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

Korea Investment CORP lessened its holdings in shares of Starbucks Corporation (NASDAQ:SBUX) by 9.3% during the 3rd quarter, according to its most recent filing with the Securities and 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SBUX. Grantham Mayo Van Otterloo & Co. LLC grew its position in shares of Starbucks by 20.8% in the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 15,486 shares of the coffee company’s stock valued at $1,310,000 after purchasing an additional 2,665 shares during the period. Ameriflex Group Inc. increased its stake in Starbucks by 176.0% during the 3rd quarter. Ameriflex Group Inc. now owns 792 shares of the coffee company’s stock worth $67,000 after purchasing an additional 505 shares in the last quarter. Legacy Capital Group California Inc. raised its holdings in Starbucks by 5.1% during the 3rd quarter. Legacy Capital Group California Inc. now owns 5,952 shares of the coffee company’s stock worth $504,000 after buying an additional 291 shares during the period. Intellectus Partners LLC lifted its stake in Starbucks by 3.3% in the third quarter. Intellectus Partners LLC now owns 19,066 shares of the coffee company’s stock valued at $1,613,000 after buying an additional 618 shares in the last quarter. Finally, Guardian Capital LP lifted its stake in Starbucks by 3.8% in the third quarter. Guardian Capital LP now owns 24,744 shares of the coffee company’s stock valued at $2,093,000 after buying an additional 900 shares in the last quarter. 72.29% of the stock is currently owned by institutional investors.

Starbucks Stock Up 0.3%

SBUX opened at $98.99 on Monday. Starbucks Corporation has a 12-month low of $75.50 and a 12-month high of $106.86. The business has a 50 day moving average of $93.71 and a 200-day moving average of $87.87. The stock has a market cap of $112.78 billion, a price-to-earnings ratio of 81.81, a PEG ratio of 2.21 and a beta of 0.93.

Starbucks (NASDAQ:SBUX) last posted 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). 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 analyst estimates of $9.62 billion. During the same period in the previous year, the firm posted $0.69 earnings per share. The firm’s revenue was up 5.5% compared to the same quarter last year. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. As a group, analysts expect that Starbucks Corporation will post 2.99 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SBUX. UBS Group reiterated a “neutral” rating on shares of Starbucks in a report on Friday, January 30th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Starbucks in a research report on Monday, December 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $105.00 target price on shares of Starbucks in a research note on Thursday, January 29th. Wells Fargo & Company set a $110.00 target price on Starbucks in a report on Wednesday, January 28th. Finally, BTIG Research reissued a “buy” rating and issued a $105.00 price target on shares of Starbucks in a research note on Thursday, January 29th. Seventeen investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $104.22.

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.