Parkside Investments LLC Purchases Shares of 10,000 Starbucks Corporation $SBUX

Parkside Investments LLC purchased a new stake in Starbucks Corporation (NASDAQ:SBUX) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 10,000 shares of the coffee company’s stock, valued at approximately $842,000.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on SBUX shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Starbucks in a research report on Wednesday, April 22nd. DA Davidson raised their target price on Starbucks from $97.00 to $102.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Robert W. Baird raised their target price on Starbucks from $112.00 to $117.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. TD Cowen raised Starbucks from a “hold” rating to a “buy” rating and raised their target price for the stock from $106.00 to $120.00 in a research report on Thursday, May 14th. Finally, Barclays set a $116.00 target price on Starbucks and gave the stock an “overweight” rating in a research report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $107.48.

Insider Activity at Starbucks

In other Starbucks news, CEO Brady Brewer sold 2,229 shares of Starbucks stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $104.81, for a total transaction of $233,621.49. Following the transaction, the chief executive officer owned 81,559 shares of the company’s stock, valued at $8,548,198.79. The trade was a 2.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sara Kelly sold 2,500 shares of Starbucks stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $97.12, for a total value of $242,800.00. Following the transaction, the executive vice president directly owned 59,609 shares in the company, valued at approximately $5,789,226.08. This trade represents a 4.03% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 11,187 shares of company stock worth $1,111,085. 0.03% of the stock is currently owned by corporate insiders.

Starbucks Stock Performance

Shares of NASDAQ SBUX opened at $103.11 on Tuesday. Starbucks Corporation has a fifty-two week low of $77.99 and a fifty-two week high of $108.88. The firm has a market capitalization of $117.51 billion, a PE ratio of 78.11, a price-to-earnings-growth ratio of 2.08 and a beta of 1.01. The stock’s 50-day simple moving average is $98.71 and its 200-day simple moving average is $93.35.

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

Starbucks Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $2.48 annualized dividend and a yield of 2.4%. Starbucks’s payout ratio is 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.