NEOS Investment Management LLC Increases Stock Position in Starbucks Corporation $SBUX

NEOS Investment Management LLC boosted its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 60.0% in the third quarter, Holdings Channel.com reports. The firm owned 502,941 shares of the coffee company’s stock after acquiring an additional 188,682 shares during the period. NEOS Investment Management LLC’s holdings in Starbucks were worth $42,549,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings in Starbucks by 86.5% during the 4th quarter. Brighton Jones LLC now owns 176,722 shares of the coffee company’s stock worth $16,126,000 after purchasing an additional 81,952 shares during the last quarter. Balboa Wealth Partners grew its position in shares of Starbucks by 8.6% during the second quarter. Balboa Wealth Partners now owns 3,236 shares of the coffee company’s stock worth $297,000 after buying an additional 255 shares in the last quarter. Stephens Inc. AR increased its stake in shares of Starbucks by 13.9% in the second quarter. Stephens Inc. AR now owns 79,054 shares of the coffee company’s stock worth $7,244,000 after buying an additional 9,666 shares during the last quarter. Accretive Wealth Partners LLC raised its holdings in Starbucks by 1.6% in the second quarter. Accretive Wealth Partners LLC now owns 18,486 shares of the coffee company’s stock valued at $1,694,000 after acquiring an additional 290 shares in the last quarter. Finally, FLC Capital Advisors boosted its stake in Starbucks by 9.6% during the 2nd quarter. FLC Capital Advisors now owns 10,351 shares of the coffee company’s stock valued at $948,000 after acquiring an additional 905 shares during the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Price Performance

NASDAQ:SBUX opened at $93.79 on Tuesday. The firm has a market capitalization of $106.85 billion, a P/E ratio of 77.51, a P/E/G ratio of 2.10 and a beta of 0.96. The business has a 50 day simple moving average of $90.42 and a 200 day simple moving average of $87.28. Starbucks Corporation has a 12-month low of $75.50 and a 12-month high of $117.46.

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). The company had revenue of $9.92 billion during the quarter, compared to the consensus estimate of $9.62 billion. Starbucks had a net margin of 3.63% and a negative return on equity of 28.66%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.69 earnings per share. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. Research analysts anticipate that Starbucks Corporation will post 2.99 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. William Blair upgraded shares of Starbucks from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 22nd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $105.00 target price on shares of Starbucks in a research report on Thursday, January 29th. Wall Street Zen raised Starbucks from a “sell” rating to a “hold” rating in a research report on Saturday, November 22nd. New Street Research set a $90.00 price objective on shares of Starbucks in a report on Tuesday, January 27th. Finally, TD Cowen reissued a “hold” rating and set a $89.00 target price (up from $84.00) on shares of Starbucks in a report on Friday, January 30th. Eighteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Starbucks presently has an average rating of “Moderate Buy” and a consensus target price of $104.31.

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.