Raiffeisen Bank International AG Increases Holdings in Starbucks Corporation $SBUX

Raiffeisen Bank International AG increased its position in Starbucks Corporation (NASDAQ:SBUXFree Report) by 78.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,250 shares of the coffee company’s stock after buying an additional 8,029 shares during the quarter. Raiffeisen Bank International AG’s holdings in Starbucks were worth $1,563,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of SBUX. Transce3nd LLC lifted its holdings in shares of Starbucks by 270.3% in the 2nd quarter. Transce3nd LLC now owns 274 shares of the coffee company’s stock worth $25,000 after acquiring an additional 200 shares during the last quarter. Collier Financial purchased a new position in Starbucks in the 3rd quarter worth $25,000. Y.D. More Investments Ltd bought a new stake in Starbucks in the third quarter worth $26,000. MTM Investment Management LLC purchased a new stake in Starbucks during the second quarter valued at about $28,000. Finally, PFS Partners LLC grew its stake in shares of Starbucks by 457.4% during the third quarter. PFS Partners LLC now owns 340 shares of the coffee company’s stock valued at $29,000 after buying an additional 279 shares during the last quarter. 72.29% of the stock is currently owned by institutional investors.

Starbucks News Roundup

Here are the key news stories impacting Starbucks this week:

Starbucks Stock Up 1.8%

Shares of SBUX stock opened at $97.49 on Friday. The firm has a market capitalization of $111.07 billion, a price-to-earnings ratio of 80.57, a PEG ratio of 2.18 and a beta of 0.96. The stock has a fifty day moving average of $91.39 and a 200 day moving average of $87.50. Starbucks Corporation has a 52 week low of $75.50 and a 52 week high of $117.46.

Starbucks (NASDAQ:SBUXGet Free Report) last issued its quarterly earnings data 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 analysts’ expectations of $9.62 billion. During the same period in the previous year, the firm posted $0.69 earnings per share. The firm’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. Equities research analysts anticipate that Starbucks Corporation will post 2.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SBUX shares. Evercore reissued an “outperform” rating on shares of Starbucks in a research note on Wednesday, January 28th. Weiss Ratings reissued a “hold (c-)” rating on shares of Starbucks in a research note on Monday, December 29th. Guggenheim reaffirmed a “buy” rating and issued a $90.00 target price on shares of Starbucks in a research note on Monday, January 26th. BTIG Research reiterated a “buy” rating and set a $105.00 price target on shares of Starbucks in a report on Thursday, January 29th. Finally, New Street Research set a $90.00 price target on shares of Starbucks in a report on Tuesday, January 27th. Eighteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $104.31.

Read Our Latest Report on Starbucks

Starbucks Company 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.

Further Reading

Want to see what other hedge funds are holding SBUX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Starbucks Corporation (NASDAQ:SBUXFree Report).

Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

Receive News & Ratings for Starbucks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Starbucks and related companies with MarketBeat.com's FREE daily email newsletter.