Oppenheimer & Co. Inc. Has $9.15 Million Stock Holdings in Starbucks Corporation $SBUX

Oppenheimer & Co. Inc. lowered its stake in Starbucks Corporation (NASDAQ:SBUX) by 5.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 108,157 shares of the coffee company’s stock after selling 5,930 shares during the period. Oppenheimer & Co. Inc.’s holdings in Starbucks were worth $9,150,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Transce3nd LLC lifted its holdings in Starbucks by 270.3% during the 2nd quarter. Transce3nd LLC now owns 274 shares of the coffee company’s stock worth $25,000 after purchasing an additional 200 shares during the last quarter. Collier Financial bought a new position in Starbucks during the 3rd quarter worth $25,000. MTM Investment Management LLC acquired a new stake in shares of Starbucks during the second quarter worth $28,000. PFS Partners LLC increased its position in Starbucks by 457.4% during the third quarter. PFS Partners LLC now owns 340 shares of the coffee company’s stock worth $29,000 after acquiring an additional 279 shares during the period. Finally, RMG Wealth Management LLC raised its stake in Starbucks by 109.9% in the 3rd quarter. RMG Wealth Management LLC now owns 382 shares of the coffee company’s stock worth $33,000 after purchasing an additional 200 shares in the last quarter. 72.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SBUX has been the topic of a number of analyst reports. New Street Research set a $90.00 target price on shares of Starbucks in a research report on Tuesday, January 27th. Mizuho increased their price target on Starbucks from $86.00 to $95.00 and gave the stock a “neutral” rating in a research report on Monday, January 26th. Guggenheim reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Starbucks in a report on Monday, January 26th. BTIG Research reissued a “buy” rating and set a $105.00 target price on shares of Starbucks in a report on Thursday, January 29th. Finally, Evercore restated an “outperform” rating on shares of Starbucks in a research report on Wednesday, January 28th. Eighteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Starbucks currently has an average rating of “Moderate Buy” and an average price target of $104.67.

Starbucks Stock Performance

Shares of SBUX opened at $98.98 on Tuesday. Starbucks Corporation has a 52-week low of $75.50 and a 52-week high of $117.46. The firm has a market cap of $112.77 billion, a price-to-earnings ratio of 81.80, a PEG ratio of 2.22 and a beta of 0.96. The business’s fifty day moving average is $89.32 and its 200-day moving average is $87.16.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Wednesday, January 28th. The coffee company reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.03). The business had revenue of $9.92 billion during the quarter, compared to analyst estimates of $9.62 billion. Starbucks had a net margin of 3.63% and a negative return on equity of 28.66%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business earned $0.69 earnings per share. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. As a group, research analysts forecast that Starbucks Corporation will post 2.99 EPS for the current fiscal year.

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.