Neo Ivy Capital Management Lowers Stock Position in Starbucks Corporation $SBUX

Key Points

• Neo Ivy Capital Management cut its stake in Starbucks by 88.5% in Q3, selling 18,206 shares and leaving 2,360 shares worth about $200,000.
• Major institutions continued to add to positions — Vanguard, State Street, Geode and Invesco increased holdings and Norges Bank opened a new ~$1.25 billion position — with institutional investors owning 72.29% of the stock.
• Analysts show a consensus "Moderate Buy" with a target price of $104.22; Starbucks recently missed quarterly EPS ($0.56 vs. $0.59) but beat revenue ($9.92B) and set FY2026 guidance of 2.15–2.40 EPS.

Neo Ivy Capital Management cut its stake in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) by 88.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,360 shares of the coffee company's stock after selling 18,206 shares during the quarter. Neo Ivy Capital Management's holdings in Starbucks were worth $200,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. raised 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 valued at $9,596,931,000 after buying an additional 577,279 shares in the last quarter. State Street Corp grew its position in Starbucks by 1.2% in the second 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 in the last quarter. Geode Capital Management LLC grew its position in Starbucks by 0.4% in the second 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 in the last quarter. Norges Bank bought a new position in Starbucks in the second quarter valued at $1,246,316,000. Finally, Invesco Ltd. raised its position in Starbucks by 11.2% during the second 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 in the last quarter. Hedge funds and other institutional investors own 72.29% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on SBUX. Bank of America set a $114.00 price target on Starbucks in a research note on Wednesday, January 21st. William Blair upgraded Starbucks from a "market perform" rating to an "outperform" rating in a research report on Thursday, January 22nd. Evercore reissued an "outperform" rating on shares of Starbucks in a report on Wednesday, January 28th. New Street Research set a $90.00 target price on Starbucks in a research note on Tuesday, January 27th. Finally, BMO Capital Markets reiterated an "outperform" rating and set a $120.00 price target on shares of Starbucks in a research report on Friday, January 30th. Seventeen investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $104.22.

Starbucks Price Performance

Shares of SBUX stock opened at $98.99 on Monday. The stock has a market capitalization of $112.78 billion, a PE ratio of 81.81, a P/E/G ratio of 2.21 and a beta of 0.93. Starbucks Corporation has a 1-year low of $75.50 and a 1-year high of $106.86. The business has a 50-day moving average of $93.71 and a 200 day moving average of $87.87.

Starbucks (NASDAQ:SBUX - Get Free Report) last announced its quarterly 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). Starbucks had a negative return on equity of 28.66% and a net margin of 3.63%.The company had revenue of $9.92 billion during the quarter, compared to analysts' expectations of $9.62 billion. During the same period last year, the firm earned $0.69 earnings per share. Starbucks's revenue for the quarter was up 5.5% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. Analysts anticipate that Starbucks Corporation will post 2.99 EPS for the current year.

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.

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