Griffin Asset Management Inc. Raises Holdings in Starbucks Corporation $SBUX

Griffin Asset Management Inc. increased its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 5.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 119,703 shares of the coffee company’s stock after purchasing an additional 6,069 shares during the quarter. Griffin Asset Management Inc.’s holdings in Starbucks were worth $10,080,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in SBUX. Brighton Jones LLC increased its position in shares of Starbucks by 86.5% during the fourth quarter. Brighton Jones LLC now owns 176,722 shares of the coffee company’s stock worth $16,126,000 after purchasing an additional 81,952 shares in the last quarter. Schnieders Capital Management LLC. boosted its stake in Starbucks by 47.0% during the second quarter. Schnieders Capital Management LLC. now owns 3,642 shares of the coffee company’s stock worth $334,000 after buying an additional 1,164 shares during the last quarter. Flow Traders U.S. LLC acquired a new position in Starbucks during the second quarter worth $288,000. Gamco Investors INC. ET AL boosted its stake in Starbucks by 92.8% during the second quarter. Gamco Investors INC. ET AL now owns 5,225 shares of the coffee company’s stock worth $479,000 after buying an additional 2,515 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its stake in Starbucks by 7.6% during the second quarter. NewEdge Advisors LLC now owns 112,710 shares of the coffee company’s stock worth $10,328,000 after buying an additional 7,978 shares during the last quarter. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Starbucks

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Starbucks completed a cash tender offer, which helps refine its debt profile and may improve financial flexibility. Starbucks Completes Cash Tender Offer, Refines Debt Profile
• Positive Sentiment: Investors continue to focus on Starbucks’ “Back to Starbucks” turnaround efforts, including cost cuts and operational simplification, which can support longer-term margin improvement. Starbucks Restructuring Tests Back To Starbucks Turnaround And Margin Hopes
• Neutral Sentiment: Starbucks shares were described as holding steady while the market digested the company’s $400 million restructuring hit, suggesting investors are still evaluating whether the long-term savings justify the near-term charge. Starbucks Shares Hold Steady As Investors Continue To Digest $400 Million Restructuring Hit
• Negative Sentiment: New reports said Starbucks’ plastic cups marketed as recyclable often end up in trash rather than recycling facilities, adding reputational and ESG pressure. US group says Starbucks plastic cups marked recyclable end up in trash
• Negative Sentiment: Starbucks Korea’s chief was fired after the “Tank Day” promotion triggered backlash, underscoring execution and brand-safety risks for the company internationally. Starbucks Korea head fired after ‘Tank Day’ promotion sparks public uproar

Analyst Ratings Changes

A number of equities analysts have weighed in on SBUX shares. BMO Capital Markets reissued an “outperform” rating and set a $120.00 price objective on shares of Starbucks in a research note on Friday, January 30th. DA Davidson increased their target price on Starbucks from $97.00 to $102.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Dbs Bank upgraded Starbucks from a “strong sell” rating to a “moderate sell” rating in a report on Friday, March 20th. The Goldman Sachs Group downgraded Starbucks from a “neutral” rating to a “neutral” rating in a report on Thursday, May 14th. Finally, Stifel Nicolaus set a $117.00 price target on Starbucks and gave the stock a “buy” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $107.48.

Starbucks Stock Performance

SBUX opened at $106.50 on Thursday. Starbucks Corporation has a one year low of $77.99 and a one year high of $108.88. The company has a market cap of $121.38 billion, a P/E ratio of 80.68, a PEG ratio of 2.14 and a beta of 1.01. The business’s 50-day simple moving average is $98.55 and its 200-day simple moving average is $92.87.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Tuesday, April 28th. The coffee company reported $0.50 EPS for the quarter, beating 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 business 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 posted $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. As a group, analysts predict that Starbucks Corporation will post 2.42 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

The company 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 dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, May 15th. Starbucks’s dividend payout ratio (DPR) is currently 187.88%.

Insider Buying and Selling

In related news, EVP Sara Kelly sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $97.12, for a total transaction of $242,800.00. Following the transaction, the executive vice president owned 59,609 shares in the company, valued at $5,789,226.08. This trade represents a 4.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Brady Brewer sold 2,229 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $104.81, for a total value of $233,621.49. Following the transaction, the chief executive officer owned 81,559 shares in the company, valued at $8,548,198.79. This represents a 2.66% decrease in their position. 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 have 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.