Starbucks Corporation $SBUX Shares Sold by Drucker Wealth 3.0 LLC

Drucker Wealth 3.0 LLC cut its holdings in shares of Starbucks Corporation (NASDAQ:SBUX) by 32.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,069 shares of the coffee company’s stock after selling 9,740 shares during the period. Drucker Wealth 3.0 LLC’s holdings in Starbucks were worth $1,698,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Transce3nd LLC raised its holdings in shares of Starbucks by 270.3% during 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 bought a new stake in shares of Starbucks during the 3rd quarter worth about $25,000. MTM Investment Management LLC acquired a new position in shares of Starbucks during the 2nd quarter valued at $28,000. PFS Partners LLC boosted 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 valued at $29,000 after purchasing an additional 279 shares in the last quarter. Finally, RMG Wealth Management LLC lifted its position in shares of 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 acquiring an additional 200 shares during the last quarter. 72.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SBUX. Royal Bank Of Canada reiterated an “outperform” rating and set a $105.00 price objective on shares of Starbucks in a research report on Thursday, January 29th. Mizuho boosted their price objective on shares of Starbucks from $86.00 to $95.00 and gave the stock a “neutral” rating in a research note on Monday, January 26th. New Street Research set a $90.00 price target on Starbucks in a report on Tuesday, January 27th. Bank of America set a $114.00 price objective on Starbucks in a research report on Wednesday, January 21st. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $120.00 price target 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $104.31.

Starbucks Price Performance

Shares of Starbucks stock opened at $95.39 on Wednesday. The firm 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 one year low of $75.50 and a one year high of $117.46. The stock’s 50-day moving average is $90.69 and its 200-day moving average is $87.34.

Starbucks (NASDAQ:SBUX) last announced its earnings results 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 company 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 business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.69 EPS. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. On average, equities analysts expect that Starbucks Corporation will post 2.99 EPS for the current 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.