Assetmark Inc. Raises Holdings in Starbucks Corporation $SBUX

Assetmark Inc. increased its holdings in shares of Starbucks Corporation (NASDAQ:SBUX) by 19.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 340,168 shares of the coffee company’s stock after purchasing an additional 56,156 shares during the quarter. Assetmark Inc.’s holdings in Starbucks were worth $28,778,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Starbucks by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 112,861,623 shares of the coffee company’s stock valued at $10,341,511,000 after buying an additional 802,053 shares during the period. State Street Corp increased its holdings in shares of Starbucks by 1.2% in the 2nd quarter. State Street Corp now owns 47,513,332 shares of the coffee company’s stock valued at $4,353,647,000 after purchasing an additional 544,534 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Starbucks by 0.4% in the second quarter. Geode Capital Management LLC now owns 25,846,634 shares of the coffee company’s stock valued at $2,357,815,000 after purchasing an additional 99,983 shares during the period. Norges Bank acquired a new stake in shares of Starbucks during the 2nd quarter valued at approximately $1,246,316,000. Finally, Invesco Ltd. boosted 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 acquiring an additional 1,286,451 shares in the last quarter. 72.29% of the stock is owned by institutional investors and hedge funds.

Starbucks Stock Performance

NASDAQ:SBUX opened at $93.79 on Friday. Starbucks Corporation has a one year low of $75.50 and a one year high of $117.46. The business’s 50-day simple moving average is $90.22 and its 200 day simple moving average is $87.33. The stock has a market cap of $106.85 billion, a price-to-earnings ratio of 77.51, a price-to-earnings-growth ratio of 2.16 and a beta of 0.96.

Starbucks (NASDAQ:SBUX) last announced 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). Starbucks had a net margin of 3.63% and a negative return on equity of 28.66%. The firm had revenue of $9.92 billion during the quarter, compared to the consensus estimate of $9.62 billion. During the same period in the prior year, the firm earned $0.69 earnings per share. 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. On average, equities research analysts predict that Starbucks Corporation will post 2.99 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on SBUX shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Starbucks in a report on Monday, December 29th. Sanford C. Bernstein reissued an “outperform” rating on shares of Starbucks in a research note on Monday, January 26th. Barclays set a $116.00 target price on Starbucks and gave the company an “overweight” rating in a report on Friday, January 30th. BTIG Research restated a “buy” rating and set a $105.00 price target on shares of Starbucks in a research note on Thursday, January 29th. Finally, Wells Fargo & Company set a $110.00 price objective on Starbucks in a 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $104.31.

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.