Cornell Pochily Investment Advisors Inc. Sells 234 Shares of Starbucks Co. (NASDAQ:SBUX)

Cornell Pochily Investment Advisors Inc. lowered its position in Starbucks Co. (NASDAQ:SBUX) by 2.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,979 shares of the coffee company’s stock after selling 234 shares during the period. Cornell Pochily Investment Advisors Inc.’s holdings in Starbucks were worth $881,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Ritholtz Wealth Management grew its holdings in Starbucks by 39.0% during the first quarter. Ritholtz Wealth Management now owns 17,452 shares of the coffee company’s stock valued at $1,712,000 after purchasing an additional 4,898 shares during the period. Dynamic Advisor Solutions LLC purchased a new position in shares of Starbucks in the first quarter valued at about $819,000. Missouri Trust & Investment Co lifted its position in shares of Starbucks by 49.7% in the first quarter. Missouri Trust & Investment Co now owns 524 shares of the coffee company’s stock valued at $51,000 after acquiring an additional 174 shares in the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of Starbucks in the first quarter valued at about $208,000. Finally, Hennessy Advisors Inc. lifted its position in shares of Starbucks by 8.3% in the first quarter. Hennessy Advisors Inc. now owns 57,500 shares of the coffee company’s stock worth $5,640,000 after buying an additional 4,400 shares in the last quarter. Institutional investors own 72.29% of the company’s stock.

Starbucks Stock Down 1.1%

Shares of NASDAQ:SBUX opened at $93.26 on Friday. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $117.46. The stock has a market cap of $105.98 billion, a P/E ratio of 30.08, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. The business’s 50 day moving average is $85.17 and its 200 day moving average is $94.88.

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 the consensus estimate of $0.51 by ($0.10). The company had revenue of $8.76 billion for the quarter, compared to the consensus estimate of $8.90 billion. Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. The firm’s revenue was up 2.3% compared to the same quarter last year. During the same period last year, the business posted $0.68 EPS. On average, sell-side analysts anticipate that Starbucks Co. will post 2.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SBUX has been the topic of a number of research analyst reports. Guggenheim decreased their target price on Starbucks from $95.00 to $83.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 29th. Baird R W downgraded Starbucks from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 7th. Stifel Nicolaus decreased their price objective on Starbucks from $103.00 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday, April 30th. BMO Capital Markets decreased their price objective on Starbucks from $115.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 30th. Finally, Wells Fargo & Company decreased their price objective on Starbucks from $125.00 to $100.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Starbucks has an average rating of “Hold” and a consensus target price of $98.96.

Starbucks 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.