TIAA Trust National Association Acquires 222 Shares of Starbucks Co. (NASDAQ:SBUX)

TIAA Trust National Association increased its stake in Starbucks Co. (NASDAQ:SBUX) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 54,977 shares of the coffee company’s stock after purchasing an additional 222 shares during the quarter. TIAA Trust National Association’s holdings in Starbucks were worth $5,017,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of SBUX. Strategic Financial Concepts LLC bought a new position in shares of Starbucks in the fourth quarter worth about $62,000. Arizona State Retirement System increased its holdings in Starbucks by 0.8% in the 4th quarter. Arizona State Retirement System now owns 327,459 shares of the coffee company’s stock worth $29,881,000 after acquiring an additional 2,722 shares in the last quarter. West Michigan Advisors LLC bought a new stake in Starbucks during the 4th quarter worth approximately $265,000. Wernau Asset Management Inc. purchased a new position in Starbucks during the fourth quarter valued at approximately $258,000. Finally, Investment Management Corp of Ontario boosted its position in shares of Starbucks by 48.6% in the third quarter. Investment Management Corp of Ontario now owns 37,584 shares of the coffee company’s stock worth $3,664,000 after purchasing an additional 12,300 shares during the period. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Wells Fargo & Company lifted their target price 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. Stifel Nicolaus upped their price objective on Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. UBS Group increased their target price on Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reissued an “outperform” rating and issued a $115.00 price target on shares of Starbucks in a report on Friday, January 24th. Finally, Argus raised shares of Starbucks from a “hold” rating to a “buy” rating and set a $115.00 price objective for the company in a report on Tuesday, March 18th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $106.12.

Starbucks Stock Up 2.2 %

SBUX stock opened at $97.97 on Thursday. The firm’s fifty day simple moving average is $105.61 and its two-hundred day simple moving average is $99.47. The stock has a market capitalization of $111.28 billion, a price-to-earnings ratio of 31.60, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $117.46.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data 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 period last year, the company posted $0.90 EPS. As a group, equities research analysts expect that Starbucks Co. will post 2.99 EPS for the current year.

Starbucks Company 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.