Starbucks Co. (NASDAQ:SBUX) Shares Acquired by First American Trust FSB

First American Trust FSB lifted its position in Starbucks Co. (NASDAQ:SBUX) by 3.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,032 shares of the coffee company’s stock after acquiring an additional 119 shares during the period. First American Trust FSB’s holdings in Starbucks were worth $368,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in SBUX. Heritage Wealth Management Inc. CA lifted its holdings in Starbucks by 644.6% in the 4th quarter. Heritage Wealth Management Inc. CA now owns 3,991 shares of the coffee company’s stock valued at $364,000 after purchasing an additional 3,455 shares in the last quarter. Zions Bancorporation N.A. grew its stake in Starbucks by 8.6% during the 4th quarter. Zions Bancorporation N.A. now owns 22,699 shares of the coffee company’s stock valued at $2,071,000 after acquiring an additional 1,802 shares in the last quarter. TIAA Trust National Association raised its holdings in Starbucks by 0.4% in the 4th quarter. TIAA Trust National Association now owns 54,977 shares of the coffee company’s stock valued at $5,017,000 after acquiring an additional 222 shares during the last quarter. Ashton Thomas Securities LLC increased its holdings in shares of Starbucks by 8.2% in the fourth quarter. Ashton Thomas Securities LLC now owns 7,963 shares of the coffee company’s stock valued at $728,000 after purchasing an additional 604 shares during the last quarter. Finally, Modern Wealth Management LLC lifted its position in Starbucks by 39.8% during the fourth quarter. Modern Wealth Management LLC now owns 8,209 shares of the coffee company’s stock worth $749,000 after buying an additional 2,335 shares in the last quarter. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on SBUX shares. Wedbush boosted their target price on shares of Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. BMO Capital Markets boosted their price objective on Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Royal Bank of Canada restated an “outperform” rating and set a $115.00 target price on shares of Starbucks in a report on Friday, January 24th. Stifel Nicolaus boosted their price target on shares of Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. 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 assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $106.12.

Starbucks Stock Up 0.2 %

Shares of Starbucks stock opened at $95.88 on Wednesday. The firm has a market capitalization of $108.91 billion, a P/E ratio of 30.93, a P/E/G ratio of 3.59 and a beta of 0.99. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $117.46. The firm’s 50 day moving average is $105.51 and its two-hundred day moving average is $99.48.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS 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 company posted $0.90 EPS. As a group, research analysts expect that Starbucks Co. will post 2.99 earnings per share for the current fiscal 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.