<div id="readability-page-1"><p>Amundi cut its position in shares of  Starbucks Corporation (NASDAQ:SBUX - Free Report) by 24.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,619,045 shares of the coffee company's stock after selling 1,151,819 shares during the period. Amundi owned approximately 0.32% of Starbucks worth $354,992,000 at the end of the most recent quarter.</p><ul><li>Analysts See Big Upside for These 3 Retail Stocks </li></ul><p>Several other hedge funds also recently added to or reduced their stakes in the company. Nuveen LLC purchased a new stake in  Starbucks in the 1st quarter worth about $1,379,619,000.  Jennison Associates LLC purchased a new stake in  Starbucks in the 1st quarter worth about $817,759,000.  Polen Capital Management LLC purchased a new stake in  Starbucks in the 1st quarter worth about $503,539,000.  Goldman Sachs Group Inc. raised its position 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 worth $943,948,000 after purchasing an additional 3,589,537 shares during the period.  Finally, Wellington Management Group LLP raised its position 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 worth $1,904,366,000 after purchasing an additional 3,545,655 shares during the period. 72.29% of the stock is currently owned by institutional investors. </p><h2>Starbucks Stock Performance</h2><p>NASDAQ:SBUX opened at $87.25 on Thursday. Starbucks Corporation has a one year low of $75.50 and a one year high of $117.46. The firm has a market cap of $99.18 billion, a P/E ratio of 37.61, a P/E/G ratio of 5.23 and a beta of 1.00. The firm has a 50-day simple moving average of $91.77 and a 200-day simple moving average of $92.19. </p><ul><li>3 Fast Food Stocks Defying the Odds</li></ul><p>Starbucks (NASDAQ:SBUX - Get Free Report) last posted 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 net margin of 7.18% and a negative return on equity of 36.23%. The business had revenue of $9.46 billion during the quarter, compared to the consensus estimate of $9.29 billion. During the same quarter in the prior year, the firm posted $0.93 EPS. The company's revenue for the quarter was up 3.8% compared to the same quarter last year.  On average, research analysts predict that  Starbucks Corporation will post 2.99 EPS for the current fiscal year. </p><h2>Starbucks Announces Dividend</h2><p>The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were issued a $0.61 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.44 annualized dividend and a dividend yield of 2.8%. Starbucks's payout ratio is currently 105.17%. </p><h2>Analyst Upgrades and Downgrades</h2><ul><li>3 Restaurant Stocks That Will Outperform in Q3 and Q4</li></ul><p>SBUX has been the topic of a number of recent analyst reports. TD Securities  reissued a &#34;hold&#34; rating and issued a $90.00 price objective on shares of Starbucks in a research report on Monday, June 23rd. Wells Fargo &amp; Company increased their price objective on shares of Starbucks from $100.00 to $105.00 and gave the stock an &#34;overweight&#34; rating in a research report on Wednesday, July 30th. Royal Bank Of Canada lifted their price objective on shares of Starbucks from $100.00 to $110.00 and gave the company an &#34;outperform&#34; rating in a report on Wednesday, July 30th. Wall Street Zen lowered shares of Starbucks from a &#34;hold&#34; rating to a &#34;sell&#34; rating in a report on Thursday, May 22nd. Finally, TD Cowen lifted their price objective on shares of Starbucks from $90.00 to $95.00 and gave the company a &#34;hold&#34; rating in a report on Wednesday, July 30th. One analyst  has rated the stock with a Strong Buy rating, fifteen have assigned  a Buy rating, eight have given a Hold rating and two have assigned  a Sell rating to the company. According to data from MarketBeat, Starbucks  has an average rating of &#34;Moderate Buy&#34; and a consensus target price of $104.40.</p><p><b>View Our Latest Analysis on SBUX</b></p><h2>About Starbucks</h2> (Free Report)<p>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.</p><h2>Read More</h2><ul><li>Five stocks we like better than Starbucks</li><li>REIT Stocks - Best REIT Stocks to Add to Your Portfolio Today</li><li>Back-to-School Shopping Hits $40B: 3 Retail Stocks to Watch Now</li><li>What Are Growth Stocks and Investing in Them </li><li>Alphabet Stock Surges After Dodging Harsh Antitrust Remedies</li><li>Stock Market Holidays 2022-2025 - Here’s When the NYSE and NASDAQ Will be Closed</li><li>Why Qualcomm Is Outperforming NVIDIA After Months of Lagging</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9U0JVWA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9U0JVWA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Starbucks Right Now?</h2><p>Before you consider Starbucks, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Starbucks wasn't on the list.</p><p>While Starbucks currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

SBUX

<p>Amundi has reduced its stake in Starbucks Corporation (NASDAQ:SBUX) by 24.1%, now holding 3,619,045 shares after selling 1,151,819 shares in Q1. Other hedge funds, including Nuveen LLC and Goldman Sachs, have increased their positions. Starbucks reported a quarterly EPS of $0.50, missing estimates, with revenue of $9.46 billion. The company declared a quarterly dividend of $0.61, with a yield of 2.8%. Analysts have mixed ratings on the stock, with an average rating of "Moderate Buy" and a target price of $104.40.</p>

Amundi Reduces Stock Position in Starbucks Corporation $SBUX