Capital International Investors Raises Holdings in Starbucks Corporation $SBUX

Capital International Investors grew its holdings in Starbucks Corporation (NASDAQ:SBUXFree Report) by 22.5% in the third quarter, Holdings Channel reports. The firm owned 14,691,772 shares of the coffee company’s stock after buying an additional 2,699,479 shares during the quarter. Capital International Investors’ holdings in Starbucks were worth $1,243,104,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cooper Haims Advisors LLC boosted its position in shares of Starbucks by 3.0% during the second quarter. Cooper Haims Advisors LLC now owns 3,749 shares of the coffee company’s stock valued at $344,000 after buying an additional 110 shares during the last quarter. Silver Oak Securities Incorporated raised its position in Starbucks by 2.4% in the 3rd quarter. Silver Oak Securities Incorporated now owns 5,288 shares of the coffee company’s stock worth $447,000 after buying an additional 122 shares during the last quarter. Winch Advisory Services LLC lifted its stake in Starbucks by 1.1% during the 3rd quarter. Winch Advisory Services LLC now owns 11,004 shares of the coffee company’s stock valued at $931,000 after acquiring an additional 123 shares during the period. Pioneer Trust Bank N A OR lifted its stake in Starbucks by 1.1% during the 3rd quarter. Pioneer Trust Bank N A OR now owns 11,437 shares of the coffee company’s stock valued at $968,000 after acquiring an additional 125 shares during the period. Finally, Cary Street Partners Investment Advisory LLC boosted its holdings in shares of Starbucks by 3.5% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 3,765 shares of the coffee company’s stock valued at $345,000 after acquiring an additional 126 shares during the last quarter. 72.29% of the stock is owned by institutional investors.

Insider Buying and Selling at Starbucks

In other Starbucks news, CEO Brady Brewer sold 1,641 shares of the business’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $97.12, for a total transaction of $159,373.92. Following the completion of the sale, the chief executive officer owned 86,605 shares of the company’s stock, valued at approximately $8,411,077.60. The trade was a 1.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Sara Kelly sold 2,500 shares of the company’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $97.12, for a total value of $242,800.00. Following the completion of the sale, the executive vice president owned 59,609 shares of the company’s stock, valued at approximately $5,789,226.08. The trade was a 4.03% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

SBUX has been the subject of several research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $113.00 price objective on shares of Starbucks in a report on Thursday, January 29th. DA Davidson began coverage on shares of Starbucks in a report on Friday. They issued a “neutral” rating and a $97.00 target price on the stock. TD Cowen reaffirmed a “hold” rating and issued a $89.00 target price (up from $84.00) on shares of Starbucks in a research report on Friday, January 30th. Wells Fargo & Company set a $110.00 price target on Starbucks in a report on Wednesday, January 28th. Finally, Wall Street Zen upgraded Starbucks from a “sell” rating to a “hold” rating in a research note on Saturday, November 22nd. Seventeen analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $104.22.

Check Out Our Latest Report on SBUX

Key Stories Impacting Starbucks

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Starbucks Trading Up 0.8%

SBUX opened at $99.77 on Tuesday. The company’s 50 day moving average is $94.00 and its 200 day moving average is $87.95. The company has a market cap of $113.67 billion, a price-to-earnings ratio of 82.45, a PEG ratio of 2.21 and a beta of 0.93. Starbucks Corporation has a 12-month low of $75.50 and a 12-month high of $106.00.

Starbucks (NASDAQ:SBUXGet Free Report) last announced its earnings results 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 business had revenue of $9.92 billion for the quarter, compared to analysts’ expectations of $9.62 billion. During the same period in the prior year, the company posted $0.69 earnings per share. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. As a group, analysts predict that Starbucks Corporation will post 2.99 EPS for the current fiscal year.

About Starbucks

(Free Report)

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.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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