Swiss National Bank Sells 162,700 Shares of Starbucks Corporation $SBUX

Swiss National Bank cut its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 4.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,275,800 shares of the coffee company’s stock after selling 162,700 shares during the period. Swiss National Bank’s holdings in Starbucks were worth $277,133,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted 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 valued at $16,126,000 after acquiring an additional 81,952 shares during the period. Schnieders Capital Management LLC. increased its stake in Starbucks by 47.0% in the second quarter. Schnieders Capital Management LLC. now owns 3,642 shares of the coffee company’s stock worth $334,000 after purchasing an additional 1,164 shares during the period. Paradigm Asset Management Co. LLC bought a new stake in shares of Starbucks during the second quarter worth $302,000. AE Wealth Management LLC boosted its stake in shares of Starbucks by 13.7% during the second quarter. AE Wealth Management LLC now owns 42,372 shares of the coffee company’s stock valued at $3,883,000 after purchasing an additional 5,098 shares during the period. Finally, Prospera Financial Services Inc grew its holdings in shares of Starbucks by 3.8% in the second quarter. Prospera Financial Services Inc now owns 55,484 shares of the coffee company’s stock worth $5,086,000 after purchasing an additional 2,031 shares during the last quarter. 72.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SBUX shares. Mizuho lifted 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. Zacks Research raised shares of Starbucks from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 27th. TD Cowen reissued a “hold” rating and issued a $89.00 price objective (up from $84.00) on shares of Starbucks in a research note on Friday, January 30th. Wells Fargo & Company set a $110.00 price objective on Starbucks in a report on Wednesday, January 28th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Starbucks in a report on Wednesday. Seventeen analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $104.22.

Starbucks Stock Performance

Shares of SBUX opened at $98.99 on Monday. The company has a 50 day moving average price of $93.71 and a 200-day moving average price of $87.87. Starbucks Corporation has a fifty-two week low of $75.50 and a fifty-two week high of $106.86. The stock has a market capitalization of $112.78 billion, a PE ratio of 81.81, a PEG ratio of 2.21 and a beta of 0.93.

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 the consensus estimate of $0.59 by ($0.03). The business had revenue of $9.92 billion for the quarter, compared to analysts’ expectations 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 period in the previous year, the business earned $0.69 earnings per share. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. Equities research analysts forecast 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.