Starbucks Corporation $SBUX Holdings Decreased by Wealthfront Advisers LLC

Wealthfront Advisers LLC lowered its stake in Starbucks Corporation (NASDAQ:SBUX) by 19.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 75,673 shares of the coffee company’s stock after selling 18,798 shares during the quarter. Wealthfront Advisers LLC’s holdings in Starbucks were worth $6,402,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Transce3nd LLC increased its stake in shares of Starbucks by 270.3% during 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 period. Collier Financial bought a new position in Starbucks during the 3rd quarter valued at $25,000. MTM Investment Management LLC acquired a new position in shares of Starbucks during the 2nd quarter valued at $28,000. PFS Partners LLC increased its position in shares of Starbucks by 457.4% during the 3rd quarter. PFS Partners LLC now owns 340 shares of the coffee company’s stock valued at $29,000 after purchasing an additional 279 shares during the period. Finally, RMG Wealth Management LLC raised its stake in shares of Starbucks by 109.9% in the 3rd quarter. RMG Wealth Management LLC now owns 382 shares of the coffee company’s stock worth $33,000 after buying an additional 200 shares in the last quarter. 72.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Starbucks in a research note on Monday, December 29th. Guggenheim reiterated a “buy” rating and issued a $90.00 target price on shares of Starbucks in a report on Monday, January 26th. Morgan Stanley set a $105.00 target price on shares of Starbucks and gave the company an “overweight” rating in a research note on Monday, October 20th. Bank of America set a $114.00 target price on shares of Starbucks in a report on Wednesday, January 21st. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Starbucks in a report on Monday, January 26th. Eighteen equities 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. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $104.31.

Starbucks Stock Performance

Shares of NASDAQ:SBUX opened at $96.76 on Friday. The firm has a 50 day simple moving average of $90.04 and a 200 day simple moving average of $87.33. Starbucks Corporation has a 52 week low of $75.50 and a 52 week high of $117.46. The company has a market cap of $110.24 billion, a PE ratio of 79.97, a price-to-earnings-growth ratio of 2.22 and a beta of 0.96.

Starbucks (NASDAQ:SBUX) last released 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 business had revenue of $9.92 billion during the quarter, compared to analysts’ expectations of $9.62 billion. During the same quarter in the previous year, the company earned $0.69 EPS. Starbucks’s revenue for the quarter was up 5.5% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. On average, equities analysts predict that Starbucks Corporation will post 2.99 earnings per share for the current year.

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.