TD Asset Management Inc Reduces Holdings in Starbucks Corporation $SBUX

TD Asset Management Inc lowered its position in Starbucks Corporation (NASDAQ:SBUX) by 23.6% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 858,719 shares of the coffee company’s stock after selling 264,639 shares during the period. TD Asset Management Inc owned 0.08% of Starbucks worth $72,648,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Nordea Investment Management AB grew its holdings in Starbucks by 3.2% in the 3rd quarter. Nordea Investment Management AB now owns 433,112 shares of the coffee company’s stock valued at $36,576,000 after buying an additional 13,262 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in shares of Starbucks by 3.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 548,768 shares of the coffee company’s stock valued at $46,426,000 after acquiring an additional 16,428 shares during the last quarter. Providence Capital Advisors LLC purchased a new stake in shares of Starbucks in the third quarter valued at about $6,099,000. Allstate Corp purchased a new stake in shares of Starbucks in the third quarter valued at about $3,491,000. Finally, Lantz Financial LLC increased its position in Starbucks by 346.6% during the third quarter. Lantz Financial LLC now owns 17,833 shares of the coffee company’s stock worth $1,509,000 after purchasing an additional 13,840 shares during the last quarter. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Starbucks Stock Performance

Shares of SBUX opened at $98.05 on Friday. Starbucks Corporation has a 1 year low of $75.50 and a 1 year high of $117.46. The stock has a market capitalization of $111.71 billion, a PE ratio of 81.03, a PEG ratio of 2.19 and a beta of 0.96. The stock has a 50-day simple moving average of $92.23 and a 200-day simple moving average of $87.69.

Starbucks (NASDAQ:SBUX) last released its earnings results on Wednesday, January 28th. The coffee company reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.03). Starbucks had a negative return on equity of 28.66% and a net margin of 3.63%.The firm had revenue of $9.92 billion for the quarter, compared to analysts’ expectations of $9.62 billion. During the same quarter in the previous year, the company posted $0.69 earnings per share. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. Analysts predict that Starbucks Corporation will post 2.99 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Royal Bank Of Canada reiterated an “outperform” rating and issued a $105.00 target price on shares of Starbucks in a report on Thursday, January 29th. BTIG Research reiterated a “buy” rating and issued a $105.00 price objective on shares of Starbucks in a report on Thursday, January 29th. Wall Street Zen raised Starbucks from a “sell” rating to a “hold” rating in a research note on Saturday, November 22nd. Citigroup reduced their target price on Starbucks from $94.00 to $92.00 and set a “neutral” rating on the stock in a research report on Monday, February 2nd. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Starbucks in a report on Monday, January 26th. Eighteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $104.31.

About Starbucks

Starbucks Corporation is a global coffeehouse chain and roaster that operates, licenses and franchises coffee shops and related retail businesses. Founded in Seattle, Washington in 1971 by Jerry Baldwin, Zev Siegl and Gordon Bowker, the company grew from a single store focused on whole-bean coffee and equipment into a broad consumer-facing brand. Howard Schultz, who joined the company later and served in senior leadership roles, is widely credited with transforming Starbucks into a mass-market specialty coffee retailer and expanding its footprint internationally.

Starbucks’ core activities center on the retail sale of hot and cold specialty beverages, whole-bean and packaged coffees, teas and ready-to-drink products, along with complementary food items and merchandise such as mugs and brewing equipment.