5,823 Starbucks Corporation $SBUX Shares Acquired by MGO One Seven LLC

MGO One Seven LLC boosted its position in Starbucks Corporation (NASDAQ:SBUX) by 17.3% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 39,536 shares of the coffee company’s stock after purchasing an additional 5,823 shares during the period. MGO One Seven LLC’s holdings in Starbucks were worth $3,715,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State of Wyoming bought a new stake in shares of Starbucks during the 3rd quarter worth $184,000. Raleigh Capital Management Inc. grew its position in Starbucks by 7,153.8% during the third quarter. Raleigh Capital Management Inc. now owns 1,886 shares of the coffee company’s stock valued at $177,000 after buying an additional 1,860 shares during the period. International Assets Investment Management LLC grew its position in Starbucks by 2,296.2% during the third quarter. International Assets Investment Management LLC now owns 139,364 shares of the coffee company’s stock valued at $13,095,000 after buying an additional 133,548 shares during the period. Kampmann Melissa S. increased its holdings in Starbucks by 15.5% during the third quarter. Kampmann Melissa S. now owns 14,409 shares of the coffee company’s stock worth $1,354,000 after buying an additional 1,930 shares during the last quarter. Finally, Lebenthal Global Advisors LLC purchased a new stake in Starbucks during the third quarter worth about $790,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Starbucks News Roundup

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Analyst support remains constructive. BTIG reiterated its Buy rating, while a Seeking Alpha analysis argued that Starbucks’ bear case is losing momentum. Citi also raised its price target to $107 from $104, although it maintained a Neutral rating. BTIG reiterates Starbucks Buy rating Starbucks bear case losing steam
• Positive Sentiment: North American trends are improving. Management highlighted continued growth in customer visits and spending, supported by new menu offerings, digital engagement and the Green Apron Service operating initiative. These trends could help offset weakness in other markets. Starbucks Q3 earnings call questions
• Neutral Sentiment: Analyst opinion is mixed. DA Davidson reaffirmed a Neutral rating, and Citi’s $107 target implies only modest potential appreciation from recent levels. The mixed ratings suggest investors see stabilization but not a clear reacceleration in growth. DA Davidson reaffirms Starbucks Neutral rating Citi raises Starbucks price target
• Negative Sentiment: Revenue missed expectations. Starbucks’ quarterly results drew a negative market reaction after revenue fell year over year and missed estimates, largely because the transition of its China operations to a licensed model reduced reported sales. The quarter’s performance remains an overhang despite stronger North American sales. Starbucks Q3 earnings call questions
• Negative Sentiment: Ending employee GLP-1 coverage could create workforce and reputational risks. Starbucks is among employers reportedly reducing coverage for weight-loss drugs, potentially lowering benefits costs but creating employee-retention concerns and negative publicity. Employers dropping GLP-1 coverage

Analyst Ratings Changes

SBUX has been the topic of several research reports. Wells Fargo & Company lowered their price objective on shares of Starbucks from $125.00 to $120.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 21st. Weiss Ratings raised shares of Starbucks from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, October 16th. Guggenheim restated a “neutral” rating and set a $103.00 price target (up from $97.00) on shares of Starbucks in a research note on Monday. CICC Research lifted their price target on shares of Starbucks from $95.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $110.00 price target on shares of Starbucks in a report on Friday. Twenty-two equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, Starbucks currently has a consensus rating of “Hold” and a consensus price target of $110.79.

Starbucks Stock Performance

Shares of Starbucks stock opened at $104.40 on Tuesday. Starbucks Corporation has a 52-week low of $77.99 and a 52-week high of $110.51. The stock’s 50-day simple moving average is $99.20 and its 200 day simple moving average is $99.77. The stock has a market capitalization of $119.02 billion, a P/E ratio of 47.24, a P/E/G ratio of 1.57 and a beta of 0.98.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Thursday, October 29th. The coffee company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.72 by $0.08. The business had revenue of $9.14 billion for the quarter, compared to the consensus estimate of $9.22 billion. Starbucks had a net margin of 5.17% and a negative return on equity of 34.10%. The company’s revenue was down 4.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.52 earnings per share. Equities research analysts forecast that Starbucks Corporation will post 3.21 EPS for the current fiscal year.

Starbucks Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Friday, November 13th will be issued a $0.63 dividend. This is a boost from Starbucks’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Friday, November 13th. This represents a $2.52 annualized dividend and a yield of 2.4%. Starbucks’s payout ratio is 114.03%.

Insider Buying and Selling

In related news, CEO Brady Brewer sold 2,229 shares of Starbucks stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $105.60, for a total value of $235,382.40. Following the completion of the transaction, the chief executive officer directly owned 73,149 shares in the company, valued at approximately $7,724,534.40. The trade was a 2.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 6,687 shares of company stock valued at $685,935. 0.03% of the stock is currently owned by company insiders.

Starbucks Profile

Starbucks Corporation is a global specialty coffee company headquartered in Seattle, Washington. Founded in 1971, the company operates and licenses coffeehouses under the Starbucks brand, serving brewed coffee, espresso beverages, teas, cold drinks, food, and other ready-to-consume products.

In addition to its company-operated and licensed stores, Starbucks sells packaged coffee, tea, and single-serve products through grocery retailers, convenience stores, and other distribution channels.