APG Asset Management N.V. Has $54.37 Million Stake in Starbucks Corporation $SBUX

APG Asset Management N.V. increased its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 1.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 642,700 shares of the coffee company’s stock after purchasing an additional 9,400 shares during the period. APG Asset Management N.V. owned approximately 0.06% of Starbucks worth $54,372,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SBUX. Vanguard Group Inc. grew its stake in shares of Starbucks by 0.5% in 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 acquiring an additional 577,279 shares in the last quarter. State Street Corp boosted its holdings in Starbucks by 1.2% in the 2nd 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 during the period. Geode Capital Management LLC grew its position in shares of Starbucks by 0.4% during the 2nd 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 bought a new position in shares of Starbucks during the second quarter worth approximately $1,246,316,000. Finally, Invesco Ltd. raised its position in shares of Starbucks by 11.2% in the second 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 owned by institutional investors and hedge funds.

Starbucks Trading Down 0.1%

NASDAQ SBUX opened at $98.02 on Monday. The company has a market cap of $111.67 billion, a P/E ratio of 81.01, a PEG ratio of 2.19 and a beta of 0.93. The company has a fifty day simple moving average of $92.43 and a 200 day simple moving average of $87.65. Starbucks Corporation has a 12-month low of $75.50 and a 12-month high of $117.46.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data 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 business had revenue of $9.92 billion during the quarter, compared to the consensus estimate of $9.62 billion. Starbucks had a net margin of 3.63% and a negative return on equity of 28.66%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the business posted $0.69 earnings per share. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. Sell-side analysts predict that Starbucks Corporation will post 2.99 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Bank of America set a $114.00 price target on Starbucks in a research report on Wednesday, January 21st. Mizuho upped their target price on Starbucks from $86.00 to $95.00 and gave the company a “neutral” rating in a research report on Monday, January 26th. Zacks Research upgraded Starbucks from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 27th. Citigroup dropped their price target on Starbucks from $94.00 to $92.00 and set a “neutral” rating for the company in a research note on Monday, February 2nd. Finally, William Blair upgraded shares of Starbucks from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 22nd. 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’s stock. According to data from MarketBeat, Starbucks presently has an average rating of “Moderate Buy” and a consensus price target of $104.31.

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.