, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. The company’s fifty day moving average is $84.28 and its two-hundred day moving average is $95.06. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $117.46.

Starbucks (NASDAQ:SBUX) last announced 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 company had revenue of $8.76 billion during the quarter, compared to analyst estimates of $8.90 billion. Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.68 EPS. As a group, equities research analysts anticipate that Starbucks Co. will post 2.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

SBUX has been the subject of a number of research analyst reports. TD Securities reaffirmed a “hold” rating and issued a $90.00 target price on shares of Starbucks in a report on Thursday, May 29th. Cowen cut shares of Starbucks from a “buy” rating to a “hold” rating in a research note on Thursday, May 29th. Barclays dropped their price objective on shares of Starbucks from $106.00 to $98.00 and set an “overweight” rating for the company in a research note on Wednesday, April 30th. TD Cowen reissued a “hold” rating and set a $90.00 price objective on shares of Starbucks in a research note on Thursday, May 29th. Finally, Baird R W cut shares of Starbucks from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 7th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $97.92.

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.