Varma Mutual Pension Insurance Co Purchases 30,600 Shares of Starbucks Corporation $SBUX

Varma Mutual Pension Insurance Co raised its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 19.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 190,842 shares of the coffee company’s stock after buying an additional 30,600 shares during the period. Varma Mutual Pension Insurance Co’s holdings in Starbucks were worth $16,145,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Transce3nd LLC increased its stake in shares of Starbucks by 270.3% in 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 in the last quarter. Collier Financial acquired a new position in Starbucks during the 3rd quarter worth about $25,000. MTM Investment Management LLC acquired a new position in Starbucks during the 2nd quarter worth about $28,000. PFS Partners LLC grew its holdings in Starbucks by 457.4% during the 3rd 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. Finally, RMG Wealth Management LLC increased its position in Starbucks by 109.9% in the 3rd quarter. RMG Wealth Management LLC now owns 382 shares of the coffee company’s stock valued at $33,000 after acquiring an additional 200 shares in the last quarter. 72.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SBUX. Royal Bank Of Canada reiterated an “outperform” rating and set a $105.00 target price on shares of Starbucks in a research report on Thursday, January 29th. Wall Street Zen upgraded Starbucks from a “sell” rating to a “hold” rating in a research report on Saturday, November 22nd. BTIG Research reissued a “buy” rating and issued a $105.00 target price on shares of Starbucks in a research note on Thursday, January 29th. Dbs Bank lowered Starbucks from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $120.00 price objective on shares of Starbucks in a research report on Friday, January 30th. Eighteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $104.31.

Starbucks Trading Down 2.4%

NASDAQ SBUX opened at $96.76 on Friday. Starbucks Corporation has a 12 month low of $75.50 and a 12 month high of $117.46. The stock has a 50-day simple moving average of $90.04 and a 200 day simple moving average of $87.33. The company has a market capitalization of $110.24 billion, a PE ratio of 79.97, a P/E/G ratio of 2.22 and a beta of 0.96.

Starbucks (NASDAQ:SBUX) last released 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 firm 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 business earned $0.69 EPS. 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, sell-side analysts predict that Starbucks Corporation will post 2.99 earnings per share for the current fiscal year.

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.