Starbucks Corporation $SBUX Stake Raised by Wesbanco Bank Inc.

Wesbanco Bank Inc. grew its holdings in shares of Starbucks Corporation (NASDAQ:SBUX) by 9.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 158,781 shares of the coffee company’s stock after purchasing an additional 13,217 shares during the period. Wesbanco Bank Inc.’s holdings in Starbucks were worth $13,433,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Transce3nd LLC increased its holdings in shares of Starbucks by 270.3% in the second quarter. Transce3nd LLC now owns 274 shares of the coffee company’s stock valued at $25,000 after buying an additional 200 shares in the last quarter. Collier Financial acquired a new position in shares of Starbucks in 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 raised its position in shares of 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 purchasing an additional 279 shares during the period. Finally, RMG Wealth Management LLC lifted its holdings in shares of Starbucks by 109.9% during the third quarter. RMG Wealth Management LLC now owns 382 shares of the coffee company’s stock valued at $33,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Stock Performance

SBUX stock opened at $98.98 on Tuesday. The firm has a 50 day simple moving average of $89.32 and a 200 day simple moving average of $87.16. Starbucks Corporation has a 52 week low of $75.50 and a 52 week high of $117.46. The stock has a market cap of $112.77 billion, a P/E ratio of 81.80, a P/E/G ratio of 2.22 and a beta of 0.96.

Starbucks (NASDAQ:SBUX) last released its earnings results on Wednesday, January 28th. The coffee company reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $9.62 billion. During the same quarter in the previous year, the company earned $0.69 EPS. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. Sell-side analysts predict that Starbucks Corporation will post 2.99 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $113.00 price target on shares of Starbucks in a research note on Thursday, January 29th. TD Cowen reiterated a “hold” rating and issued a $89.00 target price (up from $84.00) on shares of Starbucks in a report on Friday, January 30th. Barclays set a $116.00 target price on shares of Starbucks and gave the stock an “overweight” rating in a research report on Friday, January 30th. New Street Research set a $90.00 price target on shares of Starbucks in a report on Tuesday, January 27th. Finally, Citigroup decreased their price objective on shares of Starbucks from $94.00 to $92.00 and set a “neutral” rating for the company in a research note on Monday, February 2nd. Eighteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $104.67.

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.