Heartland Advisors Inc. Decreases Holdings in Starbucks Corporation $SBUX

Heartland Advisors Inc. lowered its stake in Starbucks Corporation (NASDAQ:SBUX) by 40.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 13,588 shares of the coffee company’s stock after selling 9,328 shares during the period. Heartland Advisors Inc.’s holdings in Starbucks were worth $1,150,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its position in shares of Starbucks by 86.5% during the 4th quarter. Brighton Jones LLC now owns 176,722 shares of the coffee company’s stock valued at $16,126,000 after purchasing an additional 81,952 shares during the last quarter. Balboa Wealth Partners lifted its position in shares of Starbucks by 8.6% during the second quarter. Balboa Wealth Partners now owns 3,236 shares of the coffee company’s stock worth $297,000 after purchasing an additional 255 shares during the last quarter. Stephens Inc. AR grew its stake in Starbucks by 13.9% in the 2nd quarter. Stephens Inc. AR now owns 79,054 shares of the coffee company’s stock worth $7,244,000 after acquiring an additional 9,666 shares in the last quarter. Schnieders Capital Management LLC. raised its position in Starbucks by 47.0% during the 2nd quarter. Schnieders Capital Management LLC. now owns 3,642 shares of the coffee company’s stock valued at $334,000 after purchasing an additional 1,164 shares in the last quarter. Finally, Berkeley Capital Partners LLC raised its position in Starbucks by 1.3% during the 2nd quarter. Berkeley Capital Partners LLC now owns 21,729 shares of the coffee company’s stock valued at $1,991,000 after purchasing an additional 286 shares in the last quarter. 72.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on SBUX shares. Bank of America set a $114.00 price target on Starbucks in a research report on Wednesday, January 21st. Wells Fargo & Company set a $110.00 target price on shares of Starbucks in a report on Wednesday, January 28th. BTIG Research reissued a “buy” rating and set a $105.00 target price on shares of Starbucks in a research report on Thursday, January 29th. New Street Research set a $90.00 price target on shares of Starbucks in a report on Tuesday, January 27th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $113.00 price target on shares of Starbucks in a report on Thursday, January 29th. Eighteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $104.31.

Starbucks Trading Up 1.7%

Shares of NASDAQ:SBUX opened at $95.39 on Wednesday. Starbucks Corporation has a twelve month low of $75.50 and a twelve month high of $117.46. The company has a market cap of $108.68 billion, a PE ratio of 78.83, a price-to-earnings-growth ratio of 2.10 and a beta of 0.96. The company’s 50 day moving average is $90.69 and its 200 day moving average is $87.34.

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