Starbucks Corporation $SBUX Shares Purchased by NEOS Investment Management LLC

NEOS Investment Management LLC lifted its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 60.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 502,941 shares of the coffee company’s stock after buying an additional 188,682 shares during the quarter. NEOS Investment Management LLC’s holdings in Starbucks were worth $42,549,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Starbucks during the second quarter worth about $1,246,316,000. Corient Private Wealth LLC increased its stake in shares of Starbucks by 146.6% during the 2nd quarter. Corient Private Wealth LLC now owns 6,049,192 shares of the coffee company’s stock worth $553,201,000 after purchasing an additional 3,596,014 shares in the last quarter. Invesco Ltd. raised its position in shares of Starbucks by 11.2% during the 2nd quarter. Invesco Ltd. now owns 12,757,954 shares of the coffee company’s stock worth $1,169,011,000 after purchasing an additional 1,286,451 shares during the last quarter. California Public Employees Retirement System lifted its stake in Starbucks by 68.0% in the 2nd quarter. California Public Employees Retirement System now owns 3,027,814 shares of the coffee company’s stock valued at $277,439,000 after buying an additional 1,225,447 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in Starbucks by 22.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,578,977 shares of the coffee company’s stock valued at $511,202,000 after buying an additional 1,026,056 shares during the last quarter. 72.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SBUX has been the topic of a number of recent research reports. Wells Fargo & Company set a $110.00 target price on shares of Starbucks in a report on Wednesday, January 28th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $105.00 price objective on shares of Starbucks in a research note on Thursday, January 29th. Wall Street Zen upgraded shares of Starbucks from a “sell” rating to a “hold” rating in a report on Saturday, November 22nd. William Blair upgraded shares of Starbucks from a “market perform” rating to an “outperform” rating in a report on Thursday, January 22nd. Finally, Mizuho upped their price target on shares of Starbucks from $86.00 to $95.00 and gave the stock a “neutral” rating in a research report on Monday, January 26th. 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.31.

Starbucks Stock Down 3.1%

SBUX opened at $93.79 on Tuesday. The company has a 50 day moving average of $90.42 and a two-hundred day moving average of $87.28. Starbucks Corporation has a 52-week low of $75.50 and a 52-week high of $117.46. The company has a market cap of $106.85 billion, a P/E ratio of 77.51, a P/E/G ratio of 2.10 and a beta of 0.96.

Starbucks (NASDAQ:SBUX) last announced its quarterly 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). 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 analysts’ expectations of $9.62 billion. During the same period last year, the company posted $0.69 earnings per share. The firm’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. Research analysts anticipate that Starbucks Corporation will post 2.99 earnings per share 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.