Starbucks Corporation $SBUX Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC lifted its holdings in shares of Starbucks Corporation (NASDAQ:SBUX) by 76.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 120,912 shares of the coffee company’s stock after buying an additional 52,226 shares during the period. Intech Investment Management LLC’s holdings in Starbucks were worth $10,229,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of SBUX. Cooper Haims Advisors LLC raised its position in shares of Starbucks by 3.0% during the 2nd quarter. Cooper Haims Advisors LLC now owns 3,749 shares of the coffee company’s stock worth $344,000 after purchasing an additional 110 shares during the period. Silver Oak Securities Incorporated grew its stake in Starbucks by 2.4% during the 3rd quarter. Silver Oak Securities Incorporated now owns 5,288 shares of the coffee company’s stock worth $447,000 after buying an additional 122 shares during the last quarter. Pioneer Trust Bank N A OR increased its position in Starbucks by 1.1% in the third quarter. Pioneer Trust Bank N A OR now owns 11,437 shares of the coffee company’s stock worth $968,000 after buying an additional 125 shares during the period. Cary Street Partners Investment Advisory LLC increased its position in Starbucks by 3.5% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 3,765 shares of the coffee company’s stock worth $345,000 after buying an additional 126 shares during the period. Finally, Capital Advisors Wealth Management LLC lifted its stake in Starbucks by 1.6% in the third quarter. Capital Advisors Wealth Management LLC now owns 8,513 shares of the coffee company’s stock valued at $720,000 after buying an additional 130 shares during the last quarter. Institutional investors own 72.29% of the company’s stock.

Starbucks Price Performance

NASDAQ SBUX opened at $98.05 on Friday. Starbucks Corporation has a 12 month low of $75.50 and a 12 month high of $117.46. The firm has a market capitalization of $111.71 billion, a PE ratio of 81.03, a P/E/G ratio of 2.19 and a beta of 0.96. The company’s 50 day simple moving average is $92.23 and its 200 day simple moving average is $87.69.

Starbucks (NASDAQ:SBUX) last released its earnings results 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). The firm had revenue of $9.92 billion during 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 business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the company earned $0.69 earnings per share. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. Sell-side analysts anticipate that Starbucks Corporation will post 2.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SBUX. Bank of America set a $114.00 price objective on shares of Starbucks in a report on Wednesday, January 21st. Sanford C. Bernstein restated an “outperform” rating on shares of Starbucks in a research report on Monday, January 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $113.00 price target on shares of Starbucks in a report on Thursday, January 29th. Mizuho increased their price objective on Starbucks from $86.00 to $95.00 and gave the stock a “neutral” rating in a report on Monday, January 26th. Finally, Zacks Research upgraded Starbucks from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 27th. Eighteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $104.31.

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.