Atlantic Union Bankshares Corp Sells 9,121 Shares of Starbucks Corporation $SBUX

Atlantic Union Bankshares Corp lowered its holdings in shares of Starbucks Corporation (NASDAQ:SBUX) by 11.2% in the 4th quarter, HoldingsChannel reports. The firm owned 72,056 shares of the coffee company’s stock after selling 9,121 shares during the period. Atlantic Union Bankshares Corp’s holdings in Starbucks were worth $6,068,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Capital Research Global Investors grew its stake in Starbucks by 11.4% in the third quarter. Capital Research Global Investors now owns 85,460,350 shares of the coffee company’s stock valued at $7,229,968,000 after acquiring an additional 8,774,198 shares during the period. Corient Private Wealth LLC lifted 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 valued at $553,201,000 after purchasing an additional 3,596,014 shares in the last quarter. Capital International Investors lifted its holdings in Starbucks by 22.5% during 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 during the period. Ameriprise Financial Inc. lifted its holdings in Starbucks by 80.6% during the third 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 period. Finally, Capital World Investors lifted its holdings in Starbucks by 1.9% during the third 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 period. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks News Summary

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Stifel reiterated a Buy rating on Starbucks and raised its price target to $117 from $115, reinforcing confidence in the company’s turnaround effort and helping support the stock. Stifel Reaffirms Bullish View on Starbucks Corporation (SBUX)
• Positive Sentiment: Reports that Starbucks is opening hundreds of new stores suggest continued expansion and long-term growth potential, which investors often view favorably. Dollar Tree and Starbucks are suddenly opening hundreds of new stores as retail doom stories pile up
• Positive Sentiment: Starbucks’ turnaround appears to be progressing, with commentary that the “comeback has started,” which may improve sentiment around the stock. Starbucks: The Comeback Has Started But The Growth Story Is Not Proven
• Neutral Sentiment: Starbucks completed a tech reorganization that eliminated 61 jobs at its Seattle headquarters, a cost-cutting move that may help efficiency but also signals ongoing restructuring. Starbucks cuts 61 tech jobs at Seattle HQ in reorg
• Neutral Sentiment: Tennessee lawmakers are considering a $30 million incentive package tied to Starbucks’ planned Nashville office, which could support expansion but is still just a proposal. Tennessee lawmakers debate $30M incentive deal with Starbucks
• Negative Sentiment: Rising coffee prices are pressuring margins across the industry, including Starbucks, and management has been cautious about passing those costs on to consumers. Coffee prices keep rising, and chains like Dutch Bros are swallowing most of the costs
• Negative Sentiment: A note saying Starbucks’ growth story is “not proven” suggests some investors still want clearer evidence that the turnaround will translate into sustained performance. Starbucks: The Comeback Has Started But The Growth Story Is Not Proven

Analyst Ratings Changes

Several analysts have issued reports on SBUX shares. TD Cowen restated a “hold” rating and issued a $106.00 target price (up from $96.00) on shares of Starbucks in a research note on Wednesday, April 29th. Tigress Financial started coverage on Starbucks in a report on Wednesday, April 15th. They issued a “buy” rating and a $122.00 price target on the stock. Jefferies Financial Group raised Starbucks from an “underperform” rating to a “hold” rating in a report on Tuesday, April 28th. JPMorgan Chase & Co. upped their price objective on Starbucks from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Finally, Citizens Jmp assumed coverage on Starbucks in a research note on Monday, March 30th. They issued an “underperform” rating and a $84.00 target price for the company. Sixteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Starbucks currently has a consensus rating of “Moderate Buy” and a consensus price target of $107.00.

Starbucks Stock Performance

SBUX stock opened at $105.95 on Thursday. Starbucks Corporation has a fifty-two week low of $77.99 and a fifty-two week high of $108.05. The business’s 50 day moving average price is $97.72 and its two-hundred day moving average price is $92.12. The company has a market capitalization of $120.75 billion, a price-to-earnings ratio of 80.27, a price-to-earnings-growth ratio of 2.15 and a beta of 1.01.

Starbucks (NASDAQ:SBUX) last posted its earnings results on Tuesday, April 28th. The coffee company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. Starbucks had a negative return on equity of 29.24% and a net margin of 3.89%.The firm had revenue of $9.53 billion for the quarter, compared to the consensus estimate of $9.17 billion. During the same quarter in the prior year, the business earned $0.41 EPS. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. Sell-side analysts forecast that Starbucks Corporation will post 2.41 earnings per share for the current year.

Starbucks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be paid a $0.62 dividend. The ex-dividend date is Friday, May 15th. This represents a $2.48 annualized dividend and a dividend yield of 2.3%. Starbucks’s dividend payout ratio is presently 187.88%.

Insider Activity at Starbucks

In other Starbucks news, CEO Brady Brewer sold 2,229 shares of the stock in a transaction 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 sale, the chief executive officer directly owned 81,559 shares in the company, valued at approximately $8,548,198.79. This trade represents a 2.66% decrease in their position. 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 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 sale, the executive vice president owned 57,653 shares in the company, valued at approximately $6,053,565. This 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. Insiders sold a total of 11,187 shares of company stock worth $1,111,085 in the last 90 days. 0.03% of the stock is currently owned by company insiders.

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.