Louisiana State Employees Retirement System Invests $11.91 Million in Starbucks Corporation $SBUX

Louisiana State Employees Retirement System purchased a new position in shares of Starbucks Corporation (NASDAQ:SBUX) in the first quarter, HoldingsChannel.com reports. The fund purchased 132,900 shares of the coffee company’s stock, valued at approximately $11,907,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Rachor Investment Advisory Services LLC acquired a new position in shares of Starbucks in the 4th quarter valued at $25,000. Phillip James Consulting Co. bought a new position in shares of Starbucks in the 4th quarter worth $25,000. Cornerstone Financial Management LLC acquired a new stake in shares of Starbucks during the fourth quarter worth $25,000. Entrust Financial LLC acquired a new stake in shares of Starbucks during the fourth quarter worth $26,000. Finally, JPL Wealth Management LLC bought a new stake in Starbucks in the third quarter valued at about $27,000. 72.29% of the stock is owned by institutional investors.

Starbucks Trading Down 0.4%

NASDAQ:SBUX opened at $103.16 on Friday. Starbucks Corporation has a 1 year low of $77.99 and a 1 year high of $108.88. The stock has a 50-day moving average price of $101.37 and a two-hundred day moving average price of $95.70. The stock has a market cap of $117.57 billion, a price-to-earnings ratio of 78.15, a PEG ratio of 2.06 and a beta of 0.98.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Tuesday, April 28th. The coffee company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. Starbucks had a negative return on equity of 29.24% and a net margin of 3.89%.The company had revenue of $9.53 billion for the quarter, compared to analyst estimates of $9.17 billion. During the same quarter last year, the firm posted $0.41 earnings per share. Starbucks’s revenue was up 8.8% compared to the same quarter last year. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. Sell-side analysts forecast that Starbucks Corporation will post 2.4 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SBUX. Dbs Bank upgraded Starbucks from a “strong sell” rating to a “moderate sell” rating in a report on Friday, March 20th. DA Davidson upped their price target on Starbucks from $97.00 to $102.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Citizens Jmp initiated coverage on shares of Starbucks in a research report on Monday, March 30th. They issued an “underperform” rating and a $84.00 price target on the stock. TD Cowen raised shares of Starbucks from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $106.00 to $120.00 in a research note on Thursday, May 14th. Finally, BTIG Research cut shares of Starbucks from a “buy” rating to a “neutral” rating in a report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Starbucks presently has an average rating of “Moderate Buy” and a consensus price target of $108.59.

More Starbucks News

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Analyst coverage highlighted a potential turnaround in comps and operating income, suggesting Starbucks could be improving profitability as its “Back to Starbucks” strategy gains traction. Starbucks: Comps Turnaround And Operating Income Surge (Upgrade)
• Positive Sentiment: Starbucks is leaning on delivery growth to support U.S. comparable sales, with rising transactions and broader access potentially helping make recent momentum more durable. Can Starbucks Turn Delivery Momentum Into Durable U.S. Comp Growth?
• Positive Sentiment: Starbucks expanded its coffeehouse coach program after early success, which may support store execution, employee engagement, and customer experience. Starbucks expands coffeehouse coach program after early success
• Neutral Sentiment: Starbucks remains a highly watched stock among traders, reflecting continued interest in the company’s turnaround story rather than a clear new fundamental catalyst. Here is What to Know Beyond Why Starbucks Corporation (SBUX) is a Trending Stock
• Neutral Sentiment: The company’s pilot to incorporate employee TikToks is generating curiosity, but it is still an unproven marketing experiment and could help or hurt brand perception depending on execution. Starbucks pilots TikTok program for boosting employee-generated content
• Negative Sentiment: One market report said Starbucks stock slipped as investors questioned whether the TikTok strategy will translate into meaningful business results. Starbucks Stock (NASDAQ:SBUX) Slips as Starbucks Looks to Incorporate Employee TikToks

Insider Activity at Starbucks

In other news, CEO Brady Brewer sold 588 shares of the stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $100.00, for a total transaction of $58,800.00. Following the completion of the sale, the chief executive officer owned 79,593 shares of the company’s stock, valued at $7,959,300. This represents a 0.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sara Kelly sold 2,000 shares of the firm’s stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $105.00, for a total transaction of $210,000.00. Following the sale, the executive vice president owned 57,653 shares in the company, valued at approximately $6,053,565. The trade was a 3.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 8,687 shares of company stock worth $863,707 over the last 90 days. Corporate insiders own 0.03% of the company’s stock.

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.