Starbucks Corporation $SBUX Shares Sold by WINTON GROUP Ltd

WINTON GROUP Ltd trimmed its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 87.5% during the third quarter, Holdings Channel reports. The firm owned 18,078 shares of the coffee company’s stock after selling 126,442 shares during the quarter. WINTON GROUP Ltd’s holdings in Starbucks were worth $1,529,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Nordea Investment Management AB lifted its holdings in Starbucks by 3.2% in the 3rd quarter. Nordea Investment Management AB now owns 433,112 shares of the coffee company’s stock valued at $36,576,000 after purchasing an additional 13,262 shares in the last quarter. Providence Capital Advisors LLC purchased a new stake in shares of Starbucks during the third quarter worth about $6,099,000. Asset Management One Co. Ltd. grew its holdings in shares of Starbucks by 3.1% during the third quarter. Asset Management One Co. Ltd. now owns 548,768 shares of the coffee company’s stock worth $46,426,000 after buying an additional 16,428 shares in the last quarter. Allstate Corp acquired a new position in shares of Starbucks in the third quarter valued at approximately $3,491,000. Finally, Vanguard Group Inc. lifted its stake in shares of Starbucks by 0.5% during the third quarter. Vanguard Group Inc. now owns 113,438,902 shares of the coffee company’s stock valued at $9,596,931,000 after buying an additional 577,279 shares during the period. Institutional investors and hedge funds own 72.29% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Mizuho raised their target price on shares of Starbucks from $86.00 to $95.00 and gave the stock a “neutral” rating in a research report on Monday, January 26th. Bank of America set a $114.00 price target on Starbucks in a report on Wednesday, January 21st. TD Cowen restated a “hold” rating and set a $89.00 price objective (up from $84.00) on shares of Starbucks in a report on Friday, January 30th. DA Davidson began coverage on Starbucks in a research report on Friday, March 6th. They issued a “neutral” rating and a $97.00 price objective for the company. Finally, Wolfe Research initiated coverage on Starbucks in a research note on Monday. They issued a “peer perform” rating for the company. Seventeen investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Starbucks presently has a consensus rating of “Moderate Buy” and an average target price of $104.22.

Insiders Place Their Bets

In other news, CEO Brady Brewer sold 1,641 shares of the firm’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $97.12, for a total value of $159,373.92. Following the transaction, the chief executive officer directly owned 86,605 shares in the company, valued at $8,411,077.60. This trade represents a 1.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Sara Kelly sold 2,500 shares of the firm’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $97.12, for a total value of $242,800.00. Following the completion of the transaction, the executive vice president owned 59,609 shares in the company, valued at approximately $5,789,226.08. This trade represents a 4.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.03% of the stock is currently owned by company insiders.

Starbucks Stock Up 1.0%

NASDAQ:SBUX opened at $100.77 on Wednesday. The company has a market cap of $114.81 billion, a P/E ratio of 83.28, a P/E/G ratio of 2.24 and a beta of 0.93. The firm’s 50 day moving average is $94.31 and its two-hundred day moving average is $88.03. Starbucks Corporation has a fifty-two week low of $75.50 and a fifty-two week high of $104.82.

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

Starbucks 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.