Haverford Trust Co Has $3.40 Million Holdings in Starbucks Co. (NASDAQ:SBUX)

Haverford Trust Co lessened its stake in Starbucks Co. (NASDAQ:SBUX - Free Report) by 6.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,303 shares of the coffee company's stock after selling 2,785 shares during the quarter. Haverford Trust Co's holdings in Starbucks were worth $3,404,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Wellington Management Group LLP grew its holdings in shares of Starbucks by 100.6% during the 3rd quarter. Wellington Management Group LLP now owns 15,149,937 shares of the coffee company's stock valued at $1,476,967,000 after acquiring an additional 7,598,146 shares in the last quarter. FMR LLC boosted its stake in Starbucks by 55.0% in the 3rd quarter. FMR LLC now owns 19,779,859 shares of the coffee company's stock valued at $1,928,339,000 after buying an additional 7,015,375 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Starbucks during the fourth quarter worth $284,283,000. Assenagon Asset Management S.A. increased its position in Starbucks by 1,491.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,808,571 shares of the coffee company's stock worth $256,282,000 after purchasing an additional 2,632,087 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Starbucks by 1,078.5% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,545,419 shares of the coffee company's stock valued at $248,153,000 after acquiring an additional 2,329,431 shares during the last quarter. Institutional investors and hedge funds own 72.29% of the company's stock.

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Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SBUX. Argus raised shares of Starbucks from a "hold" rating to a "buy" rating and set a $115.00 target price on the stock in a report on Tuesday, March 18th. Barclays lifted their target price on Starbucks from $119.00 to $124.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. BMO Capital Markets lifted their price objective on shares of Starbucks from $110.00 to $115.00 and gave the stock an "outperform" rating in a report on Wednesday, January 29th. Stifel Nicolaus lifted their target price on shares of Starbucks from $110.00 to $114.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Finally, Wells Fargo & Company increased their price target on shares of Starbucks from $115.00 to $125.00 and gave the stock an "overweight" rating in a report on Tuesday, February 25th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Starbucks has an average rating of "Moderate Buy" and an average target price of $106.12.

Starbucks Stock Performance

SBUX stock traded down $1.12 during trading on Friday, reaching $97.73. The company had a trading volume of 8,065,958 shares, compared to its average volume of 11,113,862. The firm has a 50-day simple moving average of $105.75 and a 200-day simple moving average of $99.54. The company has a market cap of $111.01 billion, a price-to-earnings ratio of 31.53, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $117.46.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.01. Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. During the same period last year, the business posted $0.90 EPS. Sell-side analysts expect that Starbucks Co. will post 2.99 earnings per share for the current 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.