ABN Amro Investment Solutions Buys Shares of 6,207 Starbucks Corporation $SBUX

ABN Amro Investment Solutions purchased a new position in Starbucks Corporation (NASDAQ:SBUX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,207 shares of the coffee company’s stock, valued at approximately $525,000.

Other hedge funds also recently made changes to their positions in the company. Nordea Investment Management AB increased its position in shares of Starbucks by 3.2% during the third quarter. Nordea Investment Management AB now owns 433,112 shares of the coffee company’s stock valued at $36,576,000 after acquiring an additional 13,262 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in shares of Starbucks by 3.1% in the third quarter. Asset Management One Co. Ltd. now owns 548,768 shares of the coffee company’s stock worth $46,426,000 after purchasing an additional 16,428 shares during the last quarter. Providence Capital Advisors LLC bought a new position in shares of Starbucks during the third quarter valued at $6,099,000. Allstate Corp purchased a new stake in shares of Starbucks during the third quarter valued at $3,491,000. Finally, Lantz Financial LLC boosted its position in shares of Starbucks by 346.6% during the third quarter. Lantz Financial LLC now owns 17,833 shares of the coffee company’s stock valued at $1,509,000 after buying an additional 13,840 shares during the last quarter. 72.29% of the stock is owned by institutional investors.

Starbucks Price Performance

Shares of NASDAQ:SBUX opened at $93.79 on Tuesday. The company has a market capitalization of $106.85 billion, a P/E ratio of 77.51, a P/E/G ratio of 2.10 and a beta of 0.96. Starbucks Corporation has a 1-year low of $75.50 and a 1-year high of $117.46. The firm’s 50 day simple moving average is $90.42 and its two-hundred day simple moving average is $87.28.

Starbucks (NASDAQ:SBUX) last announced 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). The firm had revenue of $9.92 billion for the quarter, compared to the consensus estimate of $9.62 billion. Starbucks had a net margin of 3.63% and a negative return on equity of 28.66%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.69 earnings per share. 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 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on SBUX shares. BMO Capital Markets reissued an “outperform” rating and issued a $120.00 target price on shares of Starbucks in a research report on Friday, January 30th. Barclays set a $116.00 price objective on shares of Starbucks and gave the company an “overweight” rating in a research report on Friday, January 30th. Bank of America set a $114.00 target price on shares of Starbucks in a research report on Wednesday, January 21st. Sanford C. Bernstein reissued an “outperform” rating on shares of Starbucks in a report on Monday, January 26th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $103.00 price objective (up previously from $100.00) on shares of Starbucks in a report on Friday, January 30th. Eighteen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.