Starbucks Corporation $SBUX Holdings Raised by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC lifted its stake in Starbucks Corporation (NASDAQ:SBUX) by 8.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 100,442 shares of the coffee company’s stock after purchasing an additional 7,697 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Starbucks were worth $8,999,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new stake in Starbucks during the fourth quarter valued at about $1,232,650,000. Capital Research Global Investors increased its position in shares of Starbucks by 11.4% in the third quarter. Capital Research Global Investors now owns 85,460,350 shares of the coffee company’s stock worth $7,229,968,000 after acquiring an additional 8,774,198 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in shares of Starbucks by 65.9% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 19,447,854 shares of the coffee company’s stock valued at $1,637,704,000 after acquiring an additional 7,725,547 shares during the period. Capital World Investors raised its holdings in shares of Starbucks by 9.0% during the fourth quarter. Capital World Investors now owns 84,727,405 shares of the coffee company’s stock valued at $7,135,228,000 after acquiring an additional 7,007,268 shares during the period. Finally, Corient Private Wealth LLC lifted its position in shares of Starbucks by 146.6% in the 2nd quarter. Corient Private Wealth LLC now owns 6,049,192 shares of the coffee company’s stock valued at $553,201,000 after acquiring an additional 3,596,014 shares in the last quarter. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. BNP Paribas Exane started coverage on shares of Starbucks in a research report on Thursday, May 14th. They set an “underperform” rating on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Starbucks in a report on Wednesday, April 22nd. TD Cowen upgraded Starbucks from a “hold” rating to a “buy” rating and lifted their price target for the company from $106.00 to $120.00 in a report on Thursday, May 14th. Evercore upped their price target on Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Finally, Dbs Bank raised Starbucks from a “strong sell” rating to a “moderate sell” rating in a research note on Friday, March 20th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $108.59.

Key Stories Impacting Starbucks

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

Starbucks Stock Performance

Starbucks stock opened at $103.16 on Friday. Starbucks Corporation has a twelve month low of $77.99 and a twelve month high of $108.88. The firm has a market cap of $117.57 billion, a PE ratio of 78.15, a P/E/G ratio of 2.06 and a beta of 0.98. The firm’s 50 day moving average price is $101.37 and its two-hundred day moving average price is $95.70.

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

Insiders Place Their Bets

In related news, CEO Brady Brewer sold 588 shares of Starbucks stock in a transaction on Thursday, June 11th. The stock was 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 approximately $7,959,300. This trade represents a 0.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sara Kelly sold 2,000 shares of the business’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $105.00, for a total value of $210,000.00. Following the completion of the transaction, the executive vice president owned 57,653 shares in the company, valued at $6,053,565. This trade represents a 3.35% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 8,687 shares of company stock valued at $863,707. Insiders own 0.03% of the company’s stock.

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.