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

Whittier Trust Co. increased its holdings in Starbucks Co. (NASDAQ:SBUX) by 4.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,531 shares of the coffee company’s stock after purchasing an additional 2,962 shares during the period. Whittier Trust Co.’s holdings in Starbucks were worth $6,801,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Financial Life Planners bought a new stake in Starbucks in the fourth quarter worth $25,000. Collier Financial bought a new stake in Starbucks in the fourth quarter worth $27,000. Marshall Investment Management LLC bought a new stake in Starbucks during the fourth quarter valued at about $30,000. Noble Wealth Management PBC bought a new stake in Starbucks during the fourth quarter valued at about $30,000. Finally, Centricity Wealth Management LLC bought a new stake in Starbucks during the fourth quarter valued at about $36,000. 72.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on SBUX. BMO Capital Markets upped their price target on shares of Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Wells Fargo & Company upped their price target on shares of Starbucks from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. UBS Group upped their price target on shares of Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Argus upgraded shares of Starbucks from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a report on Tuesday. Finally, Royal Bank of Canada restated an “outperform” rating and set a $115.00 price target on shares of Starbucks in a report on Friday, January 24th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Starbucks has an average rating of “Moderate Buy” and an average target price of $106.12.

Starbucks Trading Up 0.1 %

NASDAQ SBUX opened at $99.28 on Friday. 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. The company has a 50 day moving average of $105.31 and a 200-day moving average of $99.30. Starbucks Co. has a 1-year low of $71.55 and a 1-year 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 the consensus estimate 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 earnings per share. On average, analysts forecast that Starbucks Co. will post 2.99 earnings per share 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.