Prospera Financial Services Inc Sells 6,871 Shares of Starbucks Corporation $SBUX

Prospera Financial Services Inc lowered its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 12.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,613 shares of the coffee company’s stock after selling 6,871 shares during the quarter. Prospera Financial Services Inc’s holdings in Starbucks were worth $4,114,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. boosted its position in Starbucks by 0.7% in the second quarter. Vanguard Group Inc. now owns 112,861,623 shares of the coffee company’s stock worth $10,341,511,000 after purchasing an additional 802,053 shares during the last quarter. State Street Corp raised its stake in shares of Starbucks by 1.2% during the 2nd quarter. State Street Corp now owns 47,513,332 shares of the coffee company’s stock worth $4,353,647,000 after purchasing an additional 544,534 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Starbucks by 0.4% in the 2nd quarter. Geode Capital Management LLC now owns 25,846,634 shares of the coffee company’s stock worth $2,357,815,000 after buying an additional 99,983 shares during the last quarter. Norges Bank bought a new position in Starbucks during the second quarter valued at about $1,246,316,000. Finally, Invesco Ltd. increased its holdings in Starbucks by 11.2% during the second quarter. Invesco Ltd. now owns 12,757,954 shares of the coffee company’s stock worth $1,169,011,000 after buying an additional 1,286,451 shares during the last quarter. 72.29% of the stock is owned by institutional investors.

Starbucks Price Performance

NASDAQ:SBUX opened at $99.12 on Thursday. Starbucks Corporation has a 1 year low of $75.50 and a 1 year high of $117.46. The stock’s fifty day moving average price is $89.81 and its two-hundred day moving average price is $87.26. The company has a market cap of $112.93 billion, a P/E ratio of 81.92, a P/E/G ratio of 2.18 and a beta of 0.96.

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 the consensus estimate of $0.59 by ($0.03). The company had revenue of $9.92 billion during the quarter, compared to analysts’ expectations of $9.62 billion. Starbucks had a net margin of 3.63% and a negative return on equity of 28.66%. Starbucks’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.69 earnings per share. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. On average, analysts expect that Starbucks Corporation will post 2.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on SBUX. UBS Group reiterated a “neutral” rating on shares of Starbucks in a research note on Friday, January 30th. New Street Research set a $90.00 price objective on Starbucks in a research note on Tuesday, January 27th. Evercore reissued an “outperform” rating on shares of Starbucks in a report on Wednesday, January 28th. BMO Capital Markets restated an “outperform” rating and issued a $120.00 target price on shares of Starbucks in a research note on Friday, January 30th. Finally, Guggenheim reiterated a “buy” rating and set a $90.00 price target on shares of Starbucks in a research note on Monday, January 26th. Eighteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price 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.