Reik & CO. LLC Decreases Stock Holdings in Starbucks Corporation $SBUX

Reik & CO. LLC cut its holdings in Starbucks Corporation (NASDAQ:SBUX) by 11.3% during the 4th quarter, Holdings Channel reports. The firm owned 37,719 shares of the coffee company’s stock after selling 4,822 shares during the period. Starbucks makes up approximately 0.9% of Reik & CO. LLC’s investment portfolio, making the stock its 14th biggest position. Reik & CO. LLC’s holdings in Starbucks were worth $3,176,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of SBUX. Collier Financial bought a new stake in shares of Starbucks in the third quarter worth about $25,000. Rachor Investment Advisory Services LLC bought a new stake in shares of Starbucks in the fourth quarter worth about $25,000. Y.D. More Investments Ltd bought a new stake in shares of Starbucks in the third quarter worth about $26,000. JPL Wealth Management LLC bought a new stake in shares of Starbucks in the third quarter worth about $27,000. Finally, Kelleher Financial Advisors bought a new stake in shares of Starbucks in the third quarter worth about $27,000. 72.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

SBUX has been the topic of several recent analyst reports. BNP Paribas Exane initiated coverage on shares of Starbucks in a report on Thursday. They issued an “underperform” rating on the stock. Morgan Stanley upgraded shares of Starbucks from an “overweight” rating to an “overweight” rating in a report on Thursday. Stephens initiated coverage on shares of Starbucks in a report on Thursday. They issued an “overweight” rating on the stock. JPMorgan Chase & Co. lifted their price target on shares of Starbucks from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Finally, Barclays set a $116.00 price target on shares of Starbucks and gave the company an “overweight” rating in a report on Friday, January 30th. Twenty investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $107.48.

Key Starbucks News

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Investors appear to like the cost-cutting focus, as the layoffs and office closures are intended to improve efficiency, support margin recovery, and help fund the company’s turnaround strategy. Reuters article
• Positive Sentiment: Wall Street sentiment also remains supportive, with TD Cowen upgrading Starbucks to Buy and raising its price target, citing improving sales drivers, margin recovery, and multiple tangible catalysts for the comeback story. Analyst upgrade article
• Neutral Sentiment: The restructuring comes with a sizable estimated $400 million charge, which could weigh on near-term earnings even as management argues the actions will strengthen the business over time. New York Times article
• Neutral Sentiment: Recent trading also reflects a broader re-rating of the stock, which has been pushing toward new highs as investors gain confidence in CEO Brian Niccol’s turnaround plan. CNBC article
• Negative Sentiment: The job cuts and office closures also signal that the turnaround is still in progress, and the company may continue to face pressure from restructuring costs and execution risk before the benefits show up in results. Wall Street Journal article

Insider Buying and Selling

In other news, CEO Brady Brewer sold 2,229 shares of the business’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 value of $233,621.49. Following the sale, the chief executive officer directly owned 81,559 shares of the company’s stock, valued at $8,548,198.79. The trade was a 2.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available 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 stock was sold at an average price of $105.00, for a total transaction of $210,000.00. Following the completion of the transaction, the executive vice president owned 57,653 shares in the company, valued at approximately $6,053,565. The trade was a 3.35% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 11,187 shares of company stock worth $1,111,085. Insiders own 0.03% of the company’s stock.

Starbucks Price Performance

Shares of NASDAQ SBUX opened at $106.82 on Monday. Starbucks Corporation has a 1 year low of $77.99 and a 1 year high of $108.88. The stock has a market cap of $121.74 billion, a P/E ratio of 80.92, a price-to-earnings-growth ratio of 2.15 and a beta of 1.01. The firm has a 50-day moving average of $98.11 and a 200 day moving average of $92.40.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Tuesday, April 28th. The coffee company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $9.17 billion. During the same period last year, the company posted $0.41 EPS. Starbucks’s revenue was up 8.8% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. Research analysts expect that Starbucks Corporation will post 2.42 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be given 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 of this dividend is Friday, May 15th. Starbucks’s payout ratio is currently 187.88%.

About Starbucks

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.