Mitsubishi UFJ Asset Management Co. Ltd. Grows Stake in Starbucks Corporation $SBUX

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Starbucks Corporation (NASDAQ:SBUX) by 4.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,364,341 shares of the coffee company’s stock after purchasing an additional 100,125 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Starbucks were worth $200,023,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Nordea Investment Management AB grew its position in Starbucks by 3.2% during the 3rd 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 last quarter. Asset Management One Co. Ltd. raised its holdings 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 worth $46,426,000 after buying an additional 16,428 shares during the last quarter. Providence Capital Advisors LLC acquired a new stake in shares of Starbucks during the third quarter worth $6,099,000. Allstate Corp acquired a new stake in shares of Starbucks during the third quarter worth $3,491,000. Finally, Lantz Financial LLC grew its holdings in shares of Starbucks by 346.6% during the third quarter. Lantz Financial LLC now owns 17,833 shares of the coffee company’s stock valued at $1,509,000 after buying an additional 13,840 shares during the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Dbs Bank lowered Starbucks from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. New Street Research set a $90.00 price objective on Starbucks in a report on Tuesday, January 27th. Sanford C. Bernstein restated an “outperform” rating on shares of Starbucks in a research note on Monday, January 26th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Starbucks in a report on Monday, December 29th. Finally, Wells Fargo & Company set a $110.00 target price on Starbucks in a research report on Wednesday, January 28th. Eighteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.31.

Starbucks Stock Up 0.1%

Shares of SBUX stock opened at $98.05 on Friday. Starbucks Corporation has a 52-week low of $75.50 and a 52-week high of $117.46. The stock has a market cap of $111.71 billion, a PE ratio of 81.03, a price-to-earnings-growth ratio of 2.19 and a beta of 0.96. The business has a 50-day simple moving average of $92.23 and a 200-day simple moving average of $87.69.

Starbucks (NASDAQ:SBUX) last posted its earnings results on Wednesday, January 28th. The coffee company reported $0.56 EPS 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 last year, the business earned $0.69 earnings per share. The firm’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. Sell-side analysts anticipate that Starbucks Corporation will post 2.99 earnings per share for the current fiscal 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.