DNB Asset Management AS Acquires 9,378 Shares of Starbucks Corporation $SBUX

DNB Asset Management AS boosted its holdings in shares of Starbucks Corporation (NASDAQ:SBUX) by 2.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 357,551 shares of the coffee company’s stock after acquiring an additional 9,378 shares during the period. DNB Asset Management AS’s holdings in Starbucks were worth $30,249,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SBUX. Transce3nd LLC boosted its position in shares of Starbucks by 270.3% in the 2nd quarter. Transce3nd LLC now owns 274 shares of the coffee company’s stock worth $25,000 after purchasing an additional 200 shares in the last quarter. Collier Financial purchased a new position in Starbucks during the third quarter valued at $25,000. Y.D. More Investments Ltd bought a new stake in Starbucks in the third quarter worth $26,000. MTM Investment Management LLC bought a new stake in Starbucks in the second quarter worth $28,000. Finally, PFS Partners LLC grew its stake in shares of Starbucks by 457.4% in the third quarter. PFS Partners LLC now owns 340 shares of the coffee company’s stock worth $29,000 after acquiring an additional 279 shares during 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 recently issued reports on the company. TD Cowen reaffirmed a “hold” rating and issued a $89.00 price target (up from $84.00) on shares of Starbucks in a research report on Friday, January 30th. Bank of America set a $114.00 price objective on shares of Starbucks in a research note on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $113.00 target price on shares of Starbucks in a report on Thursday, January 29th. Citigroup dropped their target price on shares of Starbucks from $94.00 to $92.00 and set a “neutral” rating on the stock in a research note on Monday, February 2nd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Starbucks in a report on Monday, December 29th. Eighteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $104.31.

Starbucks Stock Performance

Shares of NASDAQ:SBUX opened at $98.02 on Friday. The firm has a market cap of $111.67 billion, a price-to-earnings ratio of 81.01, a price-to-earnings-growth ratio of 2.19 and a beta of 0.96. The business has a 50-day simple moving average of $92.43 and a two-hundred day simple moving average of $87.73. Starbucks Corporation has a fifty-two week low of $75.50 and a fifty-two week high of $117.46.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Wednesday, January 28th. The coffee company reported $0.56 EPS 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 company had revenue of $9.92 billion during the quarter, compared to the consensus estimate of $9.62 billion. During the same quarter in the prior year, the firm earned $0.69 earnings per share. The business’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, research analysts predict that Starbucks Corporation will post 2.99 earnings per share for the current year.

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.