Starbucks Corp (NASDAQ:SBUX).
Baird Financial Group, Inc. says it bought 52,437 shares during the last quarter increasing its holdings in Starbucks Corp by 4.6%. Its stake was worth $63,587,000 a decrease of $2,388,000 as of quarter end.
Here are a few institutional investors who have updated their positions. Greenleaf Trust augmented its holdings by buying 2,987 shares an increase of 1.9% from 06/30/2017 to 09/30/2017. Greenleaf Trust owns 157,319 shares valued at $8,450,000. The total value of its holdings decreased 6.1%. As of quarter end Tredje Ap-fonden had disposed of 7,653 shares trimming its stake by 5.8%. The value of the investment in SBUX went from $7,694,000 to $6,676,000 a change of $1,018,000 for the reporting period.
As of the end of the quarter Commonwealth Of Pennsylvania Public School Empls Retrmt SYS had bought a total of 9,844 shares growing its holdings by 9.2%. The value of the investment in (SBUX) increased from $6,273,000 to $6,307,000 a change of 0.5% quarter over quarter.
Equity analyst Morgan Stanley raised the price target on November 10 changing the forecast from $62.00 to $67.00 with a “Overweight” recommendation. On November 6, 2017 Credit Suisse Group reiterated a “Buy” rating on the stock.
Nomura lowered the price target of the stock on November 3 cutting the projection from $67.00 to $63.00 and issued a “Buy” recommendation. Robert W. Baird lowered the price target on November 3 changing the price objective from $70.00 to $66.00 with a rating of “Outperform”.
Equity analyst BMO Capital Markets lowered the price target of the stock on November 3 cutting the projection from $56.00 to $52.00 and issued a “Market Perform” rating. Equity analyst Deutsche Bank AG lowered the price target of the stock on November 3 changing the price objective from $0.00 to $62.00 and stated a “Buy” rating.
The company is trading up by 0.69% percent from yesterday’s close. The company’s P/E ratio is 28.88 and the market value is 82.33B. In the last earnings report the EPS was $1.97 with 1.43B shares currently outstanding.
Investors are feeling more bearish on shares of Starbucks Corp of late as inferred by the rise in short interest. The firm experienced a rise in short interest from September 29, 2017 to October 13, 2017 of 9.13%. Short shares increased from 24,168,964 to 26,376,065 over that timeframe. Days to cover increased 1.0 to 4.0 and the percentage of shorted shares was 0.02% on October 13.