Fintel reports that on August 13, 2024, TD Cowen upgraded their outlook for Starbucks (WBAG:SBUX) from Hold to Buy.
What is the Fund Sentiment?
There are 3,296 funds or institutions reporting positions in Starbucks. This is an decrease of 147 owner(s) or 4.27% in the last quarter. Average portfolio weight of all funds dedicated to SBUX is 0.35%, an increase of 7.88%. Total shares owned by institutions increased in the last three months by 1.87% to 923,743K shares.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 35,583K shares representing 3.14% ownership of the company. In its prior filing, the firm reported owning 35,667K shares , representing a decrease of 0.24%. The firm decreased its portfolio allocation in SBUX by 13.42% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 28,529K shares representing 2.52% ownership of the company. In its prior filing, the firm reported owning 27,914K shares , representing an increase of 2.16%. The firm decreased its portfolio allocation in SBUX by 14.22% over the last quarter.
Geode Capital Management holds 23,945K shares representing 2.11% ownership of the company. In its prior filing, the firm reported owning 23,368K shares , representing an increase of 2.41%. The firm decreased its portfolio allocation in SBUX by 56.75% over the last quarter.
Invesco Qqq Trust, Series 1 holds 21,223K shares representing 1.87% ownership of the company. In its prior filing, the firm reported owning 20,790K shares , representing an increase of 2.04%. The firm decreased its portfolio allocation in SBUX by 13.77% over the last quarter.
Wells Fargo holds 20,349K shares representing 1.80% ownership of the company. In its prior filing, the firm reported owning 19,957K shares , representing an increase of 1.93%. The firm decreased its portfolio allocation in SBUX by 70.78% over the last quarter.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
