Starbucks Corporation $SBUX Stock Position Raised by Wesbanco Bank Inc.

Wesbanco Bank Inc. lifted its position in Starbucks Corporation (NASDAQ:SBUX) by 9.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 158,781 shares of the coffee company’s stock after buying an additional 13,217 shares during the quarter. Wesbanco Bank Inc.’s holdings in Starbucks were worth $13,433,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Starbucks during the 2nd quarter worth $1,246,316,000. Corient Private Wealth LLC lifted its stake in shares of Starbucks by 146.6% in the 2nd quarter. Corient Private Wealth LLC now owns 6,049,192 shares of the coffee company’s stock valued at $553,201,000 after purchasing an additional 3,596,014 shares during the last quarter. Invesco Ltd. boosted its holdings in Starbucks by 11.2% in the second quarter. Invesco Ltd. now owns 12,757,954 shares of the coffee company’s stock worth $1,169,011,000 after purchasing an additional 1,286,451 shares in the last quarter. California Public Employees Retirement System boosted its holdings in Starbucks by 68.0% in the second quarter. California Public Employees Retirement System now owns 3,027,814 shares of the coffee company’s stock worth $277,439,000 after purchasing an additional 1,225,447 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in Starbucks by 22.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 5,578,977 shares of the coffee company’s stock worth $511,202,000 after buying an additional 1,026,056 shares during the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Trading Down 0.5%

Shares of Starbucks stock opened at $98.98 on Tuesday. Starbucks Corporation has a 1 year low of $75.50 and a 1 year high of $117.46. The company’s fifty day simple moving average is $89.32 and its 200-day simple moving average is $87.16. The company has a market cap of $112.77 billion, a price-to-earnings ratio of 81.80, a PEG ratio of 2.22 and a beta of 0.96.

Starbucks (NASDAQ:SBUX) last released its earnings results 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 firm had revenue of $9.92 billion for the quarter, compared to analyst estimates of $9.62 billion. Starbucks had a negative return on equity of 28.66% and a net margin of 3.63%.The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business earned $0.69 earnings per share. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. As a group, research analysts forecast that Starbucks Corporation will post 2.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SBUX has been the subject of a number of analyst reports. Piper Sandler reaffirmed an “overweight” rating and issued a $103.00 price target (up previously from $100.00) on shares of Starbucks in a research report on Friday, January 30th. Zacks Research raised Starbucks from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 27th. Mizuho boosted their target price on Starbucks from $86.00 to $95.00 and gave the stock a “neutral” rating in a report on Monday, January 26th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $105.00 target price on shares of Starbucks in a research report on Thursday, January 29th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $120.00 price target on shares of Starbucks in a report on Friday, January 30th. Eighteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $104.67.

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.