Whittier Trust Co. Buys 2,962 Shares of Starbucks Co. (NASDAQ:SBUX)

Whittier Trust Co. increased its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 4.1% during the 4th quarter, according to its most recent Form 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 quarter.

Several other hedge funds have also modified their holdings of SBUX. Financial Life Planners bought a new stake in shares of Starbucks during the fourth quarter valued at approximately $25,000. Collier Financial bought a new stake in shares of Starbucks during the fourth quarter valued at approximately $27,000. Marshall Investment Management LLC bought a new stake in shares of Starbucks during the fourth quarter valued at approximately $30,000. Noble Wealth Management PBC bought a new stake in shares of Starbucks during the fourth quarter valued at approximately $30,000. Finally, Centricity Wealth Management LLC bought a new stake in shares of Starbucks during the fourth quarter valued at approximately $36,000. 72.29% of the stock is owned by institutional investors.

Starbucks Stock Up 0.1 %

Shares of NASDAQ:SBUX opened at $99.28 on Friday. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $117.46. The company’s fifty day simple moving average is $105.31 and its 200 day simple moving average is $99.30. The firm has a market cap of $112.77 billion, a price-to-earnings ratio of 32.03, a PEG ratio of 3.59 and a beta of 0.99.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 EPS 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 last year, the business earned $0.90 EPS. Research analysts expect that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on SBUX shares. Stifel Nicolaus increased their price target on shares of Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Wells Fargo & Company raised their price objective on shares of Starbucks from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. Wedbush raised their price objective on shares of Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Barclays raised their price objective on shares of Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Finally, UBS Group raised their price objective 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 given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $106.12.

Starbucks 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.