Starbucks Co. (NASDAQ:SBUX) Position Cut by TD Private Client Wealth LLC

TD Private Client Wealth LLC reduced its position in Starbucks Co. (NASDAQ:SBUX - Free Report) by 13.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 28,198 shares of the coffee company's stock after selling 4,514 shares during the period. TD Private Client Wealth LLC's holdings in Starbucks were worth $2,573,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SBUX. Financial Life Planners acquired a new stake in shares of Starbucks in the fourth quarter worth approximately $25,000. Collier Financial purchased a new position in Starbucks during the fourth quarter worth approximately $27,000. Marshall Investment Management LLC acquired a new position in shares of Starbucks in the 4th quarter valued at $30,000. Noble Wealth Management PBC purchased a new stake in shares of Starbucks during the 4th quarter valued at $30,000. Finally, Centricity Wealth Management LLC acquired a new stake in shares of Starbucks during the 4th quarter worth $36,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Barclays lifted their target price on Starbucks from $119.00 to $124.00 and gave the company an "overweight" rating in a report on Wednesday, January 29th. Argus upgraded Starbucks from a "hold" rating to a "buy" rating and set a $115.00 target price for the company in a report on Tuesday, March 18th. Wells Fargo & Company raised their price target on shares of Starbucks from $115.00 to $125.00 and gave the company an "overweight" rating in a report on Tuesday, February 25th. Wedbush boosted their price objective on shares of Starbucks from $95.00 to $100.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. Finally, UBS Group raised their target price on shares of Starbucks from $98.00 to $105.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Starbucks presently has a consensus rating of "Moderate Buy" and an average price target of $106.12.

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Starbucks Stock Performance

Shares of NASDAQ SBUX traded up $2.09 during trading on Wednesday, reaching $97.97. The stock had a trading volume of 9,559,283 shares, compared to its average volume of 10,603,872. The stock has a market cap of $111.28 billion, a PE ratio of 31.60, a P/E/G ratio of 3.59 and a beta of 0.99. Starbucks Co. has a one year low of $71.55 and a one year high of $117.46. The firm's 50 day moving average price is $105.51 and its two-hundred day moving average price is $99.48.

Starbucks (NASDAQ:SBUX - Get Free Report) last released 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 quarter last year, the business earned $0.90 earnings per share. On average, research analysts expect that Starbucks Co. 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.