First American Trust FSB Grows Holdings in Starbucks Co. (NASDAQ:SBUX)

First American Trust FSB boosted its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 3.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 4,032 shares of the coffee company’s stock after purchasing 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 SEC.

A number of other institutional investors also recently bought and sold shares of SBUX. Financial Life Planners acquired a new position in Starbucks in the 4th quarter valued at about $25,000. Collier Financial purchased a new position in shares of Starbucks in the 4th quarter valued at approximately $27,000. Runnymede Capital Advisors Inc. acquired a new position in shares of Starbucks in the fourth quarter valued at approximately $27,000. Marshall Investment Management LLC purchased a new stake in shares of Starbucks during the fourth quarter worth approximately $30,000. Finally, Noble Wealth Management PBC acquired a new stake in shares of Starbucks during the fourth quarter worth $30,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Starbucks Price Performance

NASDAQ SBUX opened at $95.88 on Wednesday. The company has a market cap 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 12 month low of $71.55 and a 12 month high of $117.46. The company has a 50-day moving average of $105.51 and a 200-day moving average of $99.48.

Starbucks (NASDAQ:SBUX) last issued 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 business earned $0.90 earnings per share. As a group, equities research analysts anticipate that Starbucks Co. will post 2.99 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on SBUX shares. Argus upgraded shares of Starbucks from a “hold” rating to a “buy” rating and set a $115.00 price objective for the company in a research report on Tuesday, March 18th. 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 report on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and set a $115.00 target price on shares of Starbucks in a research report on Friday, January 24th. Barclays raised their price target on Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Finally, Wells Fargo & Company lifted their price target on Starbucks from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $106.12.

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.