TD Private Client Wealth LLC Raises Stock Holdings in Starbucks Corporation (NASDAQ:SBUX)

TD Private Client Wealth LLC increased its position in Starbucks Corporation (NASDAQ:SBUX - Free Report) by 12.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,640 shares of the coffee company's stock after purchasing an additional 3,442 shares during the period. TD Private Client Wealth LLC's holdings in Starbucks were worth $3,104,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. TrinityPoint Wealth LLC lifted its stake in Starbucks by 2.7% during the 4th quarter. TrinityPoint Wealth LLC now owns 3,421 shares of the coffee company's stock valued at $312,000 after acquiring an additional 89 shares in the last quarter. Pioneer Trust Bank N A OR lifted its stake in Starbucks by 0.8% during the 4th quarter. Pioneer Trust Bank N A OR now owns 11,312 shares of the coffee company's stock valued at $1,032,000 after acquiring an additional 92 shares in the last quarter. Wintrust Investments LLC lifted its stake in Starbucks by 7.1% during the 4th quarter. Wintrust Investments LLC now owns 1,411 shares of the coffee company's stock valued at $128,000 after acquiring an additional 94 shares in the last quarter. Foster Dykema Cabot & Partners LLC lifted its stake in Starbucks by 10.6% during the 4th quarter. Foster Dykema Cabot & Partners LLC now owns 1,014 shares of the coffee company's stock valued at $93,000 after acquiring an additional 97 shares in the last quarter. Finally, Gamco Investors INC. ET AL lifted its stake in Starbucks by 3.5% during the 4th quarter. Gamco Investors INC. ET AL now owns 2,860 shares of the coffee company's stock valued at $261,000 after acquiring an additional 97 shares in the last quarter. 72.29% of the stock is currently owned by institutional investors.

Starbucks Price Performance

SBUX stock traded up $1.30 during mid-day trading on Tuesday, reaching $94.94. 6,982,904 shares of the company traded hands, compared to its average volume of 10,897,560. The company has a market capitalization of $107.89 billion, a P/E ratio of 34.40, a P/E/G ratio of 4.84 and a beta of 1.02. Starbucks Corporation has a 52-week low of $71.55 and a 52-week high of $117.46. The company has a fifty day moving average price of $88.13 and a 200-day moving average price of $94.39.

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

Analyst Ratings Changes

Several brokerages have weighed in on SBUX. Royal Bank Of Canada raised their price objective on Starbucks from $95.00 to $100.00 and gave the company an "outperform" rating in a research note on Wednesday, June 11th. CICC Research started coverage on Starbucks in a research note on Monday, June 30th. They set an "outperform" rating and a $100.00 price objective on the stock. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $95.00 target price (up from $85.00) on shares of Starbucks in a research report on Thursday, June 12th. Stifel Nicolaus decreased their target price on Starbucks from $103.00 to $92.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Finally, Wall Street Zen lowered Starbucks from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $98.23.

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.