Starbucks Corporation $SBUX Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its stake in Starbucks Corporation (NASDAQ:SBUX) by 4.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,414,980 shares of the coffee company’s stock after selling 113,876 shares during the quarter. Principal Financial Group Inc.’s holdings in Starbucks were worth $216,358,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SBUX. Rachor Investment Advisory Services LLC acquired a new position in Starbucks during the fourth quarter worth about $25,000. Cornerstone Financial Management LLC acquired a new stake in shares of Starbucks during the 4th quarter valued at approximately $25,000. Phillip James Consulting Co. acquired a new stake in shares of Starbucks during the 4th quarter valued at approximately $25,000. Entrust Financial LLC purchased a new stake in shares of Starbucks during the 4th quarter worth approximately $26,000. Finally, Tucker Asset Management LLC purchased a new stake in shares of Starbucks during the 4th quarter worth approximately $27,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Insiders Place Their Bets

In other Starbucks news, CEO Brady Brewer sold 2,229 shares of the company’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $104.00, for a total value of $231,816.00. Following the transaction, the chief executive officer directly owned 77,364 shares in the company, valued at approximately $8,045,856. This represents a 2.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sara Kelly sold 2,000 shares of Starbucks 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 sale, the executive vice president owned 57,653 shares of the company’s stock, valued at approximately $6,053,565. This trade represents a 3.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 9,275 shares of company stock worth $947,833. Corporate insiders own 0.03% of the company’s stock.

Trending Headlines about Starbucks

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Analysts highlighted Starbucks’ 39% year-over-year growth in Channel Development revenue in Q2, suggesting the company is finding a new growth lever beyond company-operated stores through packaged coffee and ready-to-drink products. Can Starbucks’ 39% Channel Development Growth Add a New Revenue Lever?
• Positive Sentiment: Commentary around Starbucks’ turnaround and AI-driven cost savings points to management efforts to cut software expenses and improve efficiency, which could support margins over time. Starbucks Is Serving Up Your Coffee with a Side of AI. What That Means for SBUX Stock.
• Positive Sentiment: Jim Cramer’s remarks centered on Starbucks’ ongoing turnaround, keeping attention on the company’s recovery narrative and potential for improved investor sentiment. Jim Cramer Shares Why Starbucks Corporation (SBUX) Went “Nuts”

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. The Goldman Sachs Group downgraded Starbucks from a “neutral” rating to a “neutral” rating in a research note on Thursday, May 14th. Morgan Stanley raised Starbucks from an “overweight” rating to an “overweight” rating in a report on Thursday, May 14th. Stephens initiated coverage on Starbucks in a research report on Thursday, May 14th. They issued an “overweight” rating for the company. Stifel Nicolaus set a $117.00 price target on Starbucks and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Finally, Citizens Jmp assumed coverage on shares of Starbucks in a research report on Monday, March 30th. They issued an “underperform” rating and a $84.00 price objective on the stock. Nineteen research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $109.19.

Starbucks Price Performance

Shares of Starbucks stock opened at $106.17 on Wednesday. Starbucks Corporation has a 1 year low of $77.99 and a 1 year high of $108.88. The business has a 50 day moving average price of $102.49 and a 200 day moving average price of $97.47. The company has a market capitalization of $121.00 billion, a P/E ratio of 80.43, a P/E/G ratio of 2.14 and a beta of 0.98.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Tuesday, April 28th. The coffee company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. The firm had revenue of $9.53 billion for the quarter, compared to analysts’ expectations 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 quarter in the prior year, the firm earned $0.41 EPS. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. As a group, research analysts expect that Starbucks Corporation will post 2.4 EPS for the current fiscal year.

Starbucks Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, August 14th. Starbucks’s dividend payout ratio is currently 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.