Tocqueville Asset Management L.P. Has $5.30 Million Holdings in Starbucks Co. (NASDAQ:SBUX)

Tocqueville Asset Management L.P. trimmed its position in shares of Starbucks Co. (NASDAQ:SBUX) by 1.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,116 shares of the coffee company’s stock after selling 855 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in Starbucks were worth $5,303,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of SBUX. Terra Alpha Investments LLC bought a new position in shares of Starbucks in the fourth quarter valued at $3,160,000. Parallel Advisors LLC lifted its position in Starbucks by 2.6% in the 4th quarter. Parallel Advisors LLC now owns 33,405 shares of the coffee company’s stock valued at $3,048,000 after acquiring an additional 843 shares in the last quarter. Cibc World Markets Corp boosted its stake in Starbucks by 14.2% during the 4th quarter. Cibc World Markets Corp now owns 203,925 shares of the coffee company’s stock valued at $18,608,000 after purchasing an additional 25,304 shares during the last quarter. SlateStone Wealth LLC boosted its stake in Starbucks by 1.3% during the 4th quarter. SlateStone Wealth LLC now owns 58,634 shares of the coffee company’s stock valued at $5,350,000 after purchasing an additional 779 shares during the last quarter. Finally, First National Advisers LLC raised its stake in shares of Starbucks by 4.8% in the fourth quarter. First National Advisers LLC now owns 8,363 shares of the coffee company’s stock worth $763,000 after purchasing an additional 385 shares during the last quarter. 72.29% of the stock is currently owned by institutional investors.

Starbucks Stock Performance

Shares of SBUX opened at $98.28 on Wednesday. The stock has a market capitalization of $111.64 billion, a price-to-earnings ratio of 31.70, a price-to-earnings-growth 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 stock’s 50-day simple moving average is $105.05 and its 200 day simple moving average is $99.30.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates 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 period last year, the company earned $0.90 earnings per share. On average, research analysts forecast that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on SBUX shares. UBS Group lifted their target price on Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. BMO Capital Markets lifted their price objective on shares of Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Barclays increased their target price on shares of Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Wells Fargo & Company boosted their price target on shares of Starbucks from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $115.00 price objective on shares of Starbucks in a research note on Friday, January 24th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $106.12.

About Starbucks

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.