4,915 Shares in Starbucks Corporation $SBUX Bought by Aspen Investment Management Inc

Aspen Investment Management Inc bought a new position in Starbucks Corporation (NASDAQ:SBUX) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,915 shares of the coffee company’s stock, valued at approximately $414,000.

A number of other hedge funds have also modified their holdings of SBUX. Capital Research Global Investors grew its holdings in shares of Starbucks by 11.4% in the 3rd quarter. Capital Research Global Investors now owns 85,460,350 shares of the coffee company’s stock worth $7,229,968,000 after acquiring an additional 8,774,198 shares during the last quarter. Corient Private Wealth LLC grew its holdings in shares of Starbucks by 146.6% in the 2nd quarter. Corient Private Wealth LLC now owns 6,049,192 shares of the coffee company’s stock worth $553,201,000 after acquiring an additional 3,596,014 shares during the last quarter. Capital International Investors grew its holdings in shares of Starbucks by 22.5% in the 3rd quarter. Capital International Investors now owns 14,691,772 shares of the coffee company’s stock worth $1,243,104,000 after acquiring an additional 2,699,479 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Starbucks by 80.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 5,105,164 shares of the coffee company’s stock worth $433,923,000 after acquiring an additional 2,277,792 shares during the last quarter. Finally, Capital World Investors grew its holdings in shares of Starbucks by 1.9% in the 3rd quarter. Capital World Investors now owns 77,720,137 shares of the coffee company’s stock worth $6,575,430,000 after acquiring an additional 1,462,874 shares during the last quarter. 72.29% of the stock is currently owned by institutional investors and hedge funds.

More Starbucks News

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Starbucks completed a cash tender offer, which helps refine its debt profile and may improve financial flexibility. Starbucks Completes Cash Tender Offer, Refines Debt Profile
• Positive Sentiment: Investors continue to focus on Starbucks’ “Back to Starbucks” turnaround efforts, including cost cuts and operational simplification, which can support longer-term margin improvement. Starbucks Restructuring Tests Back To Starbucks Turnaround And Margin Hopes
• Neutral Sentiment: Starbucks shares were described as holding steady while the market digested the company’s $400 million restructuring hit, suggesting investors are still evaluating whether the long-term savings justify the near-term charge. Starbucks Shares Hold Steady As Investors Continue To Digest $400 Million Restructuring Hit
• Negative Sentiment: New reports said Starbucks’ plastic cups marketed as recyclable often end up in trash rather than recycling facilities, adding reputational and ESG pressure. US group says Starbucks plastic cups marked recyclable end up in trash
• Negative Sentiment: Starbucks Korea’s chief was fired after the “Tank Day” promotion triggered backlash, underscoring execution and brand-safety risks for the company internationally. Starbucks Korea head fired after ‘Tank Day’ promotion sparks public uproar

Insider Activity

In related news, EVP Sara Kelly sold 2,000 shares of the business’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 of the company’s stock, valued at approximately $6,053,565. The trade was a 3.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Brady Brewer sold 2,229 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $104.81, for a total value of $233,621.49. Following the sale, the chief executive officer owned 81,559 shares of the company’s stock, valued at approximately $8,548,198.79. The trade was a 2.66% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 11,187 shares of company stock valued at $1,111,085. 0.03% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SBUX. UBS Group cut Starbucks from a “neutral” rating to a “neutral” rating in a report on Thursday, May 14th. Mizuho upped their price target on Starbucks from $86.00 to $95.00 and gave the company a “neutral” rating in a research report on Monday, January 26th. Wolfe Research began coverage on Starbucks in a research report on Monday, March 9th. They set a “peer perform” rating on the stock. Royal Bank Of Canada lowered Starbucks from a “sector perform” rating to a “positive” rating in a research report on Thursday, May 14th. Finally, Evercore upped their price target on Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $107.48.

Starbucks Stock Performance

SBUX opened at $106.50 on Thursday. The company has a market cap of $121.38 billion, a PE ratio of 80.68, a price-to-earnings-growth ratio of 2.14 and a beta of 1.01. The stock has a 50-day moving average of $98.55 and a 200-day moving average of $92.87. Starbucks Corporation has a 52-week low of $77.99 and a 52-week high of $108.88.

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

Starbucks Dividend Announcement

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 paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, May 15th. Starbucks’s dividend payout ratio is 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.