Artisan Partners Limited Partnership Acquires 251,493 Shares of Starbucks Corporation $SBUX

Artisan Partners Limited Partnership increased its holdings in shares of Starbucks Corporation (NASDAQ:SBUX) by 21.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,406,280 shares of the coffee company’s stock after acquiring an additional 251,493 shares during the period. Artisan Partners Limited Partnership owned about 0.12% of Starbucks worth $118,971,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Nordea Investment Management AB raised its stake in shares of Starbucks by 3.2% in the third quarter. Nordea Investment Management AB now owns 433,112 shares of the coffee company’s stock worth $36,576,000 after acquiring an additional 13,262 shares during the last quarter. Asset Management One Co. Ltd. increased its holdings in shares of Starbucks by 3.1% in the third quarter. Asset Management One Co. Ltd. now owns 548,768 shares of the coffee company’s stock valued at $46,426,000 after purchasing an additional 16,428 shares in the last quarter. Providence Capital Advisors LLC bought a new position in Starbucks in the 3rd quarter worth approximately $6,099,000. Allstate Corp acquired a new position in Starbucks during the 3rd quarter worth $3,491,000. Finally, Lantz Financial LLC lifted its holdings in Starbucks by 346.6% during the 3rd quarter. Lantz Financial LLC now owns 17,833 shares of the coffee company’s stock worth $1,509,000 after buying an additional 13,840 shares in the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Price Performance

Shares of SBUX stock opened at $98.02 on Friday. The stock has a market cap of $111.67 billion, a PE ratio of 81.01, a price-to-earnings-growth ratio of 2.19 and a beta of 0.96. The stock has a 50-day moving average of $92.43 and a 200-day moving average of $87.73. Starbucks Corporation has a one year low of $75.50 and a one year high of $117.46.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Wednesday, January 28th. The coffee company reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.03). Starbucks had a net margin of 3.63% and a negative return on equity of 28.66%. The firm had revenue of $9.92 billion for the quarter, compared to analyst estimates of $9.62 billion. During the same quarter in the prior year, the firm posted $0.69 EPS. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. As a group, research analysts anticipate that Starbucks Corporation will post 2.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Bank of America set a $114.00 target price on Starbucks in a research report on Wednesday, January 21st. Barclays set a $116.00 price objective on Starbucks and gave the stock an “overweight” rating in a report on Friday, January 30th. Zacks Research raised shares of Starbucks from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 27th. Sanford C. Bernstein reissued an “outperform” rating on shares of Starbucks in a research note on Monday, January 26th. Finally, Wells Fargo & Company set a $110.00 price objective on shares of Starbucks in a research note on Wednesday, January 28th. Eighteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Starbucks currently has an average rating of “Moderate Buy” and a consensus price target of $104.31.

Starbucks Company 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.