Heartland Advisors Inc. Sells 9,328 Shares of Starbucks Corporation $SBUX

Heartland Advisors Inc. decreased its position in Starbucks Corporation (NASDAQ:SBUX) by 40.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,588 shares of the coffee company’s stock after selling 9,328 shares during the quarter. Heartland Advisors Inc.’s holdings in Starbucks were worth $1,150,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bedel Financial Consulting Inc. raised its stake in shares of Starbucks by 3.1% during the third quarter. Bedel Financial Consulting Inc. now owns 6,589 shares of the coffee company’s stock valued at $557,000 after acquiring an additional 199 shares during the last quarter. Beta Wealth Group Inc. boosted its position in Starbucks by 16.6% during the 3rd quarter. Beta Wealth Group Inc. now owns 6,308 shares of the coffee company’s stock valued at $534,000 after acquiring an additional 899 shares in the last quarter. Accretive Wealth Partners LLC boosted its position in Starbucks by 3.4% during the 3rd quarter. Accretive Wealth Partners LLC now owns 19,120 shares of the coffee company’s stock valued at $1,618,000 after acquiring an additional 634 shares in the last quarter. Summitry LLC grew its holdings in shares of Starbucks by 21.7% during the 3rd quarter. Summitry LLC now owns 761,253 shares of the coffee company’s stock worth $64,402,000 after acquiring an additional 135,592 shares during the period. Finally, Zions Bancorporation National Association UT raised its position in shares of Starbucks by 31.8% in the 3rd quarter. Zions Bancorporation National Association UT now owns 40,420 shares of the coffee company’s stock worth $3,420,000 after acquiring an additional 9,747 shares in the last quarter. Institutional investors own 72.29% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. BTIG Research reaffirmed a “buy” rating and issued a $105.00 target price on shares of Starbucks in a research report on Thursday, January 29th. New Street Research set a $90.00 price target on shares of Starbucks in a research report on Tuesday, January 27th. Piper Sandler restated an “overweight” rating and issued a $103.00 price objective (up from $100.00) on shares of Starbucks in a report on Friday, January 30th. Dbs Bank cut Starbucks from a “hold” rating to a “strong sell” rating in a research report on Friday, November 7th. Finally, TD Cowen reiterated a “hold” rating and set a $89.00 target price (up from $84.00) on shares of Starbucks in a research note on Friday, January 30th. Eighteen 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $104.31.

Starbucks Trading Up 1.7%

NASDAQ:SBUX opened at $95.39 on Wednesday. The stock has a 50-day moving average price of $90.69 and a 200 day moving average price of $87.34. The stock has a market capitalization of $108.68 billion, a P/E ratio of 78.83, 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 posted its quarterly earnings results 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 negative return on equity of 28.66% and a net margin of 3.63%.The business had revenue of $9.92 billion during the quarter, compared to the consensus estimate of $9.62 billion. During the same quarter in the previous year, the company earned $0.69 earnings per share. 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. On average, research analysts predict that Starbucks Corporation will post 2.99 earnings per share for the current fiscal year.

About Starbucks

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.