Steigerwald Gordon & Koch Inc. Has $221,000 Stock Holdings in Starbucks Corporation $SBUX

Steigerwald Gordon & Koch Inc. cut its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 22.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,413 shares of the coffee company’s stock after selling 688 shares during the period. Steigerwald Gordon & Koch Inc.’s holdings in Starbucks were worth $221,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Starbucks by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 112,059,570 shares of the coffee company’s stock valued at $10,991,923,000 after buying an additional 953,361 shares during the last quarter. Wellington Management Group LLP grew its stake in Starbucks by 22.3% in the 1st quarter. Wellington Management Group LLP now owns 19,414,472 shares of the coffee company’s stock valued at $1,904,366,000 after buying an additional 3,545,655 shares during the last quarter. Nuveen LLC acquired a new position in Starbucks in the 1st quarter valued at about $1,379,619,000. Goldman Sachs Group Inc. grew its stake in Starbucks by 59.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,623,282 shares of the coffee company’s stock valued at $943,948,000 after buying an additional 3,589,537 shares during the last quarter. Finally, Jennison Associates LLC acquired a new position in Starbucks in the 1st quarter valued at about $817,759,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Wells Fargo & Company upped their price target on shares of Starbucks from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Wednesday, July 30th. Citigroup decreased their price target on shares of Starbucks from $100.00 to $99.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 30th. Guggenheim upped their price target on shares of Starbucks from $79.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, July 31st. Robert W. Baird upgraded shares of Starbucks from a “neutral” rating to an “outperform” rating and upped their price target for the company from $100.00 to $115.00 in a research note on Tuesday, August 12th. Finally, Morgan Stanley restated an “overweight” rating and set a $103.00 target price (up previously from $95.00) on shares of Starbucks in a research report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $104.40.

Starbucks Price Performance

Shares of NASDAQ:SBUX opened at $85.29 on Tuesday. The company has a market cap of $96.95 billion, a price-to-earnings ratio of 36.76, a PEG ratio of 5.05 and a beta of 1.00. The firm has a 50 day simple moving average of $89.17 and a 200 day simple moving average of $89.33. Starbucks Corporation has a one year low of $75.50 and a one year high of $117.46.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Tuesday, July 29th. The coffee company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.14). The company had revenue of $9.46 billion during the quarter, compared to the consensus estimate of $9.29 billion. Starbucks had a net margin of 7.18% and a negative return on equity of 36.23%. Starbucks’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.93 EPS. As a group, analysts expect that Starbucks Corporation will post 2.99 EPS for the current year.

Starbucks Company 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.