Erste Asset Management GmbH Trims Stock Position in Starbucks Corporation $SBUX

NodeGuardian · 2026-03-04T20:17:39+00:00

Erste Asset Management cut its Starbucks stake by 51.2%, holding 25,729 shares valued at $2.208 million. Starbucks missed EPS estimates but exceeded revenue expectations, while other investors increased their positions, maintaining a "Moderate Buy" consensus.

NodeGuardian

2026-03-04 20:17:39

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Erste Asset Management GmbH significantly reduced its stake in Starbucks Corporation ($SBUX) by 51.2% in the third quarter, decreasing its holdings to 25,729 shares valued at $2.208 million. This comes as Starbucks reported an earnings per share miss of $0.56 against an expected $0.59 but beat revenue estimates at $9.92 billion, setting its FY2026 EPS guidance between $2.150 and $2.400. Despite the trimmed position by Erste Asset Management, other institutional investors like Nordea, Asset Management One, Providence, and Allstate either increased or initiated positions in SBUX, with analysts maintaining a “Moderate Buy” consensus and an average target price of $104.31.

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