M&G PLC Has $11.70 Million Stake in Starbucks Corporation $SBUX

M&G PLC reduced its position in Starbucks Corporation (NASDAQ:SBUX) by 26.0% in the 3rd quarter, Holdings Channel reports. The firm owned 137,653 shares of the coffee company’s stock after selling 48,467 shares during the quarter. M&G PLC’s holdings in Starbucks were worth $11,701,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Starbucks by 0.5% in the third quarter. Vanguard Group Inc. now owns 113,438,902 shares of the coffee company’s stock valued at $9,596,931,000 after acquiring an additional 577,279 shares during the period. State Street Corp boosted its holdings in Starbucks by 1.2% during the second quarter. State Street Corp now owns 47,513,332 shares of the coffee company’s stock valued at $4,353,647,000 after purchasing an additional 544,534 shares in the last quarter. Geode Capital Management LLC grew its stake 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 valued at $2,357,815,000 after purchasing an additional 99,983 shares during the period. Norges Bank acquired a new position in shares of Starbucks in the 2nd quarter worth approximately $1,246,316,000. Finally, Invesco Ltd. lifted its position in shares of Starbucks by 11.2% during the 2nd 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 period. Institutional investors own 72.29% of the company’s stock.

Starbucks Stock Down 3.1%

Shares of SBUX stock opened at $93.79 on Tuesday. The stock has a 50-day moving average price of $90.42 and a 200 day moving average price of $87.28. The firm has a market cap of $106.85 billion, a price-to-earnings ratio of 77.51, a PEG ratio of 2.10 and a beta of 0.96. Starbucks Corporation has a 12 month low of $75.50 and a 12 month high of $117.46.

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on SBUX shares. Guggenheim reiterated a “buy” rating and issued a $90.00 price target on shares of Starbucks in a research report on Monday, January 26th. Citigroup lowered their target price on shares of Starbucks from $94.00 to $92.00 and set a “neutral” rating on the stock in a report on Monday, February 2nd. Royal Bank Of Canada reiterated an “outperform” rating and set a $105.00 target price on shares of Starbucks in a research report on Thursday, January 29th. Bank of America set a $114.00 price target on shares of Starbucks in a research report on Wednesday, January 21st. Finally, Mizuho raised their price objective on shares of Starbucks from $86.00 to $95.00 and gave the stock a “neutral” rating in a report on Monday, January 26th. Eighteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $104.31.

Starbucks 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.