Shell Asset Management Co. Sells 19,992 Shares of Starbucks Corporation $SBUX

Shell Asset Management Co. trimmed its stake in Starbucks Corporation (NASDAQ:SBUX) by 47.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,857 shares of the coffee company’s stock after selling 19,992 shares during the period. Shell Asset Management Co.’s holdings in Starbucks were worth $1,849,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC boosted its holdings in shares of Starbucks by 86.5% in the 4th 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 in the last quarter. Koshinski Asset Management Inc. boosted its stake in Starbucks by 8.5% in the second quarter. Koshinski Asset Management Inc. now owns 17,090 shares of the coffee company’s stock worth $1,566,000 after purchasing an additional 1,338 shares in the last quarter. Spirit of America Management Corp NY bought a new stake in shares of Starbucks during the second quarter worth $160,000. Palmer Knight Co increased its stake in shares of Starbucks by 27.6% in the second quarter. Palmer Knight Co now owns 96,441 shares of the coffee company’s stock valued at $8,837,000 after buying an additional 20,862 shares in the last quarter. Finally, Crux Wealth Advisors raised its holdings in shares of Starbucks by 31.6% in the second quarter. Crux Wealth Advisors now owns 10,954 shares of the coffee company’s stock valued at $1,004,000 after buying an additional 2,628 shares during the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Trading Down 3.1%

Shares of SBUX opened at $93.79 on Monday. The stock has a market cap of $106.85 billion, a P/E ratio of 77.51, a price-to-earnings-growth ratio of 2.10 and a beta of 0.96. Starbucks Corporation has a 1 year low of $75.50 and a 1 year high of $117.46. The stock’s 50-day moving average price is $90.22 and its two-hundred day moving average price is $87.25.

Starbucks (NASDAQ:SBUX) last announced 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). 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 during the quarter, compared to analyst estimates of $9.62 billion. During the same quarter in the prior year, the business earned $0.69 earnings per share. The business’s revenue was up 5.5% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. As a group, equities analysts forecast that Starbucks Corporation will post 2.99 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SBUX. Citigroup decreased their price objective on shares of Starbucks from $94.00 to $92.00 and set a “neutral” rating on the stock in a report on Monday, February 2nd. New Street Research set a $90.00 price target on shares of Starbucks in a research note on Tuesday, January 27th. Wall Street Zen raised Starbucks from a “sell” rating to a “hold” rating in a report on Saturday, November 22nd. William Blair raised Starbucks from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 22nd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Starbucks in a report on Monday, December 29th. Eighteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $104.31.

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.