Fintel reports that on September 26, 2024, Bernstein upgraded their outlook for Starbucks (SNSE:SBUX) from Market Perform to Outperform.

What is the Fund Sentiment?

There are 3,317 funds or institutions reporting positions in Starbucks. This is an decrease of 141 owner(s) or 4.08% in the last quarter. Average portfolio weight of all funds dedicated to SBUX is 0.34%, an increase of 10.29%. Total shares owned by institutions increased in the last three months by 8.62% to 947,449K shares.

What are Other Shareholders Doing?

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 35,737K shares representing 3.15% ownership of the company. In its prior filing, the firm reported owning 35,583K shares , representing an increase of 0.43%. The firm decreased its portfolio allocation in SBUX by 16.80% over the last quarter.

VFINX - Vanguard 500 Index Fund Investor Shares holds 29,071K shares representing 2.57% ownership of the company. In its prior filing, the firm reported owning 28,529K shares , representing an increase of 1.87%. The firm decreased its portfolio allocation in SBUX by 17.83% 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.

Barclays holds 23,657K shares representing 2.09% ownership of the company. In its prior filing, the firm reported owning 8,910K shares , representing an increase of 62.34%. The firm increased its portfolio allocation in SBUX by 98.88% over the last quarter.

Invesco Qqq Trust, Series 1 holds 21,816K shares representing 1.93% ownership of the company. In its prior filing, the firm reported owning 21,223K shares , representing an increase of 2.72%. The firm decreased its portfolio allocation in SBUX by 21.18% over the last quarter.