Atria Investments Inc Has $15.01 Million Stock Holdings in Starbucks Corporation $SBUX

Atria Investments Inc trimmed its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 3.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 177,434 shares of the coffee company’s stock after selling 7,188 shares during the period. Atria Investments Inc’s holdings in Starbucks were worth $15,011,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Starbucks by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 112,861,623 shares of the coffee company’s stock valued at $10,341,511,000 after purchasing an additional 802,053 shares in the last quarter. State Street Corp boosted its stake in Starbucks by 1.2% in the second quarter. State Street Corp now owns 47,513,332 shares of the coffee company’s stock valued at $4,353,647,000 after buying an additional 544,534 shares in the last quarter. Geode Capital Management LLC grew its position in Starbucks by 0.4% in the second quarter. Geode Capital Management LLC now owns 25,846,634 shares of the coffee company’s stock valued at $2,357,815,000 after acquiring an additional 99,983 shares during the last quarter. Norges Bank acquired a new position in Starbucks during the second quarter worth about $1,246,316,000. Finally, Invesco Ltd. lifted its holdings in shares of 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 acquiring an additional 1,286,451 shares during the last quarter. Institutional investors own 72.29% of the company’s stock.

Starbucks Price Performance

SBUX opened at $99.12 on Thursday. Starbucks Corporation has a fifty-two week low of $75.50 and a fifty-two week high of $117.46. The firm has a market capitalization of $112.93 billion, a PE ratio of 81.92, a P/E/G ratio of 2.18 and a beta of 0.96. The company’s 50-day moving average is $89.81 and its 200 day moving average is $87.26.

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

Analyst Ratings Changes

SBUX has been the subject of several research analyst reports. Bank of America set a $114.00 price target on shares of Starbucks in a report on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $113.00 target price on shares of Starbucks in a research report on Thursday, January 29th. Morgan Stanley set a $105.00 price target on Starbucks and gave the stock an “overweight” rating in a report on Monday, October 20th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Starbucks in a report on Monday, December 29th. Finally, UBS Group reissued a “neutral” rating on shares of Starbucks in a report on Friday, January 30th. Eighteen investment 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 data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $104.31.

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.