Starbucks Corporation (NASDAQ:SBUX) Shares Sold by Kintegral Advisory LLC

Kintegral Advisory LLC lowered its stake in shares of Starbucks Corporation (NASDAQ:SBUX) by 32.9% in the first quarter, HoldingsChannel.com reports. The firm owned 17,053 shares of the coffee company’s stock after selling 8,365 shares during the period. Kintegral Advisory LLC’s holdings in Starbucks were worth $1,673,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Capital Wealth Advisors purchased a new stake in shares of Starbucks in the 4th quarter valued at $285,000. OFI Invest Asset Management purchased a new position in Starbucks during the 4th quarter valued at about $9,497,000. Czech National Bank grew its position in Starbucks by 6.2% in the 1st quarter. Czech National Bank now owns 260,898 shares of the coffee company’s stock valued at $25,591,000 after acquiring an additional 15,132 shares in the last quarter. Treasurer of the State of North Carolina increased its stake in Starbucks by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 498,511 shares of the coffee company’s stock worth $45,489,000 after purchasing an additional 3,130 shares during the period. Finally, Markel Group Inc. increased its stake in Starbucks by 2.8% during the fourth quarter. Markel Group Inc. now owns 617,318 shares of the coffee company’s stock worth $56,330,000 after purchasing an additional 17,000 shares during the period. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Stock Up 0.3%

SBUX opened at $94.44 on Friday. Starbucks Corporation has a 52 week low of $71.55 and a 52 week high of $117.46. The business’s 50 day moving average is $87.72 and its two-hundred day moving average is $94.27. The firm has a market cap of $107.32 billion, a price-to-earnings ratio of 34.22, a price-to-earnings-growth ratio of 4.82 and a beta of 1.02.

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

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SBUX. TD Cowen reiterated a “hold” rating and set a $90.00 target price on shares of Starbucks in a report on Thursday, May 29th. UBS Group cut their price objective on Starbucks from $105.00 to $90.00 and set a “neutral” rating on the stock in a research report on Monday, April 28th. Argus upgraded Starbucks from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a report on Tuesday, March 18th. Wall Street Zen cut Starbucks from a “hold” rating to a “sell” rating in a research note on Thursday, May 22nd. Finally, Jefferies Financial Group upgraded Starbucks from an “underperform” rating to a “hold” rating and set a $76.00 price target on the stock in a report on Wednesday, April 9th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $98.23.

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.