Madison Asset Management LLC Has $38.92 Million Stock Position in Starbucks Corporation $SBUX

Madison Asset Management LLC trimmed its stake in Starbucks Corporation (NASDAQ:SBUX) by 5.7% in the third quarter, Holdings Channel.com reports. The firm owned 460,080 shares of the coffee company’s stock after selling 28,012 shares during the quarter. Madison Asset Management LLC’s holdings in Starbucks were worth $38,923,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of SBUX. Transce3nd LLC raised its stake in Starbucks by 270.3% during the 2nd quarter. Transce3nd LLC now owns 274 shares of the coffee company’s stock valued at $25,000 after purchasing an additional 200 shares during the last quarter. Collier Financial bought a new position in Starbucks in the 3rd quarter valued at $25,000. MTM Investment Management LLC bought a new stake in shares of Starbucks during the second quarter valued at approximately $28,000. PFS Partners LLC boosted its holdings in Starbucks by 457.4% in the third 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. Finally, Nexus Investment Management ULC bought a new stake in shares of Starbucks during the second quarter worth approximately $35,000. Institutional investors own 72.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Piper Sandler reissued an “overweight” rating and set a $103.00 price objective (up previously from $100.00) on shares of Starbucks in a research note 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. Sanford C. Bernstein reiterated an “outperform” rating on shares of Starbucks in a research note on Monday, January 26th. Citigroup decreased their target price on shares of Starbucks from $94.00 to $92.00 and set a “neutral” rating for the company in a research note on Monday, February 2nd. Finally, UBS Group reaffirmed a “neutral” rating 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 given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Starbucks presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.67.

Starbucks Stock Down 1.5%

Shares of Starbucks stock opened at $97.53 on Wednesday. The firm’s 50-day moving average price is $89.57 and its two-hundred day moving average price is $87.18. The company has a market capitalization of $111.12 billion, a price-to-earnings ratio of 80.60, a PEG ratio of 2.21 and a beta of 0.96. Starbucks Corporation has a 12-month low of $75.50 and a 12-month high of $117.46.

Starbucks (NASDAQ:SBUX) last announced 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 firm had revenue of $9.92 billion for the quarter, compared to analyst estimates of $9.62 billion. Starbucks had a net margin of 3.63% and a negative return on equity of 28.66%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.69 earnings per share. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. On average, sell-side analysts expect that Starbucks Corporation will post 2.99 earnings per share 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.