Danske Bank A S Grows Stock Holdings in Starbucks Corporation $SBUX

Danske Bank A S increased its stake in Starbucks Corporation (NASDAQ:SBUXFree Report) by 9.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 573,419 shares of the coffee company’s stock after buying an additional 48,706 shares during the quarter. Danske Bank A S’s holdings in Starbucks were worth $48,288,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Starbucks by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 114,410,675 shares of the coffee company’s stock valued at $9,634,523,000 after acquiring an additional 971,773 shares in the last quarter. Capital Research Global Investors raised its position in shares of Starbucks by 11.4% in the 3rd quarter. Capital Research Global Investors now owns 85,460,350 shares of the coffee company’s stock worth $7,229,968,000 after purchasing an additional 8,774,198 shares during the last quarter. Capital World Investors boosted its stake in Starbucks by 1.9% in the 3rd quarter. Capital World Investors now owns 77,720,137 shares of the coffee company’s stock worth $6,575,430,000 after purchasing an additional 1,462,874 shares in the last quarter. Capital International Investors boosted its stake in Starbucks by 22.5% in the 3rd quarter. Capital International Investors now owns 14,691,772 shares of the coffee company’s stock worth $1,243,104,000 after purchasing an additional 2,699,479 shares in the last quarter. Finally, Invesco Ltd. grew its position in Starbucks by 6.5% during the 3rd quarter. Invesco Ltd. now owns 13,590,494 shares of the coffee company’s stock valued at $1,149,756,000 after purchasing an additional 832,540 shares during the last quarter. Institutional investors own 72.29% of the company’s stock.

Insider Buying and Selling at Starbucks

In related news, CEO Brady Brewer sold 588 shares of the company’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $100.00, for a total transaction of $58,800.00. Following the completion of the sale, the chief executive officer owned 83,788 shares in the company, valued at approximately $8,378,800. This represents a 0.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sara Kelly sold 2,000 shares of the company’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $105.00, for a total transaction of $210,000.00. Following the sale, the executive vice president directly owned 57,653 shares of the company’s stock, valued at $6,053,565. The trade was a 3.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 8,958 shares of company stock valued at $877,464 in the last ninety days. 0.03% of the stock is currently owned by corporate insiders.

More Starbucks News

Here are the key news stories impacting Starbucks this week:

Starbucks Stock Up 0.5%

SBUX opened at $105.90 on Friday. The stock has a market capitalization of $120.65 billion, a price-to-earnings ratio of 80.23, a PEG ratio of 2.15 and a beta of 1.02. The firm has a 50 day moving average price of $96.53 and a 200-day moving average price of $90.95. Starbucks Corporation has a twelve month low of $77.99 and a twelve month high of $107.52.

Starbucks (NASDAQ:SBUXGet Free Report) last issued its earnings results on Tuesday, April 28th. The coffee company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.06. Starbucks had a net margin of 3.89% and a negative return on equity of 29.24%. The company had revenue of $9.53 billion for the quarter, compared to analysts’ expectations of $9.17 billion. During the same quarter last year, the company posted $0.41 earnings per share. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. As a group, analysts expect that Starbucks Corporation will post 2.4 earnings per share for the current year.

Starbucks Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, May 15th. Starbucks’s dividend payout ratio (DPR) is 187.88%.

Analyst Ratings Changes

SBUX has been the subject of several recent analyst reports. Tigress Financial initiated coverage on shares of Starbucks in a report on Wednesday, April 15th. They issued a “buy” rating and a $122.00 target price for the company. UBS Group reiterated a “neutral” rating and set a $105.00 price target (up from $100.00) on shares of Starbucks in a report on Wednesday. Morgan Stanley boosted their price objective on shares of Starbucks from $105.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday. Jefferies Financial Group raised Starbucks from an “underperform” rating to a “hold” rating in a research report on Tuesday. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $120.00 target price on shares of Starbucks in a research note on Friday, January 30th. Sixteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $106.93.

Get Our Latest Stock Analysis on SBUX

Starbucks Profile

(Free Report)

Starbucks Corporation is a global coffeehouse chain and roaster that operates, licenses and franchises coffee shops and related retail businesses. Founded in Seattle, Washington in 1971 by Jerry Baldwin, Zev Siegl and Gordon Bowker, the company grew from a single store focused on whole-bean coffee and equipment into a broad consumer-facing brand. Howard Schultz, who joined the company later and served in senior leadership roles, is widely credited with transforming Starbucks into a mass-market specialty coffee retailer and expanding its footprint internationally.

Starbucks’ core activities center on the retail sale of hot and cold specialty beverages, whole-bean and packaged coffees, teas and ready-to-drink products, along with complementary food items and merchandise such as mugs and brewing equipment.

Featured Articles

Want to see what other hedge funds are holding SBUX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Starbucks Corporation (NASDAQ:SBUXFree Report).

Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

Receive News & Ratings for Starbucks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Starbucks and related companies with MarketBeat.com's FREE daily email newsletter.