ORG Partners LLC Boosts Holdings in Starbucks Corporation (NASDAQ:SBUX)

ORG Partners LLC boosted its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 12.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,089 shares of the coffee company’s stock after buying an additional 225 shares during the quarter. ORG Partners LLC’s holdings in Starbucks were worth $205,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of SBUX. Arizona State Retirement System boosted its stake in shares of Starbucks by 0.8% during the fourth quarter. Arizona State Retirement System now owns 327,459 shares of the coffee company’s stock valued at $29,881,000 after purchasing an additional 2,722 shares during the period. West Michigan Advisors LLC purchased a new stake in shares of Starbucks during the fourth quarter valued at $265,000. Wernau Asset Management Inc. purchased a new stake in shares of Starbucks during the fourth quarter valued at $258,000. Vanguard Capital Wealth Advisors purchased a new stake in shares of Starbucks during the fourth quarter valued at $285,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Starbucks during the fourth quarter valued at $9,497,000. 72.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on SBUX shares. TD Securities restated a “hold” rating and issued a $90.00 price objective on shares of Starbucks in a report on Wednesday, June 11th. Guggenheim reduced their target price on shares of Starbucks from $95.00 to $83.00 and set a “neutral” rating for the company in a report on Tuesday, April 29th. UBS Group reduced their target price on shares of Starbucks from $105.00 to $90.00 and set a “neutral” rating for the company in a report on Monday, April 28th. Argus upgraded shares of Starbucks from a “hold” rating to a “buy” rating and set a $115.00 price objective on the stock in a report on Tuesday, March 18th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $95.00 price objective (up previously from $85.00) on shares of Starbucks in a report on Thursday, June 12th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $98.96.

Starbucks Price Performance

Shares of NASDAQ:SBUX opened at $93.12 on Friday. Starbucks Corporation has a 1 year low of $71.55 and a 1 year high of $117.46. The firm has a market capitalization of $105.82 billion, a price-to-earnings ratio of 33.74, a price-to-earnings-growth ratio of 4.74 and a beta of 1.00. The business’s 50 day moving average price is $85.88 and its 200-day moving average price is $94.57.

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

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.