TD Private Client Wealth LLC Has $3.10 Million Position in Starbucks Corporation (NASDAQ:SBUX)

TD Private Client Wealth LLC boosted its position in Starbucks Corporation (NASDAQ:SBUX - Free Report) by 12.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Starbucks during the fourth quarter worth about $25,000. Graney & King LLC purchased a new stake in shares of Starbucks during the fourth quarter worth about $26,000. Runnymede Capital Advisors Inc. purchased a new stake in shares of Starbucks during the fourth quarter worth about $27,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Starbucks during the fourth quarter worth about $32,000. Finally, Ball & Co Wealth Management Inc. purchased a new stake in shares of Starbucks during the fourth quarter worth about $41,000. Institutional investors and hedge funds own 72.29% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on SBUX shares. BMO Capital Markets dropped their target price on Starbucks from $115.00 to $100.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Stifel Nicolaus lowered their price objective on Starbucks from $103.00 to $92.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Royal Bank Of Canada boosted their price objective on Starbucks from $95.00 to $100.00 and gave the company an "outperform" rating in a report on Wednesday, June 11th. Jefferies Financial Group raised Starbucks from an "underperform" rating to a "hold" rating and set a $76.00 price objective for the company in a report on Wednesday, April 9th. Finally, JPMorgan Chase & Co. lowered their price objective on Starbucks from $105.00 to $100.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, Starbucks presently has an average rating of "Hold" and a consensus price target of $98.23.

Starbucks Stock Up 0.1%

SBUX traded up $0.06 during trading on Thursday, reaching $95.31. The stock had a trading volume of 4,711,658 shares, compared to its average volume of 10,867,426. The firm has a market capitalization of $108.31 billion, a price-to-earnings ratio of 34.54, a price-to-earnings-growth ratio of 4.86 and a beta of 1.02. Starbucks Corporation has a 1-year low of $71.55 and a 1-year high of $117.46. The stock has a 50 day moving average of $88.63 and a two-hundred day moving average of $94.40.

Starbucks (NASDAQ:SBUX - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The coffee company reported $0.41 EPS 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 analyst estimates of $8.90 billion. During the same quarter last year, the company posted $0.68 EPS. Starbucks's revenue was up 2.3% on a year-over-year basis. On average, research analysts forecast that Starbucks Corporation will post 2.99 EPS for the current fiscal 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.