Zions Bancorporation National Association UT Buys 9,747 Shares of Starbucks Corporation $SBUX

Zions Bancorporation National Association UT boosted its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 31.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 40,420 shares of the coffee company’s stock after purchasing an additional 9,747 shares during the quarter. Zions Bancorporation National Association UT’s holdings in Starbucks were worth $3,420,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Cooper Haims Advisors LLC grew its holdings 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 lifted 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 valued at $447,000 after acquiring an additional 122 shares in the last quarter. Pioneer Trust Bank N A OR lifted its position in Starbucks by 1.1% in 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 in the last quarter. Catalyst Capital Advisors LLC boosted its stake in Starbucks by 6.6% during the 2nd quarter. Catalyst Capital Advisors LLC now owns 2,049 shares of the coffee company’s stock valued at $188,000 after purchasing an additional 126 shares during the last quarter. Finally, Pavion Blue Capital LLC increased its holdings in shares of Starbucks by 0.9% in the 2nd quarter. Pavion Blue Capital LLC now owns 14,118 shares of the coffee company’s stock worth $1,294,000 after purchasing an additional 126 shares in the last quarter. 72.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Wall Street Zen raised Starbucks from a “sell” rating to a “hold” rating in a research report on Saturday, November 22nd. Wells Fargo & Company set a $110.00 target price on shares of Starbucks in a research note on Wednesday, January 28th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Starbucks in a report on Monday, January 26th. Mizuho boosted their price objective on shares of Starbucks from $86.00 to $95.00 and gave the company a “neutral” rating in a report on Monday, January 26th. Finally, Dbs Bank cut shares of Starbucks from a “hold” rating to a “strong sell” rating in a report on Friday, November 7th. Eighteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $104.31.

Starbucks Trading Down 3.1%

Shares of NASDAQ SBUX opened at $93.79 on Monday. Starbucks Corporation has a 12-month low of $75.50 and a 12-month high of $117.46. The firm has a market capitalization of $106.85 billion, a price-to-earnings ratio of 77.51, a price-to-earnings-growth ratio of 2.10 and a beta of 0.96. The firm has a 50 day moving average of $90.22 and a 200 day moving average of $87.25.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $9.62 billion. During the same period in the previous year, the firm earned $0.69 EPS. The company’s revenue was up 5.5% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. Sell-side analysts predict that Starbucks Corporation will post 2.99 EPS for the current year.

Starbucks Company 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.