Neo Ivy Capital Management Decreases Stock Holdings in Starbucks Corporation $SBUX

Neo Ivy Capital Management trimmed its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 88.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,360 shares of the coffee company’s stock after selling 18,206 shares during the period. Neo Ivy Capital Management’s holdings in Starbucks were worth $200,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Norges Bank purchased a new position in Starbucks during the 2nd quarter valued at about $1,246,316,000. Corient Private Wealth LLC lifted its holdings in Starbucks by 146.6% in the 2nd quarter. Corient Private Wealth LLC now owns 6,049,192 shares of the coffee company’s stock worth $553,201,000 after buying an additional 3,596,014 shares during the period. Invesco Ltd. grew its position in shares of Starbucks by 11.2% in the 2nd quarter. Invesco Ltd. now owns 12,757,954 shares of the coffee company’s stock worth $1,169,011,000 after buying an additional 1,286,451 shares during the last quarter. California Public Employees Retirement System increased its stake in shares of Starbucks by 68.0% during the second quarter. California Public Employees Retirement System now owns 3,027,814 shares of the coffee company’s stock valued at $277,439,000 after buying an additional 1,225,447 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Starbucks by 22.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 5,578,977 shares of the coffee company’s stock valued at $511,202,000 after buying an additional 1,026,056 shares during the period. 72.29% of the stock is owned by institutional investors.

Starbucks Trading Up 0.3%

Shares of SBUX stock opened at $98.99 on Monday. The company’s fifty day moving average price is $93.71 and its 200-day moving average price is $87.87. The stock has a market cap of $112.78 billion, a PE ratio of 81.81, a price-to-earnings-growth ratio of 2.21 and a beta of 0.93. Starbucks Corporation has a 12 month low of $75.50 and a 12 month high of $106.86.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results 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 business had revenue of $9.92 billion during the quarter, compared to the consensus estimate of $9.62 billion. During the same quarter in the previous year, the business earned $0.69 earnings per share. The firm’s 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. On average, sell-side analysts forecast that Starbucks Corporation will post 2.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. UBS Group reiterated a “neutral” rating on shares of Starbucks in a report on Friday, January 30th. Barclays set a $116.00 price objective on shares of Starbucks and gave the stock an “overweight” rating in a report on Friday, January 30th. 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. Guggenheim reiterated a “neutral” rating and set a $95.00 price target (up from $90.00) on shares of Starbucks in a research report on Wednesday. Finally, Wells Fargo & Company set a $110.00 price objective on shares of Starbucks in a report on Wednesday, January 28th. Seventeen research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.