XML Financial LLC Sells 443 Shares of Starbucks Corporation $SBUX

XML Financial LLC decreased its holdings in shares of Starbucks Corporation (NASDAQ:SBUX) by 9.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 4,298 shares of the coffee company’s stock after selling 443 shares during the period. XML Financial LLC’s holdings in Starbucks were worth $394,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Hughes Financial Services LLC acquired a new position in shares of Starbucks in the 1st quarter valued at $27,000. CBIZ Investment Advisory Services LLC grew its holdings in shares of Starbucks by 125.2% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 286 shares of the coffee company’s stock valued at $28,000 after buying an additional 159 shares during the period. McClarren Financial Advisors Inc. acquired a new position in shares of Starbucks in the 1st quarter valued at $29,000. Nova Wealth Management Inc. grew its holdings in shares of Starbucks by 285.4% in the 1st quarter. Nova Wealth Management Inc. now owns 316 shares of the coffee company’s stock valued at $31,000 after buying an additional 234 shares during the period. Finally, Activest Wealth Management grew its holdings in shares of Starbucks by 78.0% in the 1st quarter. Activest Wealth Management now owns 331 shares of the coffee company’s stock valued at $32,000 after buying an additional 145 shares during the period. Institutional investors own 72.29% of the company’s stock.

Starbucks Price Performance

Shares of NASDAQ:SBUX opened at $84.60 on Wednesday. The company’s 50-day moving average price is $88.09 and its two-hundred day moving average price is $88.80. Starbucks Corporation has a one year low of $75.50 and a one year high of $117.46. The stock has a market capitalization of $96.16 billion, a PE ratio of 36.47, a price-to-earnings-growth ratio of 5.15 and a beta of 1.00.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Tuesday, July 29th. The coffee company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.14). Starbucks had a negative return on equity of 36.23% and a net margin of 7.18%.The business had revenue of $9.46 billion for the quarter, compared to the consensus estimate of $9.29 billion. During the same period last year, the firm earned $0.93 earnings per share. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, analysts anticipate that Starbucks Corporation will post 2.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SBUX has been the subject of several research analyst reports. The Goldman Sachs Group reissued a “neutral” rating and issued a $95.00 price target (up previously from $85.00) on shares of Starbucks in a report on Thursday, June 12th. Cowen reaffirmed a “hold” rating on shares of Starbucks in a research note on Tuesday, June 24th. Guggenheim upped their target price on shares of Starbucks from $79.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, July 31st. Baird R W raised shares of Starbucks from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 12th. Finally, Robert W. Baird raised shares of Starbucks from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $100.00 to $115.00 in a research note on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $104.00.

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.