Starbucks Co. (SBUX) Holdings Trimmed by TIAA CREF Investment Management LLC

TIAA CREF Investment Management LLC lowered its position in shares of Starbucks Co. (NASDAQ:SBUX) by 1.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 9,677,050 shares of the coffee company’s stock after selling 190,958 shares during the period. TIAA CREF Investment Management LLC’s holdings in Starbucks were worth $555,753,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SBUX. Taylor Hoffman Wealth Management purchased a new position in shares of Starbucks during the fourth quarter valued at $107,000. Sumitomo Mitsui Financial Group Inc. purchased a new position in Starbucks in the third quarter valued at about $111,000. Prime Capital Investment Advisors LLC purchased a new position in Starbucks in the fourth quarter valued at about $113,000. Gradient Investments LLC purchased a new position in Starbucks in the fourth quarter valued at about $117,000. Finally, Horan Capital Advisors LLC. purchased a new position in Starbucks in the third quarter valued at about $131,000. Hedge funds and other institutional investors own 73.52% of the company’s stock.

Starbucks stock opened at $59.43 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.01 and a quick ratio of 0.81. Starbucks Co. has a 52 week low of $52.58 and a 52 week high of $64.87. The stock has a market cap of $83,506.70, a P/E ratio of 28.85, a PEG ratio of 1.65 and a beta of 0.64.



Starbucks (NASDAQ:SBUX) last released its earnings results on Thursday, January 25th. The coffee company reported $0.58 EPS for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.01. Starbucks had a return on equity of 56.35% and a net margin of 19.28%. The firm had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $6.19 billion. During the same quarter in the previous year, the company posted $0.52 earnings per share. The company’s revenue was up 5.9% compared to the same quarter last year. equities analysts anticipate that Starbucks Co. will post 2.49 EPS for the current fiscal year.

In related news, Director Myron E. Ullman III sold 25,000 shares of Starbucks stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $54.52, for a total transaction of $1,363,000.00. Following the completion of the sale, the director now owns 39,000 shares of the company’s stock, valued at $2,126,280. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Craig Weatherup sold 59,838 shares of Starbucks stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $60.10, for a total value of $3,596,263.80. Following the sale, the director now directly owns 26,500 shares of the company’s stock, valued at approximately $1,592,650. The disclosure for this sale can be found here. Insiders have sold 247,664 shares of company stock valued at $14,243,602 in the last ninety days. Corporate insiders own 3.40% of the company’s stock.

Several equities analysts have issued reports on the company. Wedbush reiterated a “buy” rating and issued a $70.00 target price on shares of Starbucks in a research note on Monday, January 22nd. They noted that the move was a valuation call. Oppenheimer reiterated a “buy” rating and issued a $66.00 target price on shares of Starbucks in a research note on Friday, January 19th. Telsey Advisory Group reiterated an “outperform” rating and issued a $70.00 target price (up previously from $66.00) on shares of Starbucks in a research note on Friday, January 19th. Barclays reiterated an “equal weight” rating and issued a $65.00 target price (up previously from $58.00) on shares of Starbucks in a research note on Tuesday, January 16th. Finally, Goldman Sachs lowered Starbucks from a “conviction-buy” rating to a “buy” rating and cut their target price for the company from $73.00 to $68.00 in a research note on Friday, January 26th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. Starbucks currently has a consensus rating of “Buy” and a consensus target price of $64.05.

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About Starbucks

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink coffee and tea products, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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