Van ECK Associates Corp Increases Position in Starbucks Corporation $SBUX

Van ECK Associates Corp raised its stake in Starbucks Corporation (NASDAQ:SBUX) by 0.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,264,183 shares of the coffee company’s stock after purchasing an additional 8,329 shares during the period. Van ECK Associates Corp owned about 0.20% of Starbucks worth $188,878,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of SBUX. Transce3nd LLC lifted its holdings in shares of Starbucks by 270.3% during the second quarter. Transce3nd LLC now owns 274 shares of the coffee company’s stock worth $25,000 after purchasing an additional 200 shares during the period. Collier Financial purchased a new stake in shares of Starbucks during the 3rd quarter worth approximately $25,000. Y.D. More Investments Ltd purchased a new position in shares of Starbucks in the third quarter valued at $26,000. MTM Investment Management LLC acquired a new stake in shares of Starbucks in the second quarter valued at approximately $28,000. Finally, PFS Partners LLC increased its position in 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 buying an additional 279 shares in the last quarter. 72.29% of the stock is owned by hedge funds and other institutional investors.

Starbucks Stock Performance

NASDAQ:SBUX opened at $100.77 on Wednesday. Starbucks Corporation has a 52 week low of $75.50 and a 52 week high of $104.82. The stock’s 50 day moving average price is $94.31 and its 200 day moving average price is $88.03. The company has a market capitalization of $114.81 billion, a P/E ratio of 83.28, a P/E/G ratio of 2.24 and a beta of 0.93.

Starbucks (NASDAQ:SBUX) last posted 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 firm had revenue of $9.92 billion during the quarter, compared to analyst estimates of $9.62 billion. During the same quarter in the previous year, the business posted $0.69 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. As a group, sell-side analysts forecast that Starbucks Corporation will post 2.99 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Starbucks news, EVP Sara Kelly sold 2,500 shares of the firm’s stock in a transaction dated Thursday, March 5th. The shares were 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 in the company, valued at approximately $5,789,226.08. This trade represents a 4.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Brady Brewer sold 1,641 shares of Starbucks stock in a transaction 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 sale, the chief executive officer directly owned 86,605 shares of the company’s stock, valued at $8,411,077.60. This represents a 1.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Mizuho increased their target price on Starbucks from $86.00 to $95.00 and gave the stock a “neutral” rating in a research report on Monday, January 26th. Sanford C. Bernstein reissued an “outperform” rating on shares of Starbucks in a research report on Wednesday, March 4th. UBS Group reissued a “neutral” rating on shares of Starbucks in a research report on Friday, January 30th. BMO Capital Markets restated an “outperform” rating and issued a $120.00 target price on shares of Starbucks in a research note on Friday, January 30th. Finally, William Blair raised Starbucks from a “market perform” rating to an “outperform” rating in a report on Thursday, January 22nd. Seventeen research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $104.22.

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.