State of New Jersey Common Pension Fund D Increases Stake in Starbucks Corporation $SBUX

State of New Jersey Common Pension Fund D increased its stake in Starbucks Corporation (NASDAQ:SBUX) by 3.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 397,795 shares of the coffee company’s stock after acquiring an additional 13,931 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Starbucks were worth $33,653,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Transce3nd LLC boosted 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 valued at $25,000 after purchasing an additional 200 shares during the last quarter. Collier Financial purchased a new position in shares of Starbucks in the 3rd quarter worth $25,000. MTM Investment Management LLC acquired a new position in Starbucks in the second quarter valued at $28,000. PFS Partners LLC grew its position in 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 acquiring an additional 279 shares during the period. Finally, RMG Wealth Management LLC increased its stake in Starbucks by 109.9% during the third quarter. RMG Wealth Management LLC now owns 382 shares of the coffee company’s stock worth $33,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Analyst Upgrades and Downgrades

SBUX has been the topic of several research analyst reports. Dbs Bank lowered Starbucks from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. Barclays set a $116.00 price target on shares of Starbucks and gave the company an “overweight” rating in a report on Friday, January 30th. Evercore reiterated an “outperform” rating on shares of Starbucks in a research note on Wednesday, January 28th. Bank of America set a $114.00 target price on shares of Starbucks in a research note on Wednesday, January 21st. Finally, BTIG Research restated a “buy” rating and set a $105.00 target price on shares of Starbucks in a report on Thursday, January 29th. Eighteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $104.31.

Starbucks Trading Down 3.1%

SBUX opened at $93.79 on Monday. Starbucks Corporation has a twelve month low of $75.50 and a twelve month high of $117.46. The firm 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. The company has a fifty day simple moving average of $90.22 and a 200 day simple moving average of $87.25.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Wednesday, January 28th. The coffee company reported $0.56 earnings per share 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 firm had revenue of $9.92 billion during the quarter, compared to analysts’ expectations of $9.62 billion. During the same period in the previous year, the company earned $0.69 earnings per share. The business’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. On average, 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.