Starbucks Corporation $SBUX Stock: Glenview Trust Co Decreases Stake

Glenview Trust Co lowered its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 11.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 55,038 shares of the coffee company’s stock after selling 7,051 shares during the quarter. Glenview Trust Co’s holdings in Starbucks were worth $5,171,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of SBUX. BlackRock Inc. purchased a new stake in shares of Starbucks in the 2nd quarter worth about $8,504,509,000. State Street Corp increased its stake in shares of Starbucks by 3.2% in the 2nd quarter. State Street Corp now owns 49,260,268 shares of the coffee company’s stock worth $5,033,907,000 after acquiring an additional 1,530,497 shares in the last quarter. Bank of America Corp DE bought a new position in shares of Starbucks in the 2nd quarter worth about $1,581,287,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Starbucks by 26.2% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,506,482 shares of the coffee company’s stock valued at $869,277,000 after acquiring an additional 1,767,530 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in Starbucks during the 2nd quarter valued at about $779,790,000. Institutional investors own 72.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on SBUX. CICC Research boosted their price objective on shares of Starbucks from $95.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Weiss Ratings raised shares of Starbucks from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, October 16th. Evercore reiterated an “outperform” rating on shares of Starbucks in a report on Friday. BMO Capital Markets reissued an “outperform” rating on shares of Starbucks in a research report on Friday. Finally, Piper Sandler upped their price target on Starbucks from $110.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Twenty-three analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $110.53.

Insider Activity at Starbucks

In other news, CEO Brady Brewer sold 588 shares of the stock in a transaction that occurred on Tuesday, October 20th. The shares were sold at an average price of $100.00, for a total transaction of $58,800.00. Following the sale, the chief executive officer owned 70,920 shares in the company, valued at $7,092,000. This represents a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 6,687 shares of company stock worth $685,935 in the last 90 days. Corporate insiders own 0.03% of the company’s stock.

Starbucks Price Performance

Shares of Starbucks stock opened at $103.67 on Friday. The stock has a market cap of $118.18 billion, a price-to-earnings ratio of 46.91, a PEG ratio of 1.57 and a beta of 0.98. The firm’s 50-day moving average is $99.26 and its 200 day moving average is $99.70. Starbucks Corporation has a 1 year low of $77.99 and a 1 year high of $110.51.

Starbucks (NASDAQ:SBUX) last announced 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 company had revenue of $9.14 billion for the quarter, compared to the consensus estimate of $9.22 billion. Starbucks had a net margin of 6.66% and a negative return on equity of 38.01%. Starbucks’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.52 EPS. On average, equities analysts expect that Starbucks Corporation will post 3.21 EPS for the current fiscal year.

Starbucks Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Friday, November 13th will be paid a $0.63 dividend. This is a boost from Starbucks’s previous quarterly dividend of $0.62. This represents a $2.52 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Friday, November 13th. Starbucks’s payout ratio is currently 112.22%.

Key Headlines Impacting Starbucks

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Starbucks reported fiscal fourth-quarter adjusted EPS of $0.80, above the approximately $0.72 consensus. Adjusted operating margin expanded by roughly 450 basis points to 14% as sales leverage, cost savings and lower labor-related expenses supported profitability. Starbucks posts slight revenue miss and earnings beat
• Positive Sentiment: U.S. comparable sales increased 7.7%, ahead of management’s target, helped by higher average tickets, product mix, food attachments and improving customer traffic. Management said the turnaround is transitioning into a growth plan. Starbucks strong comps driven by ticket growth
• Positive Sentiment: Analysts remain constructive, with BTIG reaffirming a Buy rating and a $115 target, while Bank of America raised its target to $141. Starbucks also plans to test AI-powered drive-through tools, renovate more than 2,000 North American stores and add about 1,200 locations globally. Analyst raises Starbucks price target
• Neutral Sentiment: Management said Starbucks could eventually become a multibrand company and sees room for substantial international and North American expansion, but acquisitions are not currently the focus. Execution on store improvements and service remains the near-term priority. Starbucks CEO discusses future acquisitions
• Negative Sentiment: Revenue fell about 4.5% to $9.14 billion, missing estimates near $9.22 billion. The decline largely reflects Starbucks’ shift of nearly 8,000 China stores to a licensed joint venture, but international comparable sales and transactions remained weak. Starbucks international business disappoints
• Negative Sentiment: Fiscal 2027 guidance calls for roughly 4% North American comparable-sales growth, below fiscal 2026’s 6.6%, while revenue is expected to decline about 1%. Fourth-quarter ticket growth outpaced transaction growth, raising concerns that future gains may rely more on pricing and larger orders than on customer visits. Starbucks margins jump as store visits slow

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.