Starbucks Corporation $SBUX Shares Purchased by US Bancorp DE

US Bancorp DE increased its holdings in shares of Starbucks Corporation (NASDAQ:SBUXFree Report) by 6.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 894,155 shares of the coffee company’s stock after acquiring an additional 51,773 shares during the period. US Bancorp DE’s holdings in Starbucks were worth $75,298,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Nordea Investment Management AB raised its holdings in shares of Starbucks by 3.2% during the third quarter. Nordea Investment Management AB now owns 433,112 shares of the coffee company’s stock valued at $36,576,000 after buying an additional 13,262 shares during the last quarter. Providence Capital Advisors LLC bought a new stake in Starbucks during the third quarter worth approximately $6,099,000. Asset Management One Co. Ltd. raised its holdings in Starbucks by 3.1% during the third quarter. Asset Management One Co. Ltd. now owns 548,768 shares of the coffee company’s stock worth $46,426,000 after purchasing an additional 16,428 shares in the last quarter. Allstate Corp bought a new stake in Starbucks during the third quarter worth approximately $3,491,000. Finally, Vanguard Group Inc. raised its holdings in Starbucks by 0.5% during the third quarter. Vanguard Group Inc. now owns 113,438,902 shares of the coffee company’s stock worth $9,596,931,000 after purchasing an additional 577,279 shares in the last quarter. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Starbucks

In other Starbucks news, CEO Brady Brewer sold 588 shares of the business’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $100.00, for a total transaction of $58,800.00. Following the sale, the chief executive officer directly owned 83,788 shares of the company’s stock, valued at $8,378,800. The trade was a 0.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 business’s stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $105.00, for a total transaction of $210,000.00. Following the sale, the executive vice president directly owned 57,653 shares in the company, valued at approximately $6,053,565. This trade represents a 3.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 8,958 shares of company stock worth $877,464. Company insiders own 0.03% of the company’s stock.

Starbucks Stock Down 0.2%

Shares of NASDAQ:SBUX opened at $105.33 on Friday. The company’s fifty day moving average is $96.53 and its two-hundred day moving average is $90.95. Starbucks Corporation has a 12-month low of $77.99 and a 12-month high of $107.27. The company has a market cap of $120.00 billion, a P/E ratio of 79.80, a price-to-earnings-growth ratio of 2.23 and a beta of 0.95.

Starbucks (NASDAQ:SBUXGet Free Report) last announced its earnings results on Tuesday, April 28th. The coffee company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.06. Starbucks had a net margin of 3.89% and a negative return on equity of 29.24%. The company had revenue of $9.53 billion for the quarter, compared to the consensus estimate of $9.17 billion. During the same period in the previous year, the business earned $0.41 EPS. The company’s revenue was up 8.8% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. Equities research analysts anticipate that Starbucks Corporation will post 2.33 earnings per share for the current year.

Starbucks Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. New Street Research set a $90.00 price target on Starbucks in a report on Tuesday, January 27th. Jefferies Financial Group raised Starbucks from an “underperform” rating to a “hold” rating in a report on Tuesday. TD Cowen reiterated a “hold” rating and issued a $106.00 price target (up from $96.00) on shares of Starbucks in a research report on Wednesday. UBS Group reiterated a “neutral” rating and issued a $105.00 price target (up from $100.00) on shares of Starbucks in a research report on Wednesday. Finally, Guggenheim reiterated a “neutral” rating and issued a $97.00 price target (up from $95.00) on shares of Starbucks in a research report on Wednesday. Sixteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Starbucks has an average rating of “Moderate Buy” and an average target price of $106.93.

Read Our Latest Analysis on Starbucks

Starbucks News Roundup

Here are the key news stories impacting Starbucks this week:

Starbucks Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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