TD Asset Management Inc. Has $190.26 Million Position in Starbucks Co. (NASDAQ:SBUX)

TD Asset Management Inc. lessened its holdings in Starbucks Co. (NASDAQ:SBUX - Free Report) by 4.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,085,027 shares of the coffee company's stock after selling 103,770 shares during the period. TD Asset Management Inc. owned 0.18% of Starbucks worth $190,259,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of SBUX. Strategic Financial Concepts LLC acquired a new stake in shares of Starbucks in the fourth quarter worth $62,000. Arizona State Retirement System raised its holdings in Starbucks by 0.8% in the 4th quarter. Arizona State Retirement System now owns 327,459 shares of the coffee company's stock worth $29,881,000 after acquiring an additional 2,722 shares during the period. West Michigan Advisors LLC bought a new stake in Starbucks during the fourth quarter valued at about $265,000. Wernau Asset Management Inc. bought a new position in shares of Starbucks in the fourth quarter worth about $258,000. Finally, Investment Management Corp of Ontario increased its position in Starbucks by 48.6% in the 3rd quarter. Investment Management Corp of Ontario now owns 37,584 shares of the coffee company's stock worth $3,664,000 after buying an additional 12,300 shares during the period. 72.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on SBUX shares. Barclays boosted their price target on shares of Starbucks from $119.00 to $124.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. UBS Group increased their target price on Starbucks from $98.00 to $105.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $115.00 price target on shares of Starbucks in a report on Friday, January 24th. Argus upgraded shares of Starbucks from a "hold" rating to a "buy" rating and set a $115.00 price objective for the company in a research report on Tuesday, March 18th. Finally, Wedbush upped their target price on shares of Starbucks from $95.00 to $100.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $106.12.

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Starbucks Trading Down 1.1 %

NASDAQ:SBUX traded down $1.12 on Friday, hitting $97.73. The company's stock had a trading volume of 8,065,958 shares, compared to its average volume of 11,113,862. Starbucks Co. has a one year low of $71.55 and a one year high of $117.46. The firm has a market capitalization of $111.01 billion, a P/E ratio of 31.53, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99. The stock has a fifty day moving average of $105.75 and a two-hundred day moving average of $99.54.

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