Drucker Wealth 3.0 LLC Sells 9,740 Shares of Starbucks Corporation $SBUX

Drucker Wealth 3.0 LLC lowered its holdings in shares of Starbucks Corporation (NASDAQ:SBUX) by 32.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 20,069 shares of the coffee company’s stock after selling 9,740 shares during the period. Drucker Wealth 3.0 LLC’s holdings in Starbucks were worth $1,698,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Starbucks by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 113,438,902 shares of the coffee company’s stock worth $9,596,931,000 after buying an additional 577,279 shares during the period. State Street Corp boosted its holdings in Starbucks by 1.2% during the 2nd quarter. State Street Corp now owns 47,513,332 shares of the coffee company’s stock worth $4,353,647,000 after acquiring an additional 544,534 shares during the last quarter. Geode Capital Management LLC increased its stake in Starbucks by 0.4% in the 2nd quarter. Geode Capital Management LLC now owns 25,846,634 shares of the coffee company’s stock valued at $2,357,815,000 after buying an additional 99,983 shares during the last quarter. Norges Bank bought a new position in Starbucks in the 2nd quarter valued at $1,246,316,000. Finally, Invesco Ltd. grew its position in shares of Starbucks by 11.2% during the 2nd quarter. Invesco Ltd. now owns 12,757,954 shares of the coffee company’s stock valued at $1,169,011,000 after acquiring an additional 1,286,451 shares during the period. 72.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SBUX shares. New Street Research set a $90.00 price objective on shares of Starbucks in a report on Tuesday, January 27th. William Blair upgraded Starbucks from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 22nd. Citigroup decreased their price target on Starbucks from $94.00 to $92.00 and set a “neutral” rating on the stock in a research note on Monday, February 2nd. Dbs Bank lowered Starbucks from a “hold” rating to a “strong sell” rating in a research report on Friday, November 7th. Finally, Barclays set a $116.00 target price on Starbucks and gave the stock an “overweight” rating in a research report on Friday, January 30th. Eighteen 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $104.31.

Starbucks Stock Up 1.7%

Shares of SBUX opened at $95.39 on Wednesday. The stock has a market cap of $108.68 billion, a price-to-earnings ratio of 78.83, a PEG ratio of 2.10 and a beta of 0.96. Starbucks Corporation has a 52 week low of $75.50 and a 52 week high of $117.46. The business has a 50-day simple moving average of $90.69 and a two-hundred day simple moving average of $87.34.

Starbucks (NASDAQ:SBUX) last posted its quarterly 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). The business had revenue of $9.92 billion during the quarter, compared to the consensus estimate of $9.62 billion. Starbucks had a negative return on equity of 28.66% and a net margin of 3.63%.The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.69 earnings per share. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. On average, equities analysts anticipate that Starbucks Corporation will post 2.99 earnings per share for the current fiscal year.

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.