Crossmark Global Holdings Inc. Has $15.77 Million Stock Holdings in Starbucks Corporation $SBUX

Crossmark Global Holdings Inc. increased its position in Starbucks Corporation (NASDAQ:SBUXFree Report) by 6.2% in the third quarter, Holdings Channel.com reports. The firm owned 186,405 shares of the coffee company’s stock after acquiring 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 quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SBUX. Vanguard Group Inc. grew its position in shares of Starbucks by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 113,438,902 shares of the coffee company’s stock worth $9,596,931,000 after buying an additional 577,279 shares during the period. State Street Corp grew its holdings in Starbucks by 1.2% during the 2nd quarter. State Street Corp now owns 47,513,332 shares of the coffee company’s stock worth $4,353,647,000 after acquiring an additional 544,534 shares during the period. Geode Capital Management LLC grew its holdings in Starbucks by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 25,846,634 shares of the coffee company’s stock worth $2,357,815,000 after acquiring an additional 99,983 shares during the period. Norges Bank bought a new stake in shares of Starbucks during the 2nd quarter valued at $1,246,316,000. Finally, Invesco Ltd. lifted its stake in shares of Starbucks by 11.2% in the 2nd quarter. Invesco Ltd. now owns 12,757,954 shares of the coffee company’s stock valued at $1,169,011,000 after purchasing an additional 1,286,451 shares during the period. 72.29% of the stock is owned by institutional investors.

Starbucks News Roundup

Here are the key news stories impacting Starbucks this week:

Starbucks Stock Up 1.5%

Starbucks stock opened at $98.64 on Friday. The company has a 50 day moving average of $93.43 and a 200-day moving average of $87.86. The stock has a market capitalization 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 Corporation has a twelve month low of $75.50 and a twelve month high of $110.43.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on SBUX shares. Dbs Bank cut Starbucks from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. Wells Fargo & Company set a $110.00 target price on Starbucks in a research report on Wednesday, January 28th. Zacks Research raised Starbucks from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 27th. Guggenheim reissued a “neutral” rating and set a $95.00 price objective (up from $90.00) on shares of Starbucks in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $113.00 price objective on shares of Starbucks in a report on Thursday, January 29th. Seventeen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Starbucks presently has an average rating of “Moderate Buy” and a consensus price target of $104.50.

Get Our Latest Report on SBUX

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.

Featured Stories

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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