Korea Investment CORP Has $47.92 Million Stock Position in Starbucks Corporation $SBUX

Korea Investment CORP reduced its stake in Starbucks Corporation (NASDAQ:SBUX) by 9.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 566,472 shares of the coffee company’s stock after selling 58,267 shares during the quarter. Korea Investment CORP’s holdings in Starbucks were worth $47,924,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of SBUX. Brighton Jones LLC increased its stake in shares of Starbucks by 86.5% during the fourth quarter. Brighton Jones LLC now owns 176,722 shares of the coffee company’s stock worth $16,126,000 after purchasing an additional 81,952 shares during the period. Schnieders Capital Management LLC. boosted its stake in 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. Paradigm Asset Management Co. LLC bought a new stake in Starbucks in the 2nd quarter valued at $302,000. AE Wealth Management LLC grew its holdings in Starbucks by 13.7% in the 2nd quarter. AE Wealth Management LLC now owns 42,372 shares of the coffee company’s stock valued at $3,883,000 after buying an additional 5,098 shares in the last quarter. Finally, Prospera Financial Services Inc grew its holdings in Starbucks by 3.8% in the 2nd quarter. Prospera Financial Services Inc now owns 55,484 shares of the coffee company’s stock valued at $5,086,000 after buying an additional 2,031 shares in the last quarter. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. New Street Research set a $90.00 target price on Starbucks in a report on Tuesday, January 27th. Zacks Research upgraded shares of Starbucks from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 27th. Guggenheim reaffirmed a “neutral” rating and set a $95.00 price target (up from $90.00) on shares of Starbucks in a research report on Wednesday. Bank of America set a $114.00 price objective on shares of Starbucks in a research note on Wednesday, January 21st. Finally, BTIG Research reissued a “buy” rating and issued a $105.00 price objective on shares of Starbucks in a report on Thursday, January 29th. Seventeen equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $104.22.

Starbucks Stock Up 0.3%

Shares of SBUX stock opened at $98.99 on Monday. The firm has a market capitalization of $112.78 billion, a P/E ratio of 81.81, 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 $106.86. The stock’s fifty day simple moving average is $93.71 and its 200 day simple moving average is $87.87.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Wednesday, January 28th. The coffee company reported $0.56 earnings per share (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 firm had revenue of $9.92 billion during the quarter, compared to analyst estimates of $9.62 billion. During the same period in the previous year, the company earned $0.69 EPS. Starbucks’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. As a group, equities research analysts expect that Starbucks Corporation will post 2.99 EPS for the current fiscal 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.