Raiffeisen Bank International AG boosted its position in Starbucks Corporation (NASDAQ:SBUX – Free Report) by 78.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,250 shares of the coffee company’s stock after purchasing an additional 8,029 shares during the quarter. Raiffeisen Bank International AG’s holdings in Starbucks were worth $1,563,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the business. Nordea Investment Management AB lifted its position in shares of Starbucks by 3.2% during the 3rd quarter. Nordea Investment Management AB now owns 433,112 shares of the coffee company’s stock valued at $36,576,000 after buying an additional 13,262 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in Starbucks by 3.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 548,768 shares of the coffee company’s stock worth $46,426,000 after acquiring an additional 16,428 shares during the period. Providence Capital Advisors LLC purchased a new position in Starbucks during the third quarter valued at approximately $6,099,000. Allstate Corp bought a new position in shares of Starbucks in the third quarter worth approximately $3,491,000. Finally, Envestnet Asset Management Inc. increased its stake in shares of Starbucks by 10.6% in the third quarter. Envestnet Asset Management Inc. now owns 4,241,131 shares of the coffee company’s stock worth $358,800,000 after purchasing an additional 405,331 shares in the last quarter. Institutional investors own 72.29% of the company’s stock.
Starbucks Trading Up 1.8%
Shares of Starbucks stock opened at $97.49 on Friday. The firm has a market cap of $111.07 billion, a PE ratio of 80.57, a PEG ratio of 2.18 and a beta of 0.96. The stock has a 50 day moving average of $91.39 and a 200 day moving average of $87.50. Starbucks Corporation has a 12 month low of $75.50 and a 12 month high of $117.46.
Starbucks News Summary
Here are the key news stories impacting Starbucks this week:
- Positive Sentiment: Morning traffic recovery — several reports note Starbucks is winning back morning customers, supporting higher same-store sales and reinforcing core-store economics that underpin margin recovery. Starbucks Needs You to Buy an Afternoon Refresher WSJ: Starbucks Needs You to Buy an Afternoon Refresher
- Positive Sentiment: Brand/PR boost — company grant to Feed the Children highlights CSR programs (FoodShare) and community engagement, modestly supportive of reputation and long-term brand value. Feed the Children Strengthens Hunger Relief Efforts Through Starbucks FoodShare Capacity Building Grant
- Neutral Sentiment: Valuation/analysis coverage — a DuPont-based valuation piece and buy/hold comparisons (Dutch Bros vs Starbucks) are prompting debate on whether SBUX should be treated as a growth or value story; this sustains analyst activity and trading interest but offers mixed directional signal. Seeking Alpha: 3-Step DuPont Model Fool: Dutch Bros vs. Starbucks
- Neutral Sentiment: Positive same-store anecdotes (e.g., viral cake-pop sales) provide short-term PR but so far haven’t overridden broader concerns. TipRanks: Cake Pop Sales
- Negative Sentiment: India expansion is a drag — multiple reports say Starbucks is expanding store counts and localizing menus in India despite rising losses there; investors worry about margin dilution and cash burn from aggressive rollout. Market Chatter: Starbucks India Expands TipRanks: Ramps Up Expansion in Loss-Making India
- Negative Sentiment: Reassessment/uncertainty in India — follow-up pieces note the company is reconsidering aspects of its India strategy, creating execution risk and short-term stock pressure. TipRanks: Reconsiders the Indian Market
- Negative Sentiment: Corporate governance/labor scrutiny — an investor revolt over labor oversight and board scrutiny raises governance risk and could lead to activism or reputational/headline pressure. Yahoo: Investor Revolt Over Starbucks Labor Oversight
Analyst Ratings Changes
A number of research firms recently weighed in on SBUX. Mizuho lifted their target price on shares of Starbucks from $86.00 to $95.00 and gave the company a “neutral” rating in a research note on Monday, January 26th. Sanford C. Bernstein restated an “outperform” rating on shares of Starbucks in a research report on Monday, January 26th. New Street Research set a $90.00 price objective on Starbucks in a research note on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $113.00 target price on shares of Starbucks in a research note on Thursday, January 29th. Finally, Piper Sandler restated an “overweight” rating and issued a $103.00 price target (up from $100.00) on shares of Starbucks in a research note on Friday, January 30th. Eighteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $104.31.
Check Out Our Latest Research Report on Starbucks
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.
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