Danske Bank A S Acquires Shares of 524,713 Starbucks Corporation $SBUX

Danske Bank A S acquired a new stake in shares of Starbucks Corporation (NASDAQ:SBUXFree Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 524,713 shares of the coffee company’s stock, valued at approximately $44,391,000.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Starbucks by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 113,438,902 shares of the coffee company’s stock worth $9,596,931,000 after buying an additional 577,279 shares in the last quarter. Capital Research Global Investors boosted its holdings in Starbucks by 11.4% in the third quarter. Capital Research Global Investors now owns 85,460,350 shares of the coffee company’s stock valued at $7,229,968,000 after purchasing an additional 8,774,198 shares during the last quarter. Capital World Investors grew its stake in Starbucks by 1.9% during the 3rd quarter. Capital World Investors now owns 77,720,137 shares of the coffee company’s stock valued at $6,575,430,000 after purchasing an additional 1,462,874 shares in the last quarter. State Street Corp increased its holdings in Starbucks by 1.2% during the 2nd quarter. State Street Corp now owns 47,513,332 shares of the coffee company’s stock worth $4,353,647,000 after purchasing an additional 544,534 shares during the last quarter. Finally, Capital International Investors increased its holdings in Starbucks by 22.5% during the 3rd quarter. Capital International Investors now owns 14,691,772 shares of the coffee company’s stock worth $1,243,104,000 after purchasing an additional 2,699,479 shares during the last quarter. 72.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Starbucks news, EVP Sara Kelly sold 2,500 shares of the company’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $97.12, for a total value of $242,800.00. Following the completion of the transaction, the executive vice president owned 59,609 shares in the company, valued at approximately $5,789,226.08. This represents a 4.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Brady Brewer sold 1,641 shares of Starbucks stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $97.12, for a total value of $159,373.92. Following the sale, the chief executive officer directly owned 86,605 shares in the company, valued at approximately $8,411,077.60. This trade represents a 1.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 4,729 shares of company stock valued at $460,974. 0.03% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SBUX. Bank of America set a $114.00 target price on Starbucks in a research note on Wednesday, January 21st. 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. Weiss Ratings reissued a “hold (c-)” rating on shares of Starbucks in a report on Monday, December 29th. William Blair upgraded Starbucks from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 22nd. Finally, New Street Research set a $90.00 target price on Starbucks in a report on Tuesday, January 27th. Fifteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $103.81.

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Key Headlines Impacting Starbucks

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Starbucks Stock Performance

NASDAQ SBUX opened at $92.66 on Thursday. Starbucks Corporation has a one year low of $75.50 and a one year high of $104.82. The company has a 50-day simple moving average of $95.78 and a 200-day simple moving average of $88.49. The firm has a market capitalization of $105.57 billion, a PE ratio of 76.58, a price-to-earnings-growth ratio of 2.17 and a beta of 0.93.

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

Starbucks Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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