Zions Bancorporation National Association UT Grows Stock Position in Starbucks Corporation $SBUX

Zions Bancorporation National Association UT increased its stake in Starbucks Corporation (NASDAQ:SBUX) by 31.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,420 shares of the coffee company’s stock after acquiring an additional 9,747 shares during the period. Zions Bancorporation National Association UT’s holdings in Starbucks were worth $3,420,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Transce3nd LLC grew its holdings in shares of Starbucks by 270.3% in the second quarter. Transce3nd LLC now owns 274 shares of the coffee company’s stock worth $25,000 after purchasing an additional 200 shares during the last quarter. Collier Financial purchased a new stake in Starbucks during the 3rd quarter valued at $25,000. MTM Investment Management LLC bought a new stake in Starbucks in the 2nd quarter worth $28,000. PFS Partners LLC increased its position in shares of Starbucks by 457.4% in the third quarter. PFS Partners LLC now owns 340 shares of the coffee company’s stock valued at $29,000 after acquiring an additional 279 shares during the period. Finally, RMG Wealth Management LLC raised its stake in shares of Starbucks by 109.9% during the third quarter. RMG Wealth Management LLC now owns 382 shares of the coffee company’s stock valued at $33,000 after acquiring an additional 200 shares during the last quarter. 72.29% of the stock is currently owned by institutional investors.

Starbucks Stock Down 3.1%

Shares of SBUX stock opened at $93.79 on Monday. The business’s fifty day moving average is $90.22 and its 200 day moving average is $87.25. The stock has a market cap of $106.85 billion, a price-to-earnings ratio of 77.51, a PEG ratio of 2.10 and a beta of 0.96. Starbucks Corporation has a twelve month low of $75.50 and a twelve month high of $117.46.

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

Analysts Set New Price Targets

Several analysts recently issued reports on the company. BMO Capital Markets reissued an “outperform” rating and issued a $120.00 target price on shares of Starbucks in a research note on Friday, January 30th. UBS Group reiterated a “neutral” rating on shares of Starbucks in a research report on Friday, January 30th. Royal Bank Of Canada reissued an “outperform” rating and set a $105.00 target price on shares of Starbucks in a research note on Thursday, January 29th. New Street Research set a $90.00 price target on Starbucks in a research note on Tuesday, January 27th. Finally, Wells Fargo & Company set a $110.00 price objective on shares of Starbucks in a research report on Wednesday, January 28th. Eighteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.