Blair William & Co. IL Lowers Holdings in Starbucks Corporation $SBUX

Blair William & Co. IL decreased its holdings in shares of Starbucks Corporation (NASDAQ:SBUX) by 16.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 913,850 shares of the coffee company’s stock after selling 180,042 shares during the quarter. Blair William & Co. IL’s holdings in Starbucks were worth $77,312,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Starbucks by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 113,438,902 shares of the coffee company’s stock worth $9,596,931,000 after purchasing an additional 577,279 shares during the period. State Street Corp raised its holdings in Starbucks by 1.2% in the 2nd quarter. State Street Corp now owns 47,513,332 shares of the coffee company’s stock valued at $4,353,647,000 after buying an additional 544,534 shares during the period. Geode Capital Management LLC lifted its position in Starbucks by 0.4% in the second quarter. Geode Capital Management LLC now owns 25,846,634 shares of the coffee company’s stock valued at $2,357,815,000 after buying an additional 99,983 shares during the last quarter. Norges Bank acquired a new position in Starbucks in the second quarter valued at about $1,246,316,000. Finally, Invesco Ltd. boosted its stake in Starbucks by 11.2% during the second quarter. Invesco Ltd. now owns 12,757,954 shares of the coffee company’s stock worth $1,169,011,000 after buying an additional 1,286,451 shares during the period. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Stock Up 0.3%

Shares of SBUX stock opened at $98.99 on Friday. The firm has a 50 day moving average of $93.71 and a two-hundred day moving average of $87.90. The stock has a market capitalization of $112.78 billion, a PE ratio of 81.81, a P/E/G ratio of 2.21 and a beta of 0.93. Starbucks Corporation has a 52 week low of $75.50 and a 52 week high of $106.86.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data 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 company had revenue of $9.92 billion for the quarter, compared to analysts’ expectations of $9.62 billion. Starbucks had a negative return on equity of 28.66% and a net margin of 3.63%.The firm’s revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.69 EPS. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. Analysts expect that Starbucks Corporation will post 2.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Sanford C. Bernstein restated an “outperform” rating on shares of Starbucks in a report on Wednesday. Wall Street Zen upgraded Starbucks from a “sell” rating to a “hold” rating in a research note on Saturday, November 22nd. Bank of America set a $114.00 price objective on Starbucks in a research note on Wednesday, January 21st. DA Davidson started coverage on Starbucks in a report on Friday. They issued a “neutral” rating and a $97.00 price objective on the stock. Finally, UBS Group reissued a “neutral” rating on shares of Starbucks in a research note on Friday, January 30th. Seventeen equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price 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.