Starbucks Corporation $SBUX Stock Acquired by Keybank National Association OH

Keybank National Association OH boosted its holdings in Starbucks Corporation (NASDAQ:SBUX) by 2.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 661,500 shares of the coffee company’s stock after purchasing an additional 17,746 shares during the quarter. Keybank National Association OH owned about 0.06% of Starbucks worth $62,155,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Meeder Asset Management Inc. purchased a new stake in Starbucks during the 2nd quarter valued at approximately $25,000. Black Cypress Capital Management LLC purchased a new position in shares of Starbucks in the 2nd quarter valued at approximately $27,000. Center for Financial Planning Inc. grew its stake in shares of Starbucks by 125.2% in the 3rd quarter. Center for Financial Planning Inc. now owns 295 shares of the coffee company’s stock valued at $28,000 after purchasing an additional 164 shares during the last quarter. Bangor Savings Bank grew its stake in shares of Starbucks by 207.5% in the 2nd quarter. Bangor Savings Bank now owns 326 shares of the coffee company’s stock valued at $33,000 after purchasing an additional 220 shares during the last quarter. Finally, William Mack & Associates Inc. acquired a new position in shares of Starbucks in the third quarter valued at approximately $31,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. TD Cowen restated a “buy” rating and set a $120.00 price target on shares of Starbucks in a research note on Friday, October 30th. William Blair reaffirmed an “outperform” rating on shares of Starbucks in a report on Friday, October 30th. KeyCorp reiterated a “sector weight” rating on shares of Starbucks in a research report on Friday, October 30th. Stephens started coverage on shares of Starbucks in a research note on Tuesday, November 3rd. They issued an “equal weight” rating and a $39.00 price objective on the stock. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $115.00 price objective (up from $110.00) on shares of Starbucks in a research report on Thursday, July 30th. Twenty-one equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $108.83.

Insiders Place Their Bets

In related news, CEO Brady Brewer sold 2,229 shares of the company’s stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $110.00, for a total transaction of $245,190.00. Following the transaction, the chief executive officer owned 68,691 shares of the company’s stock, valued at $7,556,010. This represents a 3.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 6,687 shares of company stock worth $694,874 over the last quarter. Corporate insiders own 0.03% of the company’s stock.

More Starbucks News

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Stifel resumed coverage with a Buy rating and a $115 price target, adding a bullish analyst view that helped support the stock’s recent advance. Starbucks rises as Stifel resumes coverage with Buy rating and $115 target
• Positive Sentiment: Starbucks is targeting 18% EPS growth in fiscal 2027, supported by margin expansion and cost savings, as well as an additional fiscal week. If achieved, stronger earnings could offset softer sales. Can SBUX Deliver 18% EPS Growth Despite a 1% Revenue Decline in FY27?
• Positive Sentiment: Starbucks raised its quarterly dividend to $0.63 from $0.62, a modest increase that may appeal to income-focused investors. The dividend implies a 2.3% yield at the cited share price. Starbucks insider trading report and dividend information
• Neutral Sentiment: CEO Brady Brewer sold 2,229 shares under a pre-arranged Rule 10b5-1 trading plan and retained 68,691 shares afterward. The planned sale may be less informative than an unplanned transaction. SEC insider transaction filing
• Negative Sentiment: The fiscal 2027 outlook calls for revenue to decline about 1%, making the targeted EPS growth reliant on cost savings and improved margins rather than sales growth. Execution will be important. Fiscal 2027 EPS and revenue outlook

Starbucks Trading Up 0.5%

Shares of SBUX opened at $109.95 on Wednesday. Starbucks Corporation has a twelve month low of $81.97 and a twelve month high of $111.50. The stock’s 50 day moving average is $99.25 and its two-hundred day moving average is $100.18. The firm has a market capitalization of $125.34 billion, a PE ratio of 49.75, a P/E/G ratio of 1.81 and a beta of 1.01.

Starbucks (NASDAQ:SBUX) last released its earnings results on Thursday, October 29th. The coffee company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.08. The company had revenue of $9.14 billion for the quarter, compared to analysts’ expectations of $9.22 billion. Starbucks had a negative return on equity of 38.61% and a net margin of 6.66%. The firm’s quarterly revenue was down 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.52 EPS. On average, sell-side analysts predict that Starbucks Corporation will post 3.22 EPS for the current year.

Starbucks Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Friday, November 13th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.3%. This is a boost from Starbucks’s previous quarterly dividend of $0.62. The ex-dividend date is Friday, November 13th. Starbucks’s dividend payout ratio (DPR) is presently 112.22%.

About Starbucks

Starbucks Corporation is a global coffee company that roasts, markets and sells coffee and other beverages, along with food and related merchandise. Its offerings include brewed coffee, espresso-based drinks, teas and packaged coffee products. The company serves customers through company-operated and licensed stores, as well as through retail and food-service partnerships. Its stores also sell items such as mugs and coffee-making equipment. Founded in Seattle in 1971, Starbucks operates in North America and international markets, including China.