Trust Co. of Vermont Sells 9,414 Shares of Starbucks Corporation (NASDAQ:SBUX)

Trust Co. of Vermont lowered its holdings in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) by 8.0% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 108,276 shares of the coffee company's stock after selling 9,414 shares during the period. Trust Co. of Vermont's holdings in Starbucks were worth $10,621,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of SBUX. University of Texas Texas AM Investment Management Co. acquired a new stake in Starbucks during the 4th quarter valued at $25,000. Graney & King LLC acquired a new position in shares of Starbucks in the fourth quarter valued at approximately $26,000. Runnymede Capital Advisors Inc. bought a new position in shares of Starbucks during the fourth quarter worth approximately $27,000. Noble Wealth Management PBC acquired a new stake in Starbucks during the 4th quarter worth approximately $30,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in Starbucks during the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 72.29% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SBUX. Evercore ISI reiterated 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. TD Cowen reiterated a "hold" rating and issued a $90.00 price target on shares of Starbucks in a research report on Thursday, May 29th. UBS Group reduced their price target on Starbucks from $105.00 to $90.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. The Goldman Sachs Group reiterated 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. Finally, Stifel Nicolaus cut their price objective on shares of Starbucks from $103.00 to $92.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, Starbucks presently has a consensus rating of "Hold" and an average target price of $98.76.

Starbucks Stock Performance

NASDAQ:SBUX opened at $91.84 on Friday. Starbucks Corporation has a 52 week low of $71.55 and a 52 week high of $117.46. The firm's fifty day moving average is $86.59 and its 200-day moving average is $94.39. The firm has a market cap of $104.37 billion, a P/E ratio of 33.28, a P/E/G ratio of 4.65 and a beta of 1.00.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The coffee company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.10). Starbucks had a negative return on equity of 42.14% and a net margin of 8.61%. The business had revenue of $8.76 billion during the quarter, compared to the consensus estimate of $8.90 billion. During the same period last year, the business posted $0.68 earnings per share. The business's revenue was up 2.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Starbucks Corporation will post 2.99 earnings per share 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.

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