TD Private Client Wealth LLC Sells 4,514 Shares of Starbucks Co. (NASDAQ:SBUX)

TD Private Client Wealth LLC decreased its holdings in Starbucks Co. (NASDAQ:SBUX) by 13.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Financial Life Planners bought a new position in shares of Starbucks in the 4th quarter valued at $25,000. Collier Financial bought a new position in shares of Starbucks in the 4th quarter valued at $27,000. Marshall Investment Management LLC bought a new position in shares of Starbucks in the 4th quarter valued at $30,000. Noble Wealth Management PBC bought a new stake in Starbucks during the 4th quarter worth $30,000. Finally, Centricity Wealth Management LLC acquired a new position in Starbucks in the 4th quarter worth about $36,000. Institutional investors own 72.29% of the company’s stock.

Starbucks Price Performance

NASDAQ SBUX opened at $97.07 on Friday. The business has a 50 day simple moving average of $105.41 and a 200 day simple moving average of $99.32. 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 $110.26 billion, a P/E ratio of 31.31, a P/E/G ratio of 3.59 and a beta of 0.99.

Starbucks (NASDAQ:SBUX) last posted its 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 last year, the firm earned $0.90 EPS. Equities analysts expect that Starbucks Co. will post 2.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on SBUX shares. Wells Fargo & Company upped their target price on Starbucks from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Stifel Nicolaus upped their target price on Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $115.00 target price on shares of Starbucks in a report on Friday, January 24th. UBS Group upped 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. Finally, Argus raised Starbucks from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a report on Tuesday. Three 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 given a strong buy rating to the company. According to MarketBeat.com, Starbucks presently has an average 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.