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

TIAA Trust National Association raised its position in Starbucks Co. (NASDAQ:SBUX) by 0.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,977 shares of the coffee company’s stock after acquiring 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 hedge funds and other institutional investors have also recently modified their holdings of SBUX. Strategic Financial Concepts LLC bought a new position in Starbucks during the 4th quarter valued at approximately $62,000. Arizona State Retirement System raised its holdings in shares of Starbucks by 0.8% during the fourth quarter. Arizona State Retirement System now owns 327,459 shares of the coffee company’s stock valued at $29,881,000 after acquiring an additional 2,722 shares in the last quarter. West Michigan Advisors LLC bought a new position in shares of Starbucks during the fourth quarter valued at approximately $265,000. Wernau Asset Management Inc. bought a new stake in Starbucks in the fourth quarter valued at $258,000. Finally, Investment Management Corp of Ontario increased its position in Starbucks by 48.6% during the 3rd quarter. Investment Management Corp of Ontario now owns 37,584 shares of the coffee company’s stock valued at $3,664,000 after purchasing an additional 12,300 shares during the period. 72.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SBUX has been the subject of several research analyst reports. Stifel Nicolaus raised their target price on shares of Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Barclays lifted their price objective on Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. UBS Group raised their target price on Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Argus raised Starbucks from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a research note on Tuesday, March 18th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $115.00 price objective on shares of Starbucks in a research report on Friday, January 24th. 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 given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $106.12.

Starbucks Stock Up 2.2 %

Shares of Starbucks stock opened at $97.97 on Thursday. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $117.46. The company’s 50 day moving average is $105.61 and its 200 day moving average is $99.47. The company has a market cap 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 (NASDAQ:SBUX) last released its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, topping 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 in the prior year, the company posted $0.90 EPS. Sell-side analysts expect that Starbucks Co. will post 2.99 EPS for the current fiscal year.

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.