Starbucks Corporation $SBUX Shares Bought by Capital Research Global Investors

Capital Research Global Investors grew its stake in Starbucks Corporation (NASDAQ:SBUXFree Report) by 11.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 85,460,350 shares of the coffee company’s stock after buying an additional 8,774,198 shares during the period. Starbucks accounts for 1.4% of Capital Research Global Investors’ investment portfolio, making the stock its 13th largest holding. Capital Research Global Investors owned about 7.52% of Starbucks worth $7,229,968,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC boosted its stake in Starbucks by 86.5% in the fourth 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 in the last quarter. Schnieders Capital Management LLC. boosted its position in shares of Starbucks by 47.0% in the 2nd quarter. Schnieders Capital Management LLC. now owns 3,642 shares of the coffee company’s stock valued at $334,000 after purchasing an additional 1,164 shares during the period. AE Wealth Management LLC grew its stake in Starbucks by 13.7% during the 2nd quarter. AE Wealth Management LLC now owns 42,372 shares of the coffee company’s stock worth $3,883,000 after buying an additional 5,098 shares during the last quarter. CSM Advisors LLC increased its position in Starbucks by 0.9% during the second quarter. CSM Advisors LLC now owns 70,335 shares of the coffee company’s stock worth $6,446,000 after buying an additional 625 shares during the period. Finally, Zions Bancorporation National Association UT lifted its stake in Starbucks by 54.9% in the second quarter. Zions Bancorporation National Association UT now owns 30,673 shares of the coffee company’s stock valued at $2,811,000 after buying an additional 10,867 shares during the last quarter. 72.29% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SBUX. New Street Research set a $90.00 price target on shares of Starbucks in a research note on Tuesday, January 27th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Starbucks in a research note on Monday, December 29th. Barclays set a $116.00 price target on Starbucks and gave the company an “overweight” rating in a report on Friday, January 30th. Wall Street Zen raised shares of Starbucks from a “sell” rating to a “hold” rating in a research note on Saturday, November 22nd. Finally, Wells Fargo & Company set a $110.00 price target on shares of Starbucks in a research report on Wednesday, January 28th. 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. According to data from MarketBeat.com, Starbucks has an average rating of “Moderate Buy” and an average price target of $104.22.

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Starbucks Price Performance

Shares of NASDAQ SBUX opened at $99.77 on Tuesday. The firm’s 50-day moving average is $94.00 and its two-hundred day moving average is $87.95. The company has a market capitalization of $113.67 billion, a PE ratio of 82.45, 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 $106.00.

Starbucks (NASDAQ:SBUXGet Free Report) last issued its quarterly earnings data on Wednesday, January 28th. The coffee company reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $9.62 billion. During the same period last year, the business earned $0.69 earnings per share. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. On average, analysts forecast that Starbucks Corporation will post 2.99 EPS for the current fiscal year.

Starbucks Company 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.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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