Raiffeisen Bank International AG Purchases 8,029 Shares of Starbucks Corporation $SBUX

Raiffeisen Bank International AG boosted its position in Starbucks Corporation (NASDAQ:SBUXFree 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 (NASDAQ:SBUXGet Free Report) last issued its quarterly earnings data on Wednesday, January 28th. The coffee company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.03). Starbucks had a negative return on equity of 28.66% and a net margin of 3.63%.The firm had revenue of $9.92 billion for the quarter, compared to analysts’ expectations of $9.62 billion. During the same period last year, the company earned $0.69 earnings per share. The firm’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. As a group, equities research analysts forecast that Starbucks Corporation will post 2.99 earnings per share for the current fiscal year.

Starbucks News Summary

Here are the key news stories impacting Starbucks this week:

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

(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.

Further Reading

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)

Receive News & Ratings for Starbucks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Starbucks and related companies with MarketBeat.com's FREE daily email newsletter.