Swiss National Bank Sells 162,700 Shares of Starbucks Corporation $SBUX

Swiss National Bank lowered its holdings in shares of Starbucks Corporation (NASDAQ:SBUX) by 4.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,275,800 shares of the coffee company’s stock after selling 162,700 shares during the quarter. Swiss National Bank owned approximately 0.29% of Starbucks worth $277,133,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in SBUX. Transce3nd LLC raised its position in shares of Starbucks by 270.3% during the second quarter. Transce3nd LLC now owns 274 shares of the coffee company’s stock valued at $25,000 after buying an additional 200 shares during the last quarter. Collier Financial bought a new position in shares of Starbucks during the third quarter worth $25,000. Y.D. More Investments Ltd purchased a new position in Starbucks during the third quarter valued at $26,000. MTM Investment Management LLC bought a new stake in Starbucks in the 2nd quarter valued at $28,000. Finally, PFS Partners LLC increased its holdings in Starbucks by 457.4% in the 3rd quarter. PFS Partners LLC now owns 340 shares of the coffee company’s stock valued at $29,000 after acquiring an additional 279 shares during the last quarter. 72.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Zacks Research raised shares of Starbucks from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 27th. Barclays set a $116.00 target price on Starbucks and gave the stock an “overweight” rating in a research report on Friday, January 30th. DA Davidson started coverage on Starbucks in a research note on Friday. They set a “neutral” rating and a $97.00 price target for the company. BMO Capital Markets restated an “outperform” rating and set a $120.00 price target on shares of Starbucks in a report on Friday, January 30th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $113.00 price objective on shares of Starbucks in a research note on Thursday, January 29th. Seventeen research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $104.22.

Starbucks Trading Up 0.3%

Shares of NASDAQ:SBUX opened at $98.99 on Monday. The company 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 Corporation has a 12 month low of $75.50 and a 12 month high of $106.86. The company has a 50-day moving average price of $93.71 and a 200 day moving average price of $87.87.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Wednesday, January 28th. The coffee company reported $0.56 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $9.62 billion. During the same period in the previous year, the firm earned $0.69 earnings per share. The company’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, equities analysts forecast that Starbucks Corporation will post 2.99 EPS for the current 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.