Alps Advisors Inc. Decreases Holdings in Starbucks Corporation $SBUX

Alps Advisors Inc. trimmed its holdings in shares of Starbucks Corporation (NASDAQ:SBUX) by 59.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,304 shares of the coffee company’s stock after selling 34,362 shares during the period. Alps Advisors Inc.’s holdings in Starbucks were worth $1,972,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Transce3nd LLC increased its stake in shares of 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. MTM Investment Management LLC purchased a new stake in Starbucks in the second quarter worth $28,000. PFS Partners LLC raised its stake in shares of Starbucks by 457.4% in the third quarter. PFS Partners LLC now owns 340 shares of the coffee company’s stock valued at $29,000 after buying an additional 279 shares during the period. RMG Wealth Management LLC lifted its position in shares of Starbucks by 109.9% during the 3rd quarter. RMG Wealth Management LLC now owns 382 shares of the coffee company’s stock valued at $33,000 after buying an additional 200 shares during the last quarter. Finally, Nexus Investment Management ULC bought a new position in shares of Starbucks during the 2nd quarter worth $35,000. Institutional investors own 72.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on SBUX shares. Susquehanna set a $114.00 price objective on shares of Starbucks in a report on Wednesday, January 21st. Evercore restated an “outperform” rating on shares of Starbucks in a research note on Wednesday, January 28th. Bank of America raised their price objective on shares of Starbucks from $106.00 to $114.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. Barclays set a $116.00 target price on shares of Starbucks and gave the company an “overweight” rating in a report on Friday, January 30th. Finally, BMO Capital Markets restated an “outperform” rating and set a $120.00 target price on shares of Starbucks in a research report on Friday, January 30th. Eighteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $104.67.

Starbucks Stock Down 1.5%

Shares of NASDAQ SBUX opened at $97.53 on Wednesday. The stock’s 50-day simple moving average is $89.57 and its two-hundred day simple moving average is $87.18. Starbucks Corporation has a twelve month low of $75.50 and a twelve month high of $117.46. The firm has a market capitalization of $111.12 billion, a P/E ratio of 80.60, a P/E/G ratio of 2.21 and a beta of 0.96.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Wednesday, January 28th. The coffee company reported $0.56 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 business had revenue of $9.92 billion for the quarter, compared to analysts’ expectations of $9.62 billion. During the same period in the previous year, the firm posted $0.69 EPS. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. As a group, research 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.