State Street Corp Has $5.03 Billion Stock Holdings in Starbucks Corporation $SBUX

State Street Corp boosted its position in Starbucks Corporation (NASDAQ:SBUX) by 3.2% during the second quarter, HoldingsChannel.com reports. The fund owned 49,260,268 shares of the coffee company’s stock after buying an additional 1,530,497 shares during the quarter. State Street Corp’s holdings in Starbucks were worth $5,033,907,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SBUX. Cornerstone Financial Management LLC acquired a new stake in shares of Starbucks in the 4th quarter valued at approximately $25,000. Phillip James Consulting Co. bought a new stake in shares of Starbucks during the fourth quarter worth $25,000. Meeder Asset Management Inc. acquired a new position in shares of Starbucks during the second quarter worth $25,000. Black Cypress Capital Management LLC bought a new position in shares of Starbucks in the 2nd quarter valued at $27,000. Finally, Financial Freedom LLC grew its position in Starbucks by 296.2% during the 1st quarter. Financial Freedom LLC now owns 313 shares of the coffee company’s stock worth $28,000 after acquiring an additional 234 shares during the last quarter. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Sanford C. Bernstein cut Starbucks from an “outperform” rating to a “market perform” rating in a report on Monday, August 3rd. Raymond James Financial cut Starbucks to an “outperform” rating in a report on Monday, August 3rd. DA Davidson upped their price objective on Starbucks from $102.00 to $110.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Citigroup lifted their target price on shares of Starbucks from $108.00 to $112.00 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $126.00 target price on shares of Starbucks in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $110.30.

Starbucks Stock Performance

Shares of NASDAQ:SBUX traded up $0.23 during trading on Tuesday, reaching $95.13. The stock had a trading volume of 2,533,701 shares, compared to its average volume of 7,959,459. Starbucks Corporation has a 52 week low of $77.99 and a 52 week high of $110.51. The firm’s fifty day moving average is $104.18 and its 200 day moving average is $101.29. The stock has a market cap of $108.45 billion, a price-to-earnings ratio of 54.74, a P/E/G ratio of 1.65 and a beta of 0.97.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Wednesday, July 29th. The coffee company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.19. Starbucks had a net margin of 5.17% and a negative return on equity of 34.10%. The business had revenue of $9.32 billion for the quarter, compared to analysts’ expectations of $9.17 billion. During the same quarter in the prior year, the firm posted $0.50 earnings per share. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. On average, research analysts forecast that Starbucks Corporation will post 2.64 earnings per share for the current fiscal year.

Insider Buying and Selling at Starbucks

In related news, CEO Brady Brewer sold 2,229 shares of the business’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of $105.60, for a total transaction of $235,382.40. Following the transaction, the chief executive officer owned 73,149 shares in the company, valued at $7,724,534.40. The trade was a 2.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 6,687 shares of company stock valued at $703,450. Insiders own 0.03% of the company’s stock.

Starbucks Profile

Starbucks Corporation is a global coffeehouse company that roasts, markets and sells specialty coffee, tea, cold beverages, food and other related products. Its offerings include brewed coffee, espresso-based beverages, cold drinks, teas, pastries, breakfast items and packaged coffee and tea products. Starbucks also sells branded merchandise, including drinkware and related accessories.

Founded in 1971 in Seattle, Starbucks has grown from a local coffee retailer into an international business.