ProShare Advisors LLC Has $120.27 Million Position in Starbucks Corporation $SBUX

ProShare Advisors LLC reduced its stake in shares of Starbucks Corporation (NASDAQ:SBUX) by 18.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,421,592 shares of the coffee company’s stock after selling 325,197 shares during the period. ProShare Advisors LLC owned 0.13% of Starbucks worth $120,267,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of SBUX. Norges Bank bought a new position in Starbucks during the second quarter valued at approximately $1,246,316,000. Corient Private Wealth LLC grew its position in Starbucks by 146.6% in the second quarter. Corient Private Wealth LLC now owns 6,049,192 shares of the coffee company’s stock worth $553,201,000 after acquiring an additional 3,596,014 shares in the last quarter. Invesco Ltd. increased its stake in shares of Starbucks by 11.2% during the 2nd quarter. Invesco Ltd. now owns 12,757,954 shares of the coffee company’s stock worth $1,169,011,000 after purchasing an additional 1,286,451 shares during the last quarter. California Public Employees Retirement System increased its stake in shares of Starbucks by 68.0% during the 2nd quarter. California Public Employees Retirement System now owns 3,027,814 shares of the coffee company’s stock worth $277,439,000 after purchasing an additional 1,225,447 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Starbucks by 22.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,578,977 shares of the coffee company’s stock valued at $511,202,000 after purchasing an additional 1,026,056 shares in the last quarter. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on SBUX shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Starbucks in a research report on Monday, December 29th. Evercore reissued an “outperform” rating on shares of Starbucks in a research report on Wednesday, January 28th. Piper Sandler restated an “overweight” rating and set a $103.00 target price (up previously from $100.00) on shares of Starbucks in a research note on Friday, January 30th. BMO Capital Markets reiterated an “outperform” rating and set a $120.00 price target on shares of Starbucks in a report on Friday, January 30th. Finally, Wells Fargo & Company set a $110.00 price objective on Starbucks in a research report on Wednesday, January 28th. Eighteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Starbucks has an average rating of “Moderate Buy” and an average price target of $104.67.

Starbucks Price Performance

Shares of SBUX opened at $98.98 on Tuesday. Starbucks Corporation has a one year low of $75.50 and a one year high of $117.46. The company has a market capitalization of $112.77 billion, a P/E ratio of 81.80, a PEG ratio of 2.22 and a beta of 0.96. The business’s 50 day simple moving average is $89.32 and its 200-day simple moving average is $87.16.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Wednesday, January 28th. The coffee company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.03). Starbucks had a negative return on equity of 28.66% and a net margin of 3.63%.The company had revenue of $9.92 billion for the quarter, compared to analyst estimates of $9.62 billion. During the same quarter last year, the company earned $0.69 EPS. 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. On average, sell-side analysts anticipate that Starbucks Corporation will post 2.99 EPS for the current fiscal year.

Starbucks Company Profile

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.