Compound Planning Inc. Buys 7,102 Shares of Starbucks Corporation $SBUX

Compound Planning Inc. grew its stake in shares of Starbucks Corporation (NASDAQ:SBUX) by 43.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,579 shares of the coffee company’s stock after acquiring an additional 7,102 shares during the period. Compound Planning Inc.’s holdings in Starbucks were worth $1,995,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Starbucks during the second quarter valued at $1,246,316,000. Corient Private Wealth LLC raised its stake in Starbucks by 146.6% in the second quarter. Corient Private Wealth LLC now owns 6,049,192 shares of the coffee company’s stock worth $553,201,000 after buying an additional 3,596,014 shares in the last quarter. Invesco Ltd. lifted its holdings in Starbucks by 11.2% during the second quarter. Invesco Ltd. now owns 12,757,954 shares of the coffee company’s stock worth $1,169,011,000 after buying an additional 1,286,451 shares during the period. California Public Employees Retirement System boosted its position in Starbucks by 68.0% during the 2nd quarter. California Public Employees Retirement System now owns 3,027,814 shares of the coffee company’s stock valued at $277,439,000 after acquiring an additional 1,225,447 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Starbucks by 22.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,578,977 shares of the coffee company’s stock valued at $511,202,000 after acquiring an additional 1,026,056 shares during the period. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Starbucks Stock Up 1.8%

SBUX stock opened at $96.51 on Wednesday. The stock has a market capitalization of $109.95 billion, a PE ratio of 79.76, a price-to-earnings-growth ratio of 2.12 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 firm has a 50 day moving average of $91.80 and a 200 day moving average of $87.54.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Wednesday, January 28th. The coffee company reported $0.56 earnings per share (EPS) 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 analyst estimates of $9.62 billion. During the same quarter in the previous year, the company posted $0.69 EPS. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. On average, equities research analysts expect that Starbucks Corporation will post 2.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SBUX. Mizuho upped their price objective on Starbucks from $86.00 to $95.00 and gave the stock a “neutral” rating in a research note on Monday, January 26th. Zacks Research raised shares of Starbucks from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 27th. Barclays set a $116.00 price objective on shares of Starbucks and gave the stock an “overweight” rating in a research report on Friday, January 30th. New Street Research set a $90.00 target price on shares of Starbucks in a research report on Tuesday, January 27th. Finally, Guggenheim restated a “buy” rating and issued a $90.00 target price on shares of Starbucks in a research note on Monday, January 26th. Eighteen equities 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $104.31.

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.