Aberdeen Group plc Sells 7,223 Shares of Starbucks Corporation $SBUX

Aberdeen Group plc lessened its stake in Starbucks Corporation (NASDAQ:SBUX) by 0.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 969,775 shares of the coffee company’s stock after selling 7,223 shares during the period. Aberdeen Group plc owned 0.09% of Starbucks worth $81,873,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Transce3nd LLC increased its position in Starbucks by 270.3% in the second quarter. Transce3nd LLC now owns 274 shares of the coffee company’s stock worth $25,000 after purchasing an additional 200 shares during the period. Collier Financial acquired a new position in Starbucks during the 3rd quarter valued at about $25,000. MTM Investment Management LLC bought a new position in shares of Starbucks in the 2nd quarter valued at about $28,000. PFS Partners LLC grew its position in shares of Starbucks by 457.4% during the 3rd quarter. PFS Partners LLC now owns 340 shares of the coffee company’s stock worth $29,000 after buying an additional 279 shares during the period. Finally, RMG Wealth Management LLC raised its stake 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 worth $33,000 after buying an additional 200 shares during the last quarter. 72.29% of the stock is owned by institutional investors and hedge funds.

Starbucks Trading Down 3.1%

NASDAQ:SBUX opened at $93.79 on Monday. Starbucks Corporation has a 1 year low of $75.50 and a 1 year high of $117.46. The stock has a market cap of $106.85 billion, a price-to-earnings ratio of 77.51, a PEG ratio of 2.10 and a beta of 0.96. The stock has a 50-day moving average price of $90.22 and a two-hundred day moving average price of $87.25.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Wednesday, January 28th. The coffee company reported $0.56 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 business had revenue of $9.92 billion for the quarter, compared to analyst estimates of $9.62 billion. During the same period in the prior year, the business earned $0.69 EPS. The company’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. Sell-side analysts forecast that Starbucks Corporation will post 2.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

SBUX has been the topic of a number of recent research reports. Dbs Bank cut shares of Starbucks from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. TD Cowen restated a “hold” rating and issued a $89.00 price target (up from $84.00) on shares of Starbucks in a research report on Friday, January 30th. UBS Group reaffirmed a “neutral” rating on shares of Starbucks in a research note on Friday, January 30th. BMO Capital Markets reissued an “outperform” rating and issued a $120.00 target price on shares of Starbucks in a research note on Friday, January 30th. Finally, BTIG Research restated a “buy” rating and set a $105.00 target price on shares of Starbucks in a report on Thursday, January 29th. Eighteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.