Starbucks Corporation $SBUX Shares Bought by Teacher Retirement System of Texas

The Teacher Retirement System of Texas increased its stake in Starbucks (SBUX) by 16.6% during the fourth quarter, now holding 204,473 shares valued at over $17.2 million. Institutional investors collectively own about 72.29% of Starbucks’ stock. Wall Street analysts have a “Moderate Buy” consensus rating for Starbucks, with an average price target of $104.75, following recent earnings that missed EPS but beat revenue estimates, and the announcement of a $0.62 quarterly dividend.

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