Allianz SE Has $318,000 Stake in Starbucks Corporation $SBUX

Allianz SE decreased its position in Starbucks Corporation (NASDAQ:SBUX) by 88.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 3,760 shares of the coffee company’s stock after selling 27,720 shares during the quarter. Allianz SE’s holdings in Starbucks were worth $318,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SBUX. 1ST Source Bank lifted its stake in Starbucks by 1.3% in the third quarter. 1ST Source Bank now owns 33,131 shares of the coffee company’s stock valued at $2,803,000 after acquiring an additional 419 shares during the last quarter. Artisan Partners Limited Partnership lifted its stake in shares of Starbucks by 21.8% in the 3rd quarter. Artisan Partners Limited Partnership now owns 1,406,280 shares of the coffee company’s stock valued at $118,971,000 after purchasing an additional 251,493 shares during the last quarter. Integrated Advisors Network LLC boosted its holdings in Starbucks by 4.2% in the third quarter. Integrated Advisors Network LLC now owns 37,101 shares of the coffee company’s stock worth $3,139,000 after purchasing an additional 1,500 shares in the last quarter. DNB Asset Management AS increased its position in Starbucks by 2.7% during the third quarter. DNB Asset Management AS now owns 357,551 shares of the coffee company’s stock worth $30,249,000 after buying an additional 9,378 shares during the last quarter. Finally, Interchange Capital Partners LLC raised its holdings in Starbucks by 1.0% during the third quarter. Interchange Capital Partners LLC now owns 15,756 shares of the coffee company’s stock valued at $1,333,000 after buying an additional 159 shares in the last quarter. Institutional investors own 72.29% of the company’s stock.

Starbucks Trading Down 0.1%

SBUX opened at $98.02 on Friday. The business has a 50 day moving average of $92.43 and a 200-day moving average of $87.69. The stock has a market capitalization of $111.67 billion, a price-to-earnings ratio of 81.01, a P/E/G ratio of 2.19 and a beta of 0.96. Starbucks Corporation has a 1-year low of $75.50 and a 1-year high of $117.46.

Starbucks (NASDAQ:SBUX) last announced its 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 negative return on equity of 28.66% and a net margin of 3.63%.The company had revenue of $9.92 billion for the quarter, compared to the consensus estimate of $9.62 billion. During the same period last year, the firm posted $0.69 EPS. The company’s revenue was up 5.5% compared to the same quarter last year. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. Equities analysts predict that Starbucks Corporation will post 2.99 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on SBUX shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $113.00 price target on shares of Starbucks in a research note on Thursday, January 29th. BMO Capital Markets reaffirmed an “outperform” rating and set a $120.00 target price on shares of Starbucks in a research report on Friday, January 30th. William Blair upgraded Starbucks from a “market perform” rating to an “outperform” rating in a report on Thursday, January 22nd. UBS Group restated a “neutral” rating on shares of Starbucks in a research note on Friday, January 30th. Finally, Evercore reaffirmed an “outperform” rating on shares of Starbucks in a report on Wednesday, January 28th. Eighteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Starbucks presently has a consensus rating of “Moderate Buy” and a consensus target price 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.