Capital International Sarl Buys 24,252 Shares of Starbucks Corporation $SBUX

Capital International Sarl grew its stake in Starbucks Corporation (NASDAQ:SBUXFree Report) by 5.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 480,163 shares of the coffee company’s stock after buying an additional 24,252 shares during the quarter. Capital International Sarl’s holdings in Starbucks were worth $40,622,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Nordea Investment Management AB boosted its position in Starbucks by 3.2% during the third quarter. Nordea Investment Management AB now owns 433,112 shares of the coffee company’s stock valued at $36,576,000 after purchasing an additional 13,262 shares during the last quarter. Asset Management One Co. Ltd. boosted its holdings in shares of Starbucks by 3.1% in the 3rd quarter. Asset Management One Co. Ltd. now owns 548,768 shares of the coffee company’s stock valued at $46,426,000 after buying an additional 16,428 shares during the last quarter. Providence Capital Advisors LLC bought a new position in shares of Starbucks in the third quarter valued at $6,099,000. Allstate Corp acquired a new position in Starbucks during the third quarter worth $3,491,000. Finally, Vanguard Group Inc. lifted 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 last quarter. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Starbucks News Summary

Here are the key news stories impacting Starbucks this week:

Starbucks Stock Up 0.8%

Shares of SBUX opened at $99.77 on Tuesday. Starbucks Corporation has a 12-month low of $75.50 and a 12-month high of $106.00. The stock has a market cap of $113.67 billion, a P/E ratio of 82.45, a P/E/G ratio of 2.21 and a beta of 0.93. The business’s fifty day moving average is $94.00 and its 200 day moving average is $87.95.

Starbucks (NASDAQ:SBUXGet Free Report) last posted its earnings results on Wednesday, January 28th. The coffee company reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.03). The company had revenue of $9.92 billion during the quarter, compared to the consensus estimate of $9.62 billion. Starbucks had a net margin of 3.63% and a negative return on equity of 28.66%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.69 EPS. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. On average, analysts expect that Starbucks Corporation will post 2.99 EPS for the current year.

Insider Buying and Selling at Starbucks

In other news, EVP Sara Kelly sold 2,500 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $97.12, for a total transaction of $242,800.00. Following the completion of the transaction, the executive vice president owned 59,609 shares in the company, valued at approximately $5,789,226.08. This represents a 4.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brady Brewer sold 1,641 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 86,605 shares of the company’s stock, valued at approximately $8,411,077.60. This trade represents a 1.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.03% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on SBUX shares. UBS Group restated a “neutral” rating on shares of Starbucks in a research note on Friday, January 30th. Mizuho lifted their price target on shares of Starbucks from $86.00 to $95.00 and gave the company a “neutral” rating in a research report on Monday, January 26th. Barclays set a $116.00 price objective on shares of Starbucks and gave the stock an “overweight” rating in a research note on Friday, January 30th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Starbucks in a report on Wednesday, March 4th. Finally, William Blair raised shares of Starbucks from a “market perform” rating to an “outperform” rating in a report on Thursday, January 22nd. Seventeen investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $104.22.

Check Out Our Latest Analysis on SBUX

Starbucks Company Profile

(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.

See Also

Want to see what other hedge funds are holding SBUX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Starbucks Corporation (NASDAQ:SBUXFree Report).

Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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