Pictet Asset Management Holding SA Has $42.52 Million Position in Starbucks Corporation $SBUX

Pictet Asset Management Holding SA trimmed its stake in shares of Starbucks Corporation (NASDAQ:SBUX) by 57.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 504,870 shares of the coffee company’s stock after selling 691,967 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Starbucks were worth $42,515,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Collier Financial bought a new position in Starbucks in the 3rd quarter valued at about $25,000. Y.D. More Investments Ltd bought a new stake in shares of Starbucks during the 3rd quarter worth approximately $26,000. JPL Wealth Management LLC bought a new stake in shares of Starbucks during the 3rd quarter worth approximately $27,000. Kelleher Financial Advisors acquired a new stake in shares of Starbucks during the 3rd quarter worth approximately $27,000. Finally, Saranac Partners Ltd bought a new position in Starbucks in the third quarter valued at approximately $29,000. Institutional investors own 72.29% of the company’s stock.

Starbucks Trading Up 8.4%

Shares of SBUX stock opened at $105.50 on Thursday. The firm has a market capitalization of $120.20 billion, a price-to-earnings ratio of 87.19, a PEG ratio of 2.08 and a beta of 0.95. The business’s 50-day moving average price is $96.34 and its 200-day moving average price is $90.85. Starbucks Corporation has a 12 month low of $75.50 and a 12 month high of $107.27.

Starbucks (NASDAQ:SBUX) last posted 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. The firm had revenue of $9.53 billion for the quarter, compared to analyst estimates of $9.09 billion. Starbucks had a net margin of 3.63% and a negative return on equity of 28.66%. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.41 EPS. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. On average, sell-side analysts predict that Starbucks Corporation will post 2.31 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Investors 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 2.4%. The ex-dividend date of this dividend is Friday, May 15th. Starbucks’s payout ratio is currently 187.88%.

Insider Buying and Selling

In related news, EVP Sara Kelly sold 2,500 shares of the business’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $97.12, for a total value of $242,800.00. Following the transaction, the executive vice president owned 59,609 shares in the company, valued at $5,789,226.08. The trade was a 4.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brady Brewer sold 1,641 shares of Starbucks stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $97.12, for a total value of $159,373.92. Following the completion of the transaction, the chief executive officer directly owned 86,605 shares of the company’s stock, valued at approximately $8,411,077.60. This trade represents a 1.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 6,958 shares of company stock worth $667,464. 0.03% of the stock is owned by insiders.

Trending Headlines about Starbucks

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Q2 beat and outlook lift — Starbucks reported $0.50 EPS (vs. ~$0.44 consensus), $9.53B revenue, and raised FY26 EPS guidance to $2.25–2.45, giving the market a classic “beat?and?raise” catalyst. Starbucks Reports Q2 Fiscal Year 2026 Results
• Positive Sentiment: Traffic and comps recovery — global comps rose ~6% (U.S. comps ~7%), evidence the turnaround is driving return visits and mix improvement that can drive future margin leverage as revenue scales. Starbucks tops quarterly sales estimates as CEO’s turnaround gains momentum
• Positive Sentiment: Investments in labor and stores appear to be working — management says roughly $500M of investments in staffing, scheduling and benefits helped speed service and win customers back. That supports sustainable top?line improvement if service gains persist. Starbucks is winning customers back after investing $500 million in workers and stores
• Positive Sentiment: Wall Street is revising forecasts upward — multiple firms raised price targets and issued buy/overweight notes after the quarter, which amplifies buy-side momentum. Starbucks To Rally More Than 18%? Here Are 10 Top Analyst Forecasts For Wednesday
• Neutral Sentiment: Corporate hub spending and relocation questions — Starbucks plans a $100M Nashville hub; it’s a strategic move but adds near?term corporate spend and raises relocation/ execution noise. Starbucks CEO on new $100 million Nashville hub
• Neutral Sentiment: Competitive landscape — fast?food rivals (e.g., McDonald’s) are pushing more drinks/options; it’s a watch item for market share and pricing power but not an immediate earnings shock. McDonald’s takes aim at Starbucks with new drinks menu
• Negative Sentiment: Margins under pressure — Reuters and company commentary note that rising labor, gas and utility costs from the turnaround investments have compressed North American store margins; profit recovery may lag revenue growth. Starbucks customers are coming back. Profits haven’t caught up yet.
• Negative Sentiment: Some sell?side caution remains — BNP Paribas/other firms still express conservative views (one maintained an underperform stance with a lower price target), highlighting differing views on how quickly margins recover. Benzinga

Wall Street Analysts Forecast Growth

SBUX has been the topic of a number of research analyst reports. DA Davidson raised their target price on Starbucks from $97.00 to $102.00 and gave the company a “neutral” rating in a report on Wednesday. Sanford C. Bernstein restated an “outperform” rating on shares of Starbucks in a research report on Wednesday, March 4th. Tigress Financial began coverage on Starbucks in a research note on Wednesday, April 15th. They issued a “buy” rating and a $122.00 price objective on the stock. Jefferies Financial Group upgraded Starbucks from an “underperform” rating to a “hold” rating in a research report on Tuesday. Finally, Mizuho boosted their target price on Starbucks from $86.00 to $95.00 and gave the stock a “neutral” rating in a research note on Monday, January 26th. Sixteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Starbucks presently has a consensus rating of “Moderate Buy” and a consensus target price of $106.93.

Starbucks Company 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.