State Street Corp Has $5.03 Billion Holdings in Starbucks Corporation $SBUX

Key Points

• State Street increased its Starbucks holdings by 3.2% in the second quarter, owning 49.26 million shares valued at approximately $5.03 billion, or 4.32% of the company. Institutional investors collectively own 72.29% of Starbucks.
• Starbucks reported quarterly EPS of $0.85, beating the $0.66 consensus estimate, while revenue reached $9.32 billion—up from expectations but down 1.4% year over year.
• Analyst sentiment remains mixed, with an overall “Hold” rating and an average price target of $110.30. Recent targets range from $112 to $115, while Starbucks shares recently traded at $95.13.

State Street Corp raised its holdings in Starbucks Corporation (NASDAQ:SBUX - Free Report) by 3.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 49,260,268 shares of the coffee company's stock after acquiring an additional 1,530,497 shares during the period. State Street Corp owned about 4.32% of Starbucks worth $5,033,907,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of SBUX. Sunbelt Securities Inc. increased its stake in Starbucks by 1.0% during the 1st quarter. Sunbelt Securities Inc. now owns 9,473 shares of the coffee company's stock worth $849,000 after purchasing an additional 97 shares in the last quarter. Cypress Capital Management LLC WY boosted its holdings in shares of Starbucks by 30.9% in the second quarter. Cypress Capital Management LLC WY now owns 424 shares of the coffee company's stock valued at $43,000 after buying an additional 100 shares during the period. Webster Bank N. A. boosted its holdings in shares of Starbucks by 7.8% in the second quarter. Webster Bank N. A. now owns 1,396 shares of the coffee company's stock valued at $143,000 after buying an additional 101 shares during the period. Nilsine Partners LLC increased its position in shares of Starbucks by 1.0% during the second quarter. Nilsine Partners LLC now owns 10,039 shares of the coffee company's stock worth $1,026,000 after acquiring an additional 101 shares in the last quarter. Finally, Beta Wealth Group Inc. raised its holdings in shares of Starbucks by 1.7% during the second quarter. Beta Wealth Group Inc. now owns 6,216 shares of the coffee company's stock worth $635,000 after acquiring an additional 102 shares during the period. 72.29% of the stock is currently owned by institutional investors.

Starbucks Stock Performance

NASDAQ:SBUX traded up $0.23 during mid-day trading on Tuesday, reaching $95.13. 2,533,701 shares of the company's stock were exchanged, compared to its average volume of 7,959,459. Starbucks Corporation has a one year low of $77.99 and a one year high of $110.51. The firm has a market capitalization of $108.45 billion, a PE ratio of 54.74, a price-to-earnings-growth ratio of 1.65 and a beta of 0.97. The business's fifty day simple moving average is $104.18 and its two-hundred day simple moving average is $101.29.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The coffee company reported $0.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.66 by $0.19. Starbucks had a net margin of 5.17% and a negative return on equity of 34.10%. The firm had revenue of $9.32 billion during the quarter, compared to the consensus estimate of $9.17 billion. During the same quarter in the previous year, the firm posted $0.50 EPS. The business's revenue for the quarter was down 1.4% compared to the same quarter last year. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. As a group, equities research analysts forecast that Starbucks Corporation will post 2.64 EPS for the current year.

Insider Activity

In related news, CEO Brady Brewer sold 2,229 shares of the stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $105.60, for a total transaction of $235,382.40. Following the sale, the chief executive officer owned 73,149 shares of the company's stock, valued at $7,724,534.40. This represents a 2.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 6,687 shares of company stock valued at $703,450 in the last three months. Insiders own 0.03% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on SBUX. Sanford C. Bernstein cut shares of Starbucks from an "outperform" rating to a "market perform" rating in a research report on Monday, August 3rd. UBS Group raised their target price on shares of Starbucks from $105.00 to $112.00 and gave the company a "neutral" rating in a research note on Thursday, July 30th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $115.00 price objective (up from $110.00) on shares of Starbucks in a research report on Thursday, July 30th. BTIG Research reissued a "buy" rating and issued a $115.00 price target on shares of Starbucks in a report on Friday, July 31st. Finally, Compass Point began coverage on shares of Starbucks in a research report on Monday, August 3rd. They set a "buy" rating for the company. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $110.30.

Starbucks Company Profile

Starbucks Corporation is a global coffeehouse company that roasts, markets and sells specialty coffee, tea, cold beverages, food and other related products. Its offerings include brewed coffee, espresso-based beverages, cold drinks, teas, pastries, breakfast items and packaged coffee and tea products. Starbucks also sells branded merchandise, including drinkware and related accessories.

Founded in 1971 in Seattle, Starbucks has grown from a local coffee retailer into an international business.

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