Trust Co. of Vermont Has $9.70 Million Position in Starbucks Corporation $SBUX

Trust Co. of Vermont cut its stake in shares of Starbucks Corporation (NASDAQ:SBUX) by 2.3% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 105,830 shares of the coffee company’s stock after selling 2,446 shares during the quarter. Trust Co. of Vermont’s holdings in Starbucks were worth $9,697,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Hughes Financial Services LLC acquired a new position in shares of Starbucks in the 1st quarter valued at about $27,000. CBIZ Investment Advisory Services LLC lifted its stake in shares of Starbucks by 125.2% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 286 shares of the coffee company’s stock valued at $28,000 after purchasing an additional 159 shares during the period. McClarren Financial Advisors Inc. acquired a new position in shares of Starbucks in the 1st quarter valued at about $29,000. Nova Wealth Management Inc. lifted its stake in shares of Starbucks by 285.4% in the 1st quarter. Nova Wealth Management Inc. now owns 316 shares of the coffee company’s stock valued at $31,000 after purchasing an additional 234 shares during the period. Finally, Activest Wealth Management lifted its stake in shares of Starbucks by 78.0% in the 1st quarter. Activest Wealth Management now owns 331 shares of the coffee company’s stock valued at $32,000 after purchasing an additional 145 shares during the period. 72.29% of the stock is owned by institutional investors and hedge funds.

Starbucks Price Performance

Shares of Starbucks stock opened at $84.60 on Wednesday. Starbucks Corporation has a one year low of $75.50 and a one year high of $117.46. The firm has a market capitalization of $96.16 billion, a price-to-earnings ratio of 36.47, a PEG ratio of 5.15 and a beta of 1.00. The business has a 50-day simple moving average of $88.09 and a 200 day simple moving average of $88.80.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Tuesday, July 29th. The coffee company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.14). The firm had revenue of $9.46 billion during the quarter, compared to the consensus estimate of $9.29 billion. Starbucks had a net margin of 7.18% and a negative return on equity of 36.23%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.93 earnings per share. On average, sell-side analysts expect that Starbucks Corporation will post 2.99 EPS for the current year.

Analyst Upgrades and Downgrades

SBUX has been the topic of a number of recent analyst reports. TD Cowen reissued a “hold” rating and issued a $95.00 price objective on shares of Starbucks in a research note on Thursday, September 25th. Guggenheim boosted their price objective on Starbucks from $79.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, July 31st. BTIG Research set a $105.00 price objective on Starbucks in a research note on Thursday, September 25th. Loop Capital set a $165.00 price objective on Starbucks in a research note on Tuesday, August 12th. Finally, UBS Group boosted their target price on Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $104.00.

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.