Morningstar Investment Management LLC Has $277,000 Stock Position in Starbucks Corporation $SBUX

Morningstar Investment Management LLC reduced its stake in Starbucks Corporation (NASDAQ:SBUX) by 93.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 3,294 shares of the coffee company’s stock after selling 49,175 shares during the period. Morningstar Investment Management LLC’s holdings in Starbucks were worth $277,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SBUX. Providence Capital Advisors LLC acquired a new position in Starbucks in the third quarter valued at approximately $6,099,000. Vanguard Group Inc. lifted its stake in Starbucks by 0.5% in the third quarter. Vanguard Group Inc. now owns 113,438,902 shares of the coffee company’s stock valued at $9,596,931,000 after buying an additional 577,279 shares during the period. Lantz Financial LLC lifted its stake in Starbucks by 346.6% in the third quarter. Lantz Financial LLC now owns 17,833 shares of the coffee company’s stock valued at $1,509,000 after buying an additional 13,840 shares during the period. Envestnet Asset Management Inc. lifted its stake in Starbucks by 10.6% in the third quarter. Envestnet Asset Management Inc. now owns 4,241,131 shares of the coffee company’s stock valued at $358,800,000 after buying an additional 405,331 shares during the period. Finally, Compass Wealth Management LLC lifted its stake in Starbucks by 33.5% in the third quarter. Compass Wealth Management LLC now owns 79,193 shares of the coffee company’s stock valued at $6,700,000 after buying an additional 19,877 shares during the period. 72.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Brady Brewer sold 2,229 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $104.81, for a total transaction of $233,621.49. Following the transaction, the chief executive officer directly owned 81,559 shares of the company’s stock, valued at $8,548,198.79. This represents a 2.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sara Kelly sold 2,500 shares of the company’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $97.12, for a total value of $242,800.00. Following the sale, the executive vice president owned 59,609 shares of the company’s stock, valued at $5,789,226.08. This trade represents a 4.03% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 11,187 shares of company stock worth $1,111,085 over the last ninety days. 0.03% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on SBUX shares. Robert W. Baird boosted their price target on Starbucks from $112.00 to $117.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Wolfe Research started coverage on Starbucks in a research note on Monday, March 9th. They issued a “peer perform” rating on the stock. JPMorgan Chase & Co. boosted their price target on Starbucks from $95.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Wells Fargo & Company reissued an “overweight” rating and issued a $115.00 price target (up from $110.00) on shares of Starbucks in a research note on Wednesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Starbucks in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $107.48.

Starbucks Price Performance

Shares of NASDAQ:SBUX opened at $103.11 on Tuesday. Starbucks Corporation has a twelve month low of $77.99 and a twelve month high of $108.88. The stock’s 50 day moving average is $98.71 and its 200-day moving average is $93.35. The firm has a market capitalization of $117.51 billion, a price-to-earnings ratio of 78.11, a PEG ratio of 2.08 and a beta of 1.01.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Tuesday, April 28th. The coffee company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. Starbucks had a negative return on equity of 29.24% and a net margin of 3.89%.The company had revenue of $9.53 billion for the quarter, compared to analyst estimates of $9.17 billion. During the same period in the prior year, the firm earned $0.41 earnings per share. Starbucks’s revenue for the quarter was up 8.8% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. Equities research analysts anticipate that Starbucks Corporation will post 2.42 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, May 15th. Starbucks’s dividend payout ratio is presently 187.88%.

Starbucks Profile

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.