Public Sector Pension Investment Board Boosts Stake in Starbucks Corporation $SBUX

Public Sector Pension Investment Board raised its holdings in Starbucks Corporation (NASDAQ:SBUX) by 14.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 98,377 shares of the coffee company’s stock after acquiring an additional 12,314 shares during the period. Public Sector Pension Investment Board’s holdings in Starbucks were worth $8,323,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of SBUX. Transce3nd LLC increased its holdings in shares of Starbucks by 270.3% in the 2nd 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 position in Starbucks in the third quarter valued at $25,000. MTM Investment Management LLC purchased a new stake in Starbucks during the second quarter valued at about $28,000. PFS Partners LLC lifted its stake in Starbucks by 457.4% during the third 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 last quarter. Finally, RMG Wealth Management LLC lifted its stake in 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 purchasing an additional 200 shares during the last quarter. Institutional investors own 72.29% of the company’s stock.

Analyst Upgrades and Downgrades

SBUX has been the topic of several recent research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Starbucks in a research report on Monday, December 29th. Bank of America set a $114.00 price target on shares of Starbucks in a research note on Wednesday, January 21st. Zacks Research upgraded shares of Starbucks from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $113.00 target price on shares of Starbucks in a report on Thursday, January 29th. Finally, Barclays set a $116.00 price target on shares of Starbucks and gave the stock an “overweight” rating in a research note on Friday, January 30th. Eighteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Starbucks currently has a consensus rating of “Moderate Buy” and an average price target of $104.31.

Starbucks Trading Up 1.7%

Shares of NASDAQ:SBUX opened at $95.39 on Wednesday. The company has a 50-day moving average price of $90.69 and a 200-day moving average price of $87.34. The company has a market cap of $108.68 billion, a price-to-earnings ratio of 78.83, a price-to-earnings-growth 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 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 during 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 for the quarter was up 5.5% compared to the same quarter last year. During the same period 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. As a group, research analysts forecast that Starbucks Corporation will post 2.99 EPS for the current fiscal year.

Starbucks 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.