Starbucks Corporation $SBUX Stake Raised by Allworth Financial LP

Allworth Financial LP raised its holdings in Starbucks Corporation (NASDAQ:SBUXFree Report) by 3.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 209,050 shares of the coffee company’s stock after acquiring an additional 5,995 shares during the quarter. Allworth Financial LP’s holdings in Starbucks were worth $17,686,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Starbucks by 0.5% during the third quarter. Vanguard Group Inc. now owns 113,438,902 shares of the coffee company’s stock valued at $9,596,931,000 after purchasing an additional 577,279 shares during the last quarter. Capital Research Global Investors grew its position 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 worth $7,229,968,000 after buying an additional 8,774,198 shares during the last quarter. Capital World Investors grew its position in Starbucks by 1.9% in the third quarter. Capital World Investors now owns 77,720,137 shares of the coffee company’s stock worth $6,575,430,000 after buying an additional 1,462,874 shares during the last quarter. State Street Corp increased its holdings in shares of Starbucks by 1.2% in the second quarter. State Street Corp now owns 47,513,332 shares of the coffee company’s stock valued at $4,353,647,000 after buying an additional 544,534 shares in the last quarter. Finally, Capital International Investors increased its holdings in shares of Starbucks by 22.5% in the third quarter. Capital International Investors now owns 14,691,772 shares of the coffee company’s stock valued at $1,243,104,000 after buying an additional 2,699,479 shares in the last quarter. Institutional investors own 72.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SBUX shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Starbucks in a research note on Monday, December 29th. BMO Capital Markets reaffirmed an “outperform” rating and set a $120.00 target price on shares of Starbucks in a research report on Friday, January 30th. New Street Research set a $90.00 target price on Starbucks in a report on Tuesday, January 27th. Evercore reiterated an “outperform” rating on shares of Starbucks in a research report on Wednesday, January 28th. Finally, William Blair raised Starbucks from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 22nd. Fifteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Starbucks currently has a consensus rating of “Hold” and an average price target of $103.81.

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Starbucks News Summary

Here are the key news stories impacting Starbucks this week:

Insider Activity at Starbucks

In other Starbucks news, 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 completion of the sale, the chief executive officer directly owned 86,605 shares in the company, valued at $8,411,077.60. The trade was a 1.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Sara Kelly sold 2,500 shares of the firm’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $97.12, for a total transaction of $242,800.00. Following the transaction, the executive vice president owned 59,609 shares in the company, valued at $5,789,226.08. This represents a 4.03% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 4,729 shares of company stock worth $460,974. Insiders own 0.03% of the company’s stock.

Starbucks Price Performance

Shares of NASDAQ SBUX opened at $95.83 on Friday. Starbucks Corporation has a one year low of $75.50 and a one year high of $104.82. The business’s 50-day moving average price is $95.93 and its two-hundred day moving average price is $88.54. The company has a market capitalization of $109.18 billion, a P/E ratio of 79.20, a price-to-earnings-growth ratio of 2.07 and a beta of 0.93.

Starbucks (NASDAQ:SBUXGet Free Report) last posted its quarterly earnings results on Wednesday, January 28th. The coffee company reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.03). The firm had revenue of $9.92 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the business earned $0.69 earnings per share. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. On average, equities analysts anticipate that Starbucks Corporation will post 2.99 EPS for the current year.

About Starbucks

(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.

Further Reading

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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