Starbucks Corporation $SBUX Shares Sold by Allianz SE

Allianz SE cut its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 88.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,760 shares of the coffee company’s stock after selling 27,720 shares during the quarter. Allianz SE’s holdings in Starbucks were worth $318,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC grew its position in shares of Starbucks by 86.5% during the fourth quarter. Brighton Jones LLC now owns 176,722 shares of the coffee company’s stock worth $16,126,000 after acquiring an additional 81,952 shares during the last quarter. Schnieders Capital Management LLC. boosted its stake in Starbucks by 47.0% during the 2nd quarter. Schnieders Capital Management LLC. now owns 3,642 shares of the coffee company’s stock valued at $334,000 after purchasing an additional 1,164 shares during the period. Savvy Advisors Inc. boosted its stake in Starbucks by 22.8% during the 2nd quarter. Savvy Advisors Inc. now owns 7,017 shares of the coffee company’s stock valued at $643,000 after purchasing an additional 1,305 shares during the period. Simon Quick Advisors LLC grew its position in Starbucks by 28.7% in the 2nd quarter. Simon Quick Advisors LLC now owns 8,233 shares of the coffee company’s stock worth $754,000 after purchasing an additional 1,835 shares during the last quarter. Finally, Kovack Advisors Inc. increased its stake in shares of Starbucks by 6.4% in the second quarter. Kovack Advisors Inc. now owns 10,693 shares of the coffee company’s stock valued at $980,000 after purchasing an additional 642 shares during the period. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports 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. Sanford C. Bernstein reiterated an “outperform” rating on shares of Starbucks in a research report on Monday, January 26th. UBS Group reissued a “neutral” rating on shares of Starbucks in a research note on Friday, January 30th. TD Cowen restated a “hold” rating and set a $89.00 price objective (up from $84.00) on shares of Starbucks in a research note on Friday, January 30th. Finally, Bank of America set a $114.00 price objective on shares of Starbucks in a report on Wednesday, January 21st. 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 stock. According to MarketBeat.com, Starbucks presently has an average rating of “Moderate Buy” and a consensus target price of $104.31.

Starbucks Trading Down 0.1%

Shares of NASDAQ SBUX opened at $98.02 on Friday. Starbucks Corporation has a twelve month low of $75.50 and a twelve month high of $117.46. The firm has a 50-day moving average of $92.43 and a two-hundred day moving average of $87.69. The company has a market capitalization of $111.67 billion, a price-to-earnings ratio of 81.01, a PEG ratio of 2.19 and a beta of 0.96.

Starbucks (NASDAQ:SBUX) last released 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). Starbucks had a negative return on equity of 28.66% and a net margin of 3.63%.The business had revenue of $9.92 billion during the quarter, compared to the consensus estimate of $9.62 billion. During the same quarter in the previous year, the firm earned $0.69 earnings per share. 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 predict that Starbucks Corporation will post 2.99 earnings per share for the current year.

About Starbucks

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.