Whittier Trust Co. Has $6.80 Million Stock Position in Starbucks Co. (NASDAQ:SBUX)

Whittier Trust Co. raised its holdings in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 4.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,531 shares of the coffee company's stock after purchasing an additional 2,962 shares during the quarter. Whittier Trust Co.'s holdings in Starbucks were worth $6,801,000 at the end of the most recent reporting period.

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

Starbucks Stock Performance

Shares of Starbucks stock traded up $0.16 during midday trading on Tuesday, hitting $95.88. 6,978,613 shares of the company traded hands, compared to its average volume of 10,606,525. The firm's fifty day moving average price is $105.45 and its 200-day moving average price is $99.44. The stock has a market cap of $108.91 billion, a price-to-earnings ratio of 30.93, a PEG ratio of 3.59 and a beta of 0.99. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $117.46.

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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, topping analysts' consensus estimates 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 in the previous year, the firm earned $0.90 EPS. Equities research analysts forecast that Starbucks Co. will post 2.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SBUX has been the subject of several recent research reports. Wells Fargo & Company boosted their price target on Starbucks from $115.00 to $125.00 and gave the company an "overweight" rating in a research note on Tuesday, February 25th. Royal Bank of Canada reissued an "outperform" rating and issued a $115.00 target price on shares of Starbucks in a research report on Friday, January 24th. Argus raised shares of Starbucks from a "hold" rating to a "buy" rating and set a $115.00 price target on the stock in a research report on Tuesday, March 18th. UBS Group boosted their price objective on shares of Starbucks from $98.00 to $105.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Finally, Wedbush raised their target price on shares of Starbucks from $95.00 to $100.00 and gave the stock a "neutral" rating in a 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 given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Starbucks currently has a consensus rating of "Moderate Buy" and an average price target of $106.12.

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.