Middleton & Co Has Boosted By $947,226 Its Starbucks (SBUX) Stake; Last Week SunTrust Banks, Inc. (STI) Analysts

June 20, 2018 - By Richard Conner

SunTrust Banks, Inc. (NYSE:STI) Logo

Among 35 analysts covering Suntrust Banks Inc. (NYSE:STI), 16 have Buy rating, 0 Sell and 19 Hold. Therefore 46% are positive. Suntrust Banks Inc. had 118 analyst reports since July 20, 2015 according to SRatingsIntel. The rating was downgraded by Bernstein on Tuesday, August 16 to “Market Perform”. The firm has “Buy” rating by Keefe Bruyette & Woods given on Tuesday, December 12. The rating was maintained by Jefferies on Monday, October 19 with “Hold”. Piper Jaffray maintained SunTrust Banks, Inc. (NYSE:STI) rating on Sunday, April 22. Piper Jaffray has “Buy” rating and $7500 target. The stock of SunTrust Banks, Inc. (NYSE:STI) earned “Neutral” rating by Compass Point on Wednesday, November 23. The rating was maintained by Macquarie Research on Tuesday, October 20 with “Neutral”. Barclays Capital maintained it with “Equal Weight” rating and $62 target in Tuesday, January 3 report. RBC Capital Markets maintained SunTrust Banks, Inc. (NYSE:STI) on Friday, October 20 with “Buy” rating. The rating was maintained by JP Morgan on Thursday, April 7 with “Overweight”. The rating was upgraded by Portales Partners to “Outperform” on Tuesday, June 28. See SunTrust Banks, Inc. (NYSE:STI) latest ratings:

23/04/2018 Broker: Credit Suisse Old Rating: Neutral New Rating: Neutral Old Target: $73 New Target: $74 Maintain
23/04/2018 Broker: BMO Capital Markets Old Rating: Market Perform New Rating: Market Perform Old Target: $79 New Target: $77 Maintain
23/04/2018 Broker: Stephens Rating: Hold Downgrade
22/04/2018 Broker: Jefferies Rating: Buy New Target: $77.0000 Maintain
22/04/2018 Broker: Piper Jaffray Rating: Buy New Target: $75.0000 Maintain
20/04/2018 Broker: BMO Capital Markets Rating: Hold New Target: $77.0000 Maintain
20/04/2018 Broker: Vining Sparks Rating: Buy New Target: $87.0000 Initiate
10/04/2018 Broker: Susquehanna Rating: Hold New Target: $75.0000 Maintain
04/04/2018 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $75.0000 Maintain
14/03/2018 Broker: Credit Suisse Old Rating: Underperform New Rating: Neutral Old Target: $71 New Target: $73 Maintain

Middleton & Co Inc increased Starbucks Corp (SBUX) stake by 14.68% reported in 2018Q1 SEC filing. Middleton & Co Inc acquired 16,618 shares as Starbucks Corp (SBUX)’s stock rose 1.31%. The Middleton & Co Inc holds 129,783 shares with $7.51 million value, up from 113,165 last quarter. Starbucks Corp now has $72.06 billion valuation. The stock decreased 9.07% or $5.21 during the last trading session, reaching $52.22. About 60.19M shares traded or 639.52% up from the average. Starbucks Corporation (NASDAQ:SBUX) has declined 7.92% since June 20, 2017 and is downtrending. It has underperformed by 20.49% the S&P500. Some Historical SBUX News: ; 07/05/2018 – ♫ Reuters Insider – U.S. Morning Call: Nestle to pay $7.15 bln to Starbucks to jump-start coffee business; 05/04/2018 – America’s Leading Employers and Foundations to Host Atlanta’s Largest Job Fair for Youth on May 3; 15/04/2018 – Time Out Beijing: Starbucks opens its first pet-friendly cafés in China; 24/05/2018 – UZBEKISTAN TO OPEN STARBUCKS, MCDONALD’S NEAR TASHKENT: RIA; 10/05/2018 – Moody’s Affirms Eight Classes of MSBAM 2017-C33; 16/04/2018 – Arrest of Black Men at Starbucks Was `Reprehensible,’ C.E.O. Says; 12/03/2018 – STARBUCKS – AGREEMENT PROVIDES SOUTHROCK RIGHTS TO DEVELOP AND OPERATE STARBUCKS STORES IN BRAZIL; 29/05/2018 – Some of the steps that Starbucks took as part of its anti-racial bias campaign may have been a mistake, according to this former fast-food chief executive; 26/04/2018 – SBUX: New US @Starbucks stores less profitable than expected due to rising labor costs in urban markets, according to CFO Scott Maw #StarbucksEarnings – ! $SBUX; 21/03/2018 – CNN Newsource: Starbucks says it has reached gender and race pay equity in the U.S. BU-70WE

Investors sentiment decreased to 0.93 in 2018 Q1. Its down 0.12, from 1.05 in 2017Q4. It is negative, as 61 investors sold SBUX shares while 485 reduced holdings. 118 funds opened positions while 391 raised stakes. 955.12 million shares or 2.87% less from 983.38 million shares in 2017Q4 were reported. 257,130 were reported by Corda Invest Llc. Public Sector Pension Board accumulated 162,473 shares. 894,210 were accumulated by Dekabank Deutsche Girozentrale. Cohen & Steers Inc holds 100,049 shares or 0.02% of its portfolio. Maple Inc has 1.74% invested in Starbucks Corporation (NASDAQ:SBUX). 1.46M were reported by Stifel. Cornercap Inv Counsel owns 15,611 shares or 0.13% of their US portfolio. State Of Tennessee Treasury Department owns 761,626 shares. Prentiss Smith reported 1,200 shares or 0.04% of all its holdings. 800 are owned by M&R Cap Mngmt Incorporated. Ogorek Anthony Joseph Adv holds 200 shares or 0.01% of its portfolio. Motley Fool Asset Management reported 1.69% stake. Culbertson A N & Com reported 32,889 shares. Pacific Global Investment Com accumulated 23,680 shares or 0.31% of the stock. Schmidt P J Mngmt Incorporated stated it has 58,835 shares.

More notable recent Starbucks Corporation (NASDAQ:SBUX) news were published by: Thestreet.com which released: “3 Ways to Fix Starbucks Biggest Challenges” on June 20, 2018, also Nasdaq.com with their article: “Starbucks Stores Closing: SBUX to Shutter 150 Locations in 2019” published on June 20, 2018, Benzinga.com published: “Should Investors Buy The Dip In Starbucks? These Street Analysts Are Saying No” on June 20, 2018. More interesting news about Starbucks Corporation (NASDAQ:SBUX) were released by: Thestreet.com and their article: “Why Starbucks Stock Is Being Pounded After Revealing 150 Store Closures” published on June 19, 2018 as well as Seekingalpha.com‘s news article titled: “Oppenheimer still positive on Starbucks” with publication date: June 20, 2018.

Since January 31, 2018, it had 0 buys, and 3 selling transactions for $13.62 million activity. The insider WEATHERUP CRAIG sold 59,838 shares worth $3.60 million. ULLMAN MYRON E III also sold $740,851 worth of Starbucks Corporation (NASDAQ:SBUX) shares. $9.28 million worth of stock was sold by BURROWS CLIFFORD on Wednesday, January 31.

Middleton & Co Inc decreased Lowes Cos Inc (NYSE:LOW) stake by 9,488 shares to 34,495 valued at $3.03 million in 2018Q1. It also reduced Fortive Corp stake by 8,742 shares and now owns 122,253 shares. Facebook Inc (NASDAQ:FB) was reduced too.

Among 37 analysts covering Starbucks Corporation (NASDAQ:SBUX), 23 have Buy rating, 0 Sell and 14 Hold. Therefore 62% are positive. Starbucks Corporation had 108 analyst reports since July 28, 2015 according to SRatingsIntel. BMO Capital Markets maintained Starbucks Corporation (NASDAQ:SBUX) rating on Friday, October 30. BMO Capital Markets has “Outperform” rating and $66 target. Oppenheimer maintained the stock with “Buy” rating in Friday, July 28 report. BMO Capital Markets maintained the stock with “Outperform” rating in Friday, July 28 report. On Monday, June 5 the stock rating was maintained by Robert W. Baird with “Buy”. Bernstein maintained Starbucks Corporation (NASDAQ:SBUX) on Wednesday, June 28 with “Buy” rating. The rating was maintained by Jefferies with “Buy” on Wednesday, July 19. The stock has “Outperform” rating by Wedbush on Monday, March 13. The firm earned “Buy” rating on Tuesday, January 2 by Robert W. Baird. Deutsche Bank downgraded Starbucks Corporation (NASDAQ:SBUX) on Tuesday, April 12 to “Hold” rating. Guggenheim downgraded Starbucks Corporation (NASDAQ:SBUX) on Friday, July 28 to “Hold” rating.

Investors sentiment decreased to 1.04 in Q1 2018. Its down 0.05, from 1.09 in 2017Q4. It dropped, as 50 investors sold SunTrust Banks, Inc. shares while 246 reduced holdings. 94 funds opened positions while 215 raised stakes. 380.01 million shares or 0.41% less from 381.57 million shares in 2017Q4 were reported. Stoneridge Inv Partners Limited Liability Company has 66,344 shares. Pinnacle Advisory Grp Inc reported 3,025 shares. Millennium Lc accumulated 66,784 shares or 0.01% of the stock. Woodley Farra Manion Portfolio Mgmt Inc invested in 0.74% or 96,978 shares. Loeb Corp has 0.12% invested in SunTrust Banks, Inc. (NYSE:STI). Pggm Investments, a Netherlands-based fund reported 518,500 shares. Copeland Cap Management Limited Company has 40,300 shares for 0.18% of their portfolio. Gyroscope Cap Management Grp Ltd Liability holds 0.17% of its portfolio in SunTrust Banks, Inc. (NYSE:STI) for 5,122 shares. Crawford Inv Counsel invested in 2,960 shares or 0.01% of the stock. Koch Industries accumulated 0.09% or 12,707 shares. Willis Invest Counsel holds 202,146 shares. Summit Asset Limited Liability Corporation has invested 0.37% of its portfolio in SunTrust Banks, Inc. (NYSE:STI). Advisor Prns has invested 0.16% in SunTrust Banks, Inc. (NYSE:STI). Rhumbline Advisers stated it has 903,824 shares. Adams Diversified Equity Fund Incorporated holds 1.41% or 378,100 shares.

More important recent SunTrust Banks, Inc. (NYSE:STI) news were published by: Seekingalpha.com which released: “SunTrust expands aging services industry group nationally” on June 14, 2018, also Bizjournals.com published article titled: “Confirmed: SunTrust to move its Orlando HQ to Church Street Plaza”, Prnewswire.com published: “Atlanta City Council Approves SunTrust as Official Bank for Hartsfield-Jackson Atlanta International Airport” on June 20, 2018. More interesting news about SunTrust Banks, Inc. (NYSE:STI) was released by: Bizjournals.com and their article: “Exclusive: SunTrust Center owner to renovate iconic downtown office tower” with publication date: June 12, 2018.

SunTrust Banks, Inc. operates as the holding firm for SunTrust Bank that provides various financial services for consumers, businesses, firms, and institutions in the United States. The company has market cap of $31.88 billion. It operates through three divisions: Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage Banking. It has a 15.34 P/E ratio. The Consumer Banking and Private Wealth Management segment provides deposits and payments; home equity and personal credit lines; auto, student, and other lending products; credit cards; discount/online and full-service brokerage products; and professional investment management and trust services, as well as family office solutions.

Starbucks Corporation (NASDAQ:SBUX) Institutional Positions Chart

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