SBUX
Another 13F, another “we like the coffee” move
Assetmark Inc. just showed up in Starbucks’ latest filing like a regular who orders the same drink every morning: it increased its stake by 15.2% in the fourth quarter, buying 51,740 shares and taking its total position to 391,908 shares worth about $33.0 million.
Why you should care
This isn’t the kind of headline that makes a stock rocket 12% before lunch. But it does tell you where some institutional money is landing after Starbucks’ latest earnings hiccup. When a firm adds on weakness, it’s basically voting that the coffee chain’s long game still looks better than the short-term noise.
The bigger Starbucks soup
The article also reminds you that Starbucks recently:
- posted quarterly EPS of $0.56, missing the $0.59 consensus
- reported revenue of $9.92 billion
- set FY2026 guidance of $2.15 to $2.40 in EPS
So yes, the business has some turbulence. But the fact that Assetmark is still leaning in says the market may be treating Starbucks less like a perfect growth story and more like a stubborn brand with a very loyal customer base — which, frankly, is kind of the whole Starbucks franchise.
Big picture: this is a small-but-real sign that institutions are still willing to buy the dip in SBUX, even if the espresso machine is currently making a lot of noise.