First Manhattan CO. LLC. Has $30.85 Million Stake in Starbucks Corporation $SBUX

First Manhattan CO. LLC. raised its stake in Starbucks Corporation (NASDAQ:SBUX) by 2.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 366,379 shares of the coffee company’s stock after buying an additional 9,142 shares during the period. First Manhattan CO. LLC.’s holdings in Starbucks were worth $30,853,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Starbucks in the fourth quarter worth about $1,232,650,000. Capital Research Global Investors increased its holdings in shares of Starbucks by 11.4% in the third 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 in the last quarter. Capital World Investors increased its holdings in shares of Starbucks by 9.0% in the fourth quarter. Capital World Investors now owns 84,727,405 shares of the coffee company’s stock worth $7,135,228,000 after acquiring an additional 7,007,268 shares in the last quarter. Corient Private Wealth LLC increased its holdings in shares of Starbucks by 146.6% in the second 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 in the last quarter. Finally, Capital International Investors increased its holdings in shares of Starbucks by 22.5% in the third 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 in the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Key Starbucks News

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Recent coverage continues to highlight Starbucks’ turnaround strategy, including better store service, faster operations, and improving traffic trends, which supports the long-term recovery story. TipRanks article on Starbucks stock slipping
• Positive Sentiment: Starbucks is also being discussed as a potential beneficiary of its broader strategic reset, including plans for smaller-format stores and a possible restructuring of international assets, which could help efficiency and unlock value over time. Yahoo Finance article on Japan review and China stake sale
• Positive Sentiment: Analysts and other market commentary still point to Starbucks as a strong income and turnaround name, with some firms maintaining favorable ratings and higher price targets after the latest earnings beat. MarketBeat Starbucks page
• Neutral Sentiment: CEO Brady Brewer sold a small number of shares under a pre-arranged trading plan. The sale was routine and does not appear to signal a major change in leadership’s outlook.
• Neutral Sentiment: Articles comparing Starbucks with rivals such as McDonald’s and Dutch Bros reflect ongoing competitive pressure, but they do not point to a new fundamental development on their own. 24/7 Wall St comparison article
• Negative Sentiment: Starbucks Korea is facing backlash tied to a marketing controversy, including store closures for mandatory staff training, boycotts, and reputational damage. This is the clearest near-term negative headline weighing on sentiment. Yahoo Finance article on Starbucks Korea controversy
• Negative Sentiment: News that Starbucks is underperforming peers and lagging the broader market suggests investors are becoming more cautious, especially after a strong run earlier in the year. MarketWatch underperforms competitors article
• Negative Sentiment: Several articles note the stock is dipping more than the broader market, reinforcing that traders are taking profits and reacting to short-term uncertainty rather than the company’s recent earnings strength. Yahoo Finance article on Starbucks dip

Insider Transactions at Starbucks

In related news, CEO Brady Brewer sold 2,229 shares of the 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 completion of the transaction, the chief executive officer directly owned 81,559 shares of the company’s stock, valued at approximately $8,548,198.79. This represents a 2.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sara Kelly sold 2,000 shares of the stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $105.00, for a total value of $210,000.00. Following the transaction, the executive vice president directly owned 57,653 shares of the company’s stock, valued at $6,053,565. This trade represents a 3.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 8,687 shares of company stock valued at $863,707. 0.03% of the stock is owned by corporate insiders.

Starbucks Stock Performance

NASDAQ:SBUX opened at $99.82 on Thursday. The company has a market cap of $113.76 billion, a PE ratio of 75.62, a PEG ratio of 2.00 and a beta of 0.98. Starbucks Corporation has a 52-week low of $77.99 and a 52-week high of $108.88. The stock has a 50-day simple moving average of $100.82 and a 200 day simple moving average of $95.03.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Tuesday, April 28th. The coffee company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. The business 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%.Starbucks’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period last year, the company earned $0.41 earnings per share. 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 fiscal year.

Starbucks Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were issued a dividend of $0.62 per share. The ex-dividend date was Friday, May 15th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.5%. Starbucks’s dividend payout ratio (DPR) is presently 187.88%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SBUX shares. BTIG Research downgraded Starbucks from a “buy” rating to a “neutral” rating in a report on Thursday, May 14th. Wolfe Research started coverage on Starbucks in a report on Monday, March 9th. They issued a “peer perform” rating for the company. Sanford C. Bernstein restated an “outperform” rating on shares of Starbucks in a report on Wednesday, March 4th. Stifel Nicolaus set a $117.00 price target on Starbucks and gave the stock a “buy” rating in a report on Wednesday, May 6th. Finally, Tigress Financial initiated coverage on Starbucks in a report on Wednesday, April 15th. They issued a “buy” rating and a $122.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Starbucks has an average rating of “Moderate Buy” and a consensus price target of $107.93.

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.