Alps Advisors Inc. Trims Stock Holdings in Starbucks Corporation $SBUX

Alps Advisors Inc. decreased its holdings in shares of Starbucks Corporation (NASDAQ:SBUX) by 59.6% in the third quarter, Holdings Channel.com reports. The firm owned 23,304 shares of the coffee company’s stock after selling 34,362 shares during the period. Alps Advisors Inc.’s holdings in Starbucks were worth $1,972,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of SBUX. Transce3nd LLC lifted its holdings 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 purchasing an additional 200 shares in the last quarter. MTM Investment Management LLC bought a new stake in shares of Starbucks during the 2nd quarter valued at $28,000. PFS Partners LLC raised its stake in Starbucks by 457.4% during the 3rd quarter. PFS Partners LLC now owns 340 shares of the coffee company’s stock valued at $29,000 after purchasing an additional 279 shares during the period. Nexus Investment Management ULC bought a new stake in Starbucks in the 2nd quarter valued at $35,000. Finally, RMG Wealth Management LLC raised its holdings in shares of Starbucks by 109.9% during the 3rd quarter. RMG Wealth Management LLC now owns 382 shares of the coffee company’s stock worth $33,000 after acquiring an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Starbucks Stock Down 1.5%

NASDAQ:SBUX opened at $97.53 on Wednesday. The stock’s fifty day moving average is $89.57 and its two-hundred day moving average is $87.18. Starbucks Corporation has a 52 week low of $75.50 and a 52 week high of $117.46. The company has a market capitalization of $111.12 billion, a P/E ratio of 80.60, a P/E/G ratio of 2.21 and a beta of 0.96.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Wednesday, January 28th. The coffee company reported $0.56 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.03). The business had revenue of $9.92 billion during the quarter, compared to analysts’ expectations of $9.62 billion. Starbucks had a net margin of 3.63% and a negative return on equity of 28.66%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.69 EPS. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. Sell-side analysts anticipate that Starbucks Corporation will post 2.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SBUX has been the subject of several analyst reports. Zacks Research raised shares of Starbucks from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 27th. Morgan Stanley set a $105.00 price target on shares of Starbucks and gave the company an “overweight” rating in a report on Monday, October 20th. Sanford C. Bernstein restated an “outperform” rating on shares of Starbucks in a research note on Monday, January 26th. Wall Street Zen upgraded shares of Starbucks from a “sell” rating to a “hold” rating in a research note on Saturday, November 22nd. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Starbucks in a report on Monday, December 29th. Eighteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $104.67.

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.