TD Waterhouse Canada Inc. Sells 15,424 Shares of Starbucks Co. (NASDAQ:SBUX)

TD Waterhouse Canada Inc. lowered its position in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 14.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 89,544 shares of the coffee company's stock after selling 15,424 shares during the period. TD Waterhouse Canada Inc.'s holdings in Starbucks were worth $8,171,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Starbucks by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 111,106,209 shares of the coffee company's stock valued at $10,138,442,000 after acquiring an additional 784,432 shares during the last quarter. Capital World Investors raised its stake in shares of Starbucks by 20.1% in the fourth quarter. Capital World Investors now owns 54,924,230 shares of the coffee company's stock worth $5,011,796,000 after purchasing an additional 9,174,682 shares during the last quarter. FMR LLC boosted its holdings in shares of Starbucks by 27.0% during the 4th quarter. FMR LLC now owns 25,128,649 shares of the coffee company's stock valued at $2,292,989,000 after acquiring an additional 5,348,790 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Starbucks by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 24,826,001 shares of the coffee company's stock worth $2,259,516,000 after purchasing an additional 548,245 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of Starbucks by 4.7% in the fourth quarter. Wellington Management Group LLP now owns 15,868,817 shares of the coffee company's stock worth $1,448,030,000 after acquiring an additional 718,880 shares during the period. Hedge funds and other institutional investors own 72.29% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on SBUX. Robert W. Baird reaffirmed a "neutral" rating and set a $85.00 price target (down previously from $114.00) on shares of Starbucks in a research report on Monday, April 7th. Argus raised Starbucks from a "hold" rating to a "buy" rating and set a $115.00 price objective on the stock in a research note on Tuesday, March 18th. Royal Bank of Canada reiterated an "outperform" rating and set a $115.00 price objective on shares of Starbucks in a research note on Friday, January 24th. Baird R W cut shares of Starbucks from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 7th. Finally, Barclays dropped their price target on shares of Starbucks from $124.00 to $106.00 and set an "overweight" rating for the company in a research report on Tuesday. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, Starbucks has a consensus rating of "Moderate Buy" and a consensus price target of $103.00.

Starbucks Stock Performance

SBUX stock traded up $1.05 during mid-day trading on Thursday, reaching $83.86. 6,791,606 shares of the stock traded hands, compared to its average volume of 11,507,077. Starbucks Co. has a one year low of $71.55 and a one year high of $117.46. The stock has a market capitalization of $95.26 billion, a PE ratio of 27.05, a PEG ratio of 3.59 and a beta of 1.00. The business has a 50-day moving average price of $96.81 and a two-hundred day moving average price of $97.87.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, topping the consensus estimate 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 prior year, the business earned $0.90 EPS. On average, equities analysts expect that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Friday, May 16th. Starbucks's payout ratio is presently 78.71%.

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.