TD Private Client Wealth LLC Purchases 3,442 Shares of Starbucks Corporation (NASDAQ:SBUX)

TD Private Client Wealth LLC increased its holdings in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) by 12.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 31,640 shares of the coffee company's stock after acquiring an additional 3,442 shares during the quarter. TD Private Client Wealth LLC's holdings in Starbucks were worth $3,104,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. University of Texas Texas AM Investment Management Co. acquired a new stake in Starbucks during the fourth quarter worth approximately $25,000. Graney & King LLC bought a new position in shares of Starbucks in the fourth quarter worth $26,000. Runnymede Capital Advisors Inc. acquired a new position in Starbucks in the fourth quarter valued at about $27,000. Kapitalo Investimentos Ltda bought a new stake in shares of Starbucks during the 4th quarter worth approximately $32,000. Finally, Ball & Co Wealth Management Inc. acquired a new position in Starbucks during the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds own 72.29% of the company's stock.

Analyst Ratings Changes

SBUX has been the topic of several recent analyst reports. Baird R W lowered Starbucks from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 7th. TD Securities reissued a "hold" rating and set a $90.00 target price on shares of Starbucks in a research note on Monday, June 23rd. Royal Bank Of Canada lifted their price target on shares of Starbucks from $95.00 to $100.00 and gave the company an "outperform" rating in a report on Wednesday, June 11th. Jefferies Financial Group upgraded shares of Starbucks from an "underperform" rating to a "hold" rating and set a $76.00 target price on the stock in a research report on Wednesday, April 9th. Finally, Evercore ISI restated an "outperform" rating and set a $105.00 price objective (up previously from $95.00) on shares of Starbucks in a research report on Tuesday, June 24th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $98.23.

Starbucks Trading Up 0.3%

Starbucks stock traded up $0.31 during trading on Wednesday, hitting $95.25. 8,310,629 shares of the company were exchanged, compared to its average volume of 10,891,597. The company has a market capitalization of $108.24 billion, a P/E ratio of 34.51, a PEG ratio of 4.86 and a beta of 1.02. The business's 50 day moving average is $88.33 and its 200 day moving average is $94.40. Starbucks Corporation has a 52 week low of $71.55 and a 52 week high of $117.46.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted its earnings results on Tuesday, April 29th. The coffee company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.10). The firm had revenue of $8.76 billion for the quarter, compared to the consensus estimate of $8.90 billion. Starbucks had a negative return on equity of 42.14% and a net margin of 8.61%. Starbucks's quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.68 EPS. Equities analysts expect that Starbucks Corporation will post 2.99 EPS 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.