Vestmark Advisory Solutions Inc. Increases Position in Starbucks Corporation $SBUX

Vestmark Advisory Solutions Inc. boosted its holdings in Starbucks Corporation (NASDAQ:SBUX) by 29.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 54,871 shares of the coffee company’s stock after buying an additional 12,439 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Starbucks were worth $4,642,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in SBUX. Transce3nd LLC raised its position in shares of Starbucks by 270.3% during the 2nd quarter. Transce3nd LLC now owns 274 shares of the coffee company’s stock worth $25,000 after acquiring an additional 200 shares in the last quarter. Collier Financial purchased a new position in Starbucks in the third quarter valued at approximately $25,000. Y.D. More Investments Ltd acquired a new stake in Starbucks during the third quarter worth approximately $26,000. MTM Investment Management LLC purchased a new stake in shares of Starbucks during the 2nd quarter worth approximately $28,000. Finally, PFS Partners LLC lifted its position in shares of Starbucks by 457.4% during the 3rd quarter. PFS Partners LLC now owns 340 shares of the coffee company’s stock worth $29,000 after buying an additional 279 shares during the last quarter. 72.29% of the stock is owned by institutional investors and hedge funds.

Starbucks Stock Down 2.8%

SBUX opened at $94.78 on Tuesday. Starbucks Corporation has a 52 week low of $75.50 and a 52 week high of $117.46. The business has a 50 day moving average price of $91.58 and a two-hundred day moving average price of $87.51. The company has a market cap of $107.98 billion, a PE ratio of 78.33, a P/E/G ratio of 2.18 and a beta of 0.96.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Wednesday, January 28th. The coffee company reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.03). Starbucks had a negative return on equity of 28.66% and a net margin of 3.63%.The company had revenue of $9.92 billion for the quarter, compared to analyst estimates of $9.62 billion. During the same period in the prior year, the business earned $0.69 earnings per share. Starbucks’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, sell-side analysts expect that Starbucks Corporation will post 2.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SBUX has been the topic of several research analyst reports. Bank of America set a $114.00 price target on shares of Starbucks in a research note on Wednesday, January 21st. Citigroup dropped their price objective on Starbucks from $94.00 to $92.00 and set a “neutral” rating on the stock in a report on Monday, February 2nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $113.00 target price on shares of Starbucks in a report on Thursday, January 29th. BTIG Research restated a “buy” rating and set a $105.00 price target on shares of Starbucks in a research note on Thursday, January 29th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Starbucks in a research note on Monday, December 29th. Eighteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.