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

TD Private Client Wealth LLC grew 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 SEC. The fund owned 31,640 shares of the coffee company's stock after purchasing 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.

Other institutional investors also recently modified their holdings of the company. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Starbucks during the 4th quarter valued at $25,000. Graney & King LLC acquired a new position in shares of Starbucks during the 4th quarter valued at $26,000. Runnymede Capital Advisors Inc. acquired a new position in Starbucks during the fourth quarter worth $27,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Starbucks in the fourth quarter valued at about $32,000. Finally, Ball & Co Wealth Management Inc. purchased a new stake in shares of Starbucks in the fourth quarter valued at about $41,000. 72.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SBUX. Wall Street Zen lowered shares of Starbucks from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. UBS Group cut their target price on shares of Starbucks from $105.00 to $90.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. TD Cowen restated a "hold" rating and issued a $90.00 price objective on shares of Starbucks in a research report on Thursday, May 29th. BMO Capital Markets lowered their target price on shares of Starbucks from $115.00 to $100.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Finally, TD Securities reiterated a "hold" rating and set a $90.00 price target on shares of Starbucks in a report on Monday, June 23rd. Three research 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 target price of $98.73.

Starbucks Stock Down 0.2%

SBUX stock traded down $0.21 during midday trading on Friday, hitting $94.94. The company's stock had a trading volume of 6,339,055 shares, compared to its average volume of 10,850,827. The firm has a market capitalization of $107.89 billion, a price-to-earnings ratio of 34.40, a price-to-earnings-growth ratio of 4.87 and a beta of 1.02. Starbucks Corporation has a 12 month low of $71.55 and a 12 month high of $117.46. The company has a 50 day moving average of $89.10 and a two-hundred day moving average of $94.49.

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 analysts' consensus estimates 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 net margin of 8.61% and a negative return on equity of 42.14%. The firm's revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.68 earnings per share. On average, analysts anticipate that Starbucks Corporation will post 2.99 earnings per share for the current fiscal year.

Starbucks Company 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.