Clifford Swan Investment Counsel LLC Sells 6,747 Shares of Starbucks Corporation $SBUX

Clifford Swan Investment Counsel LLC decreased its stake in Starbucks Corporation (NASDAQ:SBUX) by 3.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 167,261 shares of the coffee company’s stock after selling 6,747 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in Starbucks were worth $14,150,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of SBUX. Vanguard Group Inc. raised its position in shares of Starbucks by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 113,438,902 shares of the coffee company’s stock valued at $9,596,931,000 after acquiring an additional 577,279 shares during the period. State Street Corp increased its stake in 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 purchasing an additional 544,534 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Starbucks by 0.4% during the second quarter. Geode Capital Management LLC now owns 25,846,634 shares of the coffee company’s stock worth $2,357,815,000 after purchasing an additional 99,983 shares in the last quarter. Norges Bank acquired a new position in shares of Starbucks in the 2nd quarter valued at $1,246,316,000. Finally, Invesco Ltd. increased its position in shares of Starbucks by 11.2% in the 2nd quarter. Invesco Ltd. now owns 12,757,954 shares of the coffee company’s stock valued at $1,169,011,000 after buying an additional 1,286,451 shares in the last quarter. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Wall Street Zen raised Starbucks from a “sell” rating to a “hold” rating in a research note on Saturday, November 22nd. Citigroup decreased their price objective on Starbucks from $94.00 to $92.00 and set a “neutral” rating for the company in a research report on Monday, February 2nd. New Street Research set a $90.00 target price on shares of Starbucks in a report on Tuesday, January 27th. Barclays set a $116.00 price target on shares of Starbucks and gave the company an “overweight” rating in a research note on Friday, January 30th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $105.00 price objective on shares of Starbucks in a report on Thursday, January 29th. Eighteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $104.31.

Starbucks Trading Up 0.1%

Starbucks stock opened at $98.05 on Friday. Starbucks Corporation has a 1-year low of $75.50 and a 1-year high of $117.46. The company has a fifty day simple moving average of $92.23 and a 200 day simple moving average of $87.69. The company has a market cap of $111.71 billion, a P/E ratio of 81.03, a price-to-earnings-growth ratio of 2.19 and a beta of 0.96.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data 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 business had revenue of $9.92 billion for the quarter, compared to analyst estimates of $9.62 billion. Starbucks had a negative return on equity of 28.66% and a net margin of 3.63%.The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.69 earnings per share. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. On average, equities research analysts forecast 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.