US Bancorp DE Has $71.27 Million Stock Holdings in Starbucks Corporation $SBUX

US Bancorp DE decreased its position in Starbucks Corporation (NASDAQ:SBUX) by 4.5% during the 3rd quarter, Holdings Channel reports. The firm owned 842,382 shares of the coffee company’s stock after selling 39,712 shares during the quarter. US Bancorp DE’s holdings in Starbucks were worth $71,267,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Transce3nd LLC raised its stake in shares of Starbucks by 270.3% in the second quarter. Transce3nd LLC now owns 274 shares of the coffee company’s stock valued at $25,000 after acquiring an additional 200 shares during the last quarter. Collier Financial bought a new position in Starbucks in the 3rd quarter valued at $25,000. Y.D. More Investments Ltd bought a new position in Starbucks in the 3rd quarter valued at $26,000. MTM Investment Management LLC acquired a new position in Starbucks in the second quarter worth $28,000. Finally, PFS Partners LLC grew its holdings in shares of Starbucks by 457.4% during the third quarter. PFS Partners LLC now owns 340 shares of the coffee company’s stock worth $29,000 after purchasing an additional 279 shares during the last quarter. 72.29% of the stock is owned by institutional investors.

Starbucks Stock Up 0.1%

SBUX stock opened at $98.05 on Friday. Starbucks Corporation has a twelve month low of $75.50 and a twelve month high of $117.46. The company has a market cap of $111.71 billion, a P/E ratio of 81.03, a price-to-earnings-growth ratio of 2.19 and a beta of 0.96. The business’s fifty day moving average is $92.23 and its 200-day moving average is $87.69.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Wednesday, January 28th. The coffee company reported $0.56 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 company had revenue of $9.92 billion during the quarter, compared to the consensus estimate of $9.62 billion. During the same quarter in the prior year, the company posted $0.69 EPS. The company’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. Research analysts anticipate that Starbucks Corporation will post 2.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SBUX. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $113.00 price target on shares of Starbucks in a research report on Thursday, January 29th. Wall Street Zen raised shares of Starbucks from a “sell” rating to a “hold” rating in a research note on Saturday, November 22nd. Bank of America set a $114.00 price objective on shares of Starbucks in a research report on Wednesday, January 21st. William Blair upgraded Starbucks from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 22nd. Finally, Evercore reissued an “outperform” rating on shares of Starbucks in a research note on Wednesday, January 28th. Eighteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $104.31.

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.