Starbucks Corporation $SBUX Shares Sold by Cibc World Market Inc.

Cibc World Market Inc. reduced its stake in shares of Starbucks Corporation (NASDAQ:SBUX) by 56.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 214,908 shares of the coffee company’s stock after selling 274,077 shares during the period. Cibc World Market Inc.’s holdings in Starbucks were worth $18,181,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SBUX. Transce3nd LLC boosted its holdings in shares of Starbucks by 270.3% in 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 purchased a new stake in shares of Starbucks during the 3rd quarter worth about $25,000. MTM Investment Management LLC acquired a new stake in Starbucks during the 2nd quarter worth approximately $28,000. PFS Partners LLC increased its position 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 purchasing an additional 279 shares in the last quarter. Finally, RMG Wealth Management LLC raised its holdings in Starbucks by 109.9% in the third quarter. RMG Wealth Management LLC now owns 382 shares of the coffee company’s stock valued at $33,000 after buying an additional 200 shares during the period. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Starbucks Price Performance

NASDAQ SBUX opened at $96.76 on Friday. The company has a market capitalization of $110.24 billion, a price-to-earnings ratio of 79.97, a price-to-earnings-growth ratio of 2.22 and a beta of 0.96. Starbucks Corporation has a 12 month low of $75.50 and a 12 month high of $117.46. The company’s fifty day moving average price is $90.04 and its two-hundred day moving average price is $87.33.

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 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 company had revenue of $9.92 billion during the quarter, compared to the consensus estimate of $9.62 billion. During the same period in the previous year, the firm posted $0.69 EPS. Starbucks’s revenue for the quarter was up 5.5% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. As a group, analysts anticipate that Starbucks Corporation will post 2.99 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SBUX. BMO Capital Markets reissued an “outperform” rating and issued a $120.00 price objective on shares of Starbucks in a research report on Friday, January 30th. UBS Group restated a “neutral” rating on shares of Starbucks in a research note on Friday, January 30th. Evercore reiterated an “outperform” rating on shares of Starbucks in a research note on Wednesday, January 28th. Morgan Stanley set a $105.00 price target on Starbucks and gave the stock an “overweight” rating in a research report on Monday, October 20th. Finally, Wells Fargo & Company set a $110.00 price objective on shares of Starbucks in a research report on Wednesday, January 28th. Eighteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $104.31.

Starbucks Company 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.