First National Bank of Omaha Acquires Shares of 24,081 Starbucks Corporation $SBUX

First National Bank of Omaha bought a new position in Starbucks Corporation (NASDAQ:SBUXFree Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 24,081 shares of the coffee company’s stock, valued at approximately $2,037,000.

A number of other large investors have also made changes to their positions in SBUX. Nordea Investment Management AB boosted its position in Starbucks by 3.2% during the third quarter. Nordea Investment Management AB now owns 433,112 shares of the coffee company’s stock worth $36,576,000 after purchasing an additional 13,262 shares during the period. Asset Management One Co. Ltd. raised its position 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 during the period. Providence Capital Advisors LLC acquired a new stake in shares of Starbucks in the third quarter worth $6,099,000. Allstate Corp acquired a new stake in shares of Starbucks in the third quarter worth $3,491,000. Finally, Lantz Financial LLC boosted its holdings in shares of 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 during the period. Institutional investors and hedge funds own 72.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on SBUX shares. Wall Street Zen upgraded shares of Starbucks from a “sell” rating to a “hold” rating in a report on Saturday, November 22nd. TD Cowen reaffirmed a “hold” rating and issued a $89.00 price target (up from $84.00) on shares of Starbucks in a research report on Friday, January 30th. New Street Research set a $90.00 price objective on Starbucks in a research note on Tuesday, January 27th. Wells Fargo & Company set a $110.00 price objective on Starbucks in a research report on Wednesday, January 28th. Finally, Bank of America set a $114.00 target price on Starbucks in a research note on Wednesday, January 21st. Eighteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Starbucks has a consensus rating of “Moderate Buy” and an average target price of $104.31.

Get Our Latest Analysis on SBUX

Starbucks Stock Performance

Shares of SBUX opened at $95.76 on Thursday. The company has a 50-day simple moving average of $90.92 and a 200-day simple moving average of $87.40. Starbucks Corporation has a 52 week low of $75.50 and a 52 week high of $117.46. The firm has a market capitalization of $109.10 billion, a P/E ratio of 79.14, a P/E/G ratio of 2.13 and a beta of 0.96.

Starbucks (NASDAQ:SBUXGet Free Report) last issued its quarterly earnings results on Wednesday, January 28th. The coffee company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.03). The firm had revenue of $9.92 billion for 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 company’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.69 earnings per share. 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 earnings per share for the current year.

Key Stories Impacting Starbucks

Here are the key news stories impacting Starbucks this week:

Starbucks Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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