Fifth Third Bancorp Sells 8,269 Shares of Starbucks Corporation $SBUX

Fifth Third Bancorp reduced its stake in shares of Starbucks Corporation (NASDAQ:SBUX) by 3.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 242,408 shares of the coffee company’s stock after selling 8,269 shares during the quarter. Fifth Third Bancorp’s holdings in Starbucks were worth $20,508,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of SBUX. Transce3nd LLC lifted 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 buying an additional 200 shares during the last quarter. Collier Financial bought a new stake in shares of Starbucks in the 3rd quarter worth about $25,000. MTM Investment Management LLC bought a new stake in shares of Starbucks in the 2nd quarter worth about $28,000. PFS Partners LLC boosted its stake 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 purchasing an additional 279 shares during the period. Finally, RMG Wealth Management LLC grew its holdings in 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 purchasing an additional 200 shares during the last quarter. 72.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on SBUX shares. UBS Group reissued a “neutral” rating on shares of Starbucks in a research note on Friday, January 30th. Wall Street Zen raised Starbucks from a “sell” rating to a “hold” rating in a research note on Saturday, November 22nd. Guggenheim reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Starbucks in a research report on Monday, January 26th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $113.00 target price on shares of Starbucks in a research report on Thursday, January 29th. Finally, Mizuho upped their price target on shares of Starbucks from $86.00 to $95.00 and gave the stock a “neutral” rating in a report on Monday, January 26th. Eighteen research 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.31.

Starbucks Trading Down 3.1%

Shares of Starbucks stock opened at $93.79 on Tuesday. The stock’s fifty day moving average price is $90.42 and its 200-day moving average price is $87.28. The firm has a market cap 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 12 month low of $75.50 and a 12 month high of $117.46.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Wednesday, January 28th. The coffee company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.03). The business had revenue of $9.92 billion for the quarter, compared to the consensus estimate of $9.62 billion. Starbucks had a negative return on equity of 28.66% and a net margin of 3.63%.The firm’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.69 earnings per share. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. Analysts forecast that Starbucks Corporation will post 2.99 earnings per share for the current 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.