Starbucks Corporation $SBUX Shares Sold by Glenview Trust Co

Glenview Trust Co lowered its holdings in Starbucks Corporation (NASDAQ:SBUX) by 13.0% in the third quarter, HoldingsChannel reports. The firm owned 99,526 shares of the coffee company’s stock after selling 14,826 shares during the period. Glenview Trust Co’s holdings in Starbucks were worth $8,420,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Summitry LLC raised its position in shares of Starbucks by 21.7% in the 3rd quarter. Summitry LLC now owns 761,253 shares of the coffee company’s stock valued at $64,402,000 after purchasing an additional 135,592 shares in the last quarter. Zions Bancorporation National Association UT increased its stake in shares of Starbucks by 31.8% in the third quarter. Zions Bancorporation National Association UT now owns 40,420 shares of the coffee company’s stock worth $3,420,000 after buying an additional 9,747 shares during the last quarter. Vanguard Group Inc. boosted its stake in Starbucks by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 113,438,902 shares of the coffee company’s stock valued at $9,596,931,000 after acquiring an additional 577,279 shares during the last quarter. Bell & Brown Wealth Advisors LLC boosted its stake in Starbucks by 1.0% during the 3rd quarter. Bell & Brown Wealth Advisors LLC now owns 49,075 shares of the coffee company’s stock valued at $4,152,000 after acquiring an additional 503 shares during the last quarter. Finally, Tobam acquired a new position in Starbucks during the 3rd quarter worth $107,000. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Wells Fargo & Company set a $110.00 price target on shares of Starbucks in a research report on Wednesday, January 28th. Barclays set a $116.00 target price on Starbucks and gave the stock an “overweight” rating in a report on Friday, January 30th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $105.00 price target on shares of Starbucks in a report on Thursday, January 29th. William Blair raised Starbucks from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 22nd. Finally, Citigroup decreased their price objective on shares of Starbucks from $94.00 to $92.00 and set a “neutral” rating for the company in a report on Monday, February 2nd. Eighteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $104.31.

Starbucks Price Performance

NASDAQ:SBUX opened at $93.79 on Tuesday. The firm has a market capitalization 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. The business has a 50 day simple moving average of $90.42 and a 200 day simple moving average of $87.28. Starbucks Corporation has a 12-month low of $75.50 and a 12-month high of $117.46.

Starbucks (NASDAQ:SBUX) last posted its earnings results on Wednesday, January 28th. The coffee company reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.03). Starbucks had a net margin of 3.63% and a negative return on equity of 28.66%. 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 previous year, the business posted $0.69 earnings per share. The business’s quarterly 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. Research analysts anticipate that Starbucks Corporation will post 2.99 EPS for the current fiscal year.

About Starbucks

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.