Crossmark Global Holdings Inc. Acquires 10,918 Shares of Starbucks Corporation $SBUX

Crossmark Global Holdings Inc. increased its holdings in Starbucks Corporation (NASDAQ:SBUXFree Report) by 6.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 186,405 shares of the coffee company’s stock after purchasing an additional 10,918 shares during the period. Crossmark Global Holdings Inc.’s holdings in Starbucks were worth $15,770,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Starbucks in the second quarter worth $1,246,316,000. Corient Private Wealth LLC lifted its position in Starbucks by 146.6% during the 2nd quarter. Corient Private Wealth LLC now owns 6,049,192 shares of the coffee company’s stock worth $553,201,000 after acquiring an additional 3,596,014 shares during the last quarter. Invesco Ltd. lifted 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 worth $1,169,011,000 after purchasing an additional 1,286,451 shares during the last quarter. California Public Employees Retirement System boosted its position in shares of Starbucks by 68.0% in the second 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 during the period. Finally, Massachusetts Financial Services Co. MA boosted its holdings in 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 purchasing an additional 1,026,056 shares during the period. 72.29% of the stock is currently owned by institutional investors.

Starbucks Price Performance

NASDAQ SBUX opened at $98.64 on Friday. The stock’s 50 day simple moving average is $93.43 and its 200 day simple moving average is $87.86. Starbucks Corporation has a one year low of $75.50 and a one year high of $110.43. The firm has a market cap of $112.38 billion, a PE ratio of 81.52, a price-to-earnings-growth ratio of 2.17 and a beta of 0.93.

Starbucks (NASDAQ:SBUXGet Free Report) last posted its quarterly earnings data on Wednesday, January 28th. The coffee company reported $0.56 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 business had revenue of $9.92 billion during the quarter, compared to analyst estimates of $9.62 billion. During the same period in the prior year, the firm posted $0.69 EPS. Starbucks’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. As a group, equities analysts expect that Starbucks Corporation will post 2.99 earnings per share for the current year.

Starbucks News Roundup

Here are the key news stories impacting Starbucks this week:

Analysts Set New Price Targets

SBUX has been the topic of a number of recent research reports. William Blair upgraded shares of Starbucks from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 22nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Starbucks in a research note on Monday, December 29th. Mizuho raised their price target on shares of Starbucks from $86.00 to $95.00 and gave the stock a “neutral” rating in a research note on Monday, January 26th. UBS Group reaffirmed a “neutral” rating on shares of Starbucks in a report on Friday, January 30th. Finally, Guggenheim reiterated a “neutral” rating and issued a $95.00 price objective (up from $90.00) on shares of Starbucks in a research note on Wednesday. Seventeen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Starbucks has a consensus rating of “Moderate Buy” and a consensus price target of $104.50.

View Our Latest Analysis on Starbucks

Starbucks Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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