Assetmark Inc. Raises Holdings in Starbucks Corporation $SBUX

Assetmark Inc. significantly increased its stake in Starbucks Corporation ($SBUX) by 19.8% in the third quarter, acquiring an additional 56,156 shares to now hold 340,168 shares valued at $28.78 million. Other institutional investors like Vanguard, State Street, and Invesco also boosted their holdings, with institutional ownership of SBUX now standing at 72.29%. Despite missing EPS estimates, Starbucks reported revenue that beat expectations and set a positive FY2026 EPS guidance, maintaining a “Moderate Buy” consensus analyst rating.