Varma Mutual Pension Insurance Co Has $16.15 Million Holdings in Starbucks Corporation $SBUX

Varma Mutual Pension Insurance Co increased its stake in shares of Starbucks Corporation (NASDAQ:SBUX) by 19.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 190,842 shares of the coffee company’s stock after acquiring an additional 30,600 shares during the period. Varma Mutual Pension Insurance Co’s holdings in Starbucks were worth $16,145,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SBUX. Brighton Jones LLC boosted its position 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 acquiring an additional 81,952 shares during the last quarter. Sagespring Wealth Partners LLC raised its holdings in shares of Starbucks by 7.1% in the second quarter. Sagespring Wealth Partners LLC now owns 12,665 shares of the coffee company’s stock valued at $1,161,000 after purchasing an additional 844 shares during the last quarter. Ritholtz Wealth Management lifted its position in shares of Starbucks by 2.3% in the second quarter. Ritholtz Wealth Management now owns 17,856 shares of the coffee company’s stock worth $1,636,000 after purchasing an additional 404 shares in the last quarter. Mutual Advisors LLC boosted its holdings in Starbucks by 2.8% during the second quarter. Mutual Advisors LLC now owns 45,840 shares of the coffee company’s stock worth $4,328,000 after purchasing an additional 1,243 shares during the last quarter. Finally, WealthPlan Investment Management LLC grew its position in Starbucks by 3.6% in the second quarter. WealthPlan Investment Management LLC now owns 4,463 shares of the coffee company’s stock valued at $409,000 after purchasing an additional 155 shares in the last quarter. 72.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $113.00 price target on shares of Starbucks in a research report on Thursday, January 29th. Mizuho upped their target price on Starbucks from $86.00 to $95.00 and gave the stock a “neutral” rating in a report on Monday, January 26th. Zacks Research upgraded Starbucks from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 27th. UBS Group reaffirmed a “neutral” rating on shares of Starbucks in a research report on Friday, January 30th. Finally, Wall Street Zen raised Starbucks from a “sell” rating to a “hold” rating in a report on Saturday, November 22nd. Eighteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $104.31.

Starbucks Stock Down 2.4%

SBUX stock opened at $96.76 on Friday. The company’s 50-day moving average price is $90.04 and its two-hundred day moving average price is $87.33. Starbucks Corporation has a 12 month low of $75.50 and a 12 month high of $117.46. The firm has a market cap of $110.24 billion, a P/E ratio of 79.97, a P/E/G ratio of 2.22 and a beta of 0.96.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Wednesday, January 28th. The coffee company reported $0.56 EPS 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 analyst estimates of $9.62 billion. During the same period last year, the firm posted $0.69 EPS. Starbucks’s quarterly revenue was up 5.5% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. Equities analysts predict that Starbucks Corporation will post 2.99 EPS for the current year.

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.