Capital International Inc. CA Acquires 137,891 Shares of Starbucks Corporation $SBUX

Capital International Inc. CA grew its stake in shares of Starbucks Corporation (NASDAQ:SBUXFree Report) by 23.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 727,558 shares of the coffee company’s stock after purchasing an additional 137,891 shares during the quarter. Capital International Inc. CA’s holdings in Starbucks were worth $61,551,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of SBUX. Vanguard Group Inc. increased its holdings in Starbucks by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 113,438,902 shares of the coffee company’s stock valued at $9,596,931,000 after buying an additional 577,279 shares during the period. State Street Corp raised its stake in Starbucks by 1.2% during the second quarter. State Street Corp now owns 47,513,332 shares of the coffee company’s stock worth $4,353,647,000 after acquiring an additional 544,534 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Starbucks by 0.4% in the 2nd quarter. Geode Capital Management LLC now owns 25,846,634 shares of the coffee company’s stock valued at $2,357,815,000 after purchasing an additional 99,983 shares in the last quarter. Capital International Investors grew its holdings in shares of Starbucks by 22.5% during the 3rd quarter. Capital International Investors now owns 14,691,772 shares of the coffee company’s stock valued at $1,243,104,000 after purchasing an additional 2,699,479 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Starbucks during the 2nd quarter valued at approximately $1,246,316,000. Institutional investors own 72.29% of the company’s stock.

Starbucks Stock Up 0.8%

Shares of Starbucks stock opened at $99.77 on Tuesday. The stock has a market cap of $113.67 billion, a price-to-earnings ratio of 82.45, a P/E/G ratio of 2.21 and a beta of 0.93. Starbucks Corporation has a twelve month low of $75.50 and a twelve month high of $106.00. The company’s fifty day moving average is $94.00 and its 200 day moving average is $87.95.

Starbucks (NASDAQ:SBUXGet Free Report) last announced its earnings results on Wednesday, January 28th. The coffee company reported $0.56 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.03). The company had revenue of $9.92 billion for the quarter, compared to analyst estimates of $9.62 billion. Starbucks had a negative return on equity of 28.66% and a net margin of 3.63%.The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.69 earnings per share. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. As a group, equities analysts anticipate that Starbucks Corporation will post 2.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. BTIG Research reissued a “buy” rating and issued a $105.00 price objective on shares of Starbucks in a research note on Thursday, January 29th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Starbucks in a research note on Wednesday, March 4th. New Street Research set a $90.00 price objective on Starbucks in a report on Tuesday, January 27th. Zacks Research upgraded Starbucks from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 27th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $105.00 target price on shares of Starbucks in a report on Thursday, January 29th. Seventeen analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $104.22.

Read Our Latest Stock Report on SBUX

Key Starbucks News

Here are the key news stories impacting Starbucks this week:

Insider Buying and Selling at Starbucks

In related news, CEO Brady Brewer sold 1,641 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $97.12, for a total value of $159,373.92. Following the transaction, the chief executive officer directly owned 86,605 shares in the company, valued at $8,411,077.60. This trade represents a 1.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Sara Kelly sold 2,500 shares of Starbucks stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $97.12, for a total value of $242,800.00. Following the transaction, the executive vice president owned 59,609 shares of the company’s stock, valued at $5,789,226.08. This trade represents a 4.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.03% of the company’s stock.

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.

See Also

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)

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