Monte Financial Group LLC Sells 17,424 Shares of Starbucks Corporation $SBUX

Monte Financial Group LLC lowered its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 33.0% during the third quarter, Holdings Channel reports. The fund owned 35,396 shares of the coffee company’s stock after selling 17,424 shares during the quarter. Monte Financial Group LLC’s holdings in Starbucks were worth $3,326,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sunbelt Securities Inc. raised its holdings in Starbucks by 1.0% in the 1st quarter. Sunbelt Securities Inc. now owns 9,473 shares of the coffee company’s stock valued at $849,000 after acquiring an additional 97 shares during the last quarter. Cypress Capital Management LLC WY boosted its holdings in shares of Starbucks by 30.9% during the second quarter. Cypress Capital Management LLC WY now owns 424 shares of the coffee company’s stock worth $43,000 after purchasing an additional 100 shares during the last quarter. Webster Bank N. A. boosted its holdings in shares of Starbucks by 7.8% during the second quarter. Webster Bank N. A. now owns 1,396 shares of the coffee company’s stock worth $143,000 after purchasing an additional 101 shares during the last quarter. Nilsine Partners LLC boosted its holdings in shares of Starbucks by 1.0% during the second quarter. Nilsine Partners LLC now owns 10,039 shares of the coffee company’s stock worth $1,026,000 after purchasing an additional 101 shares during the last quarter. Finally, Beta Wealth Group Inc. boosted its holdings in shares of Starbucks by 1.7% during the second quarter. Beta Wealth Group Inc. now owns 6,216 shares of the coffee company’s stock worth $635,000 after purchasing an additional 102 shares during the last quarter. 72.29% of the stock is owned by hedge funds and other institutional investors.

Starbucks Stock Down 3.2%

NASDAQ:SBUX opened at $106.16 on Friday. The company has a market cap of $121.02 billion, a P/E ratio of 48.04, a P/E/G ratio of 1.81 and a beta of 1.01. Starbucks Corporation has a fifty-two week low of $81.76 and a fifty-two week high of $111.50. The firm’s 50 day moving average is $99.18 and its two-hundred day moving average is $99.99.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Thursday, October 29th. The coffee company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.08. Starbucks had a net margin of 6.66% and a negative return on equity of 38.61%. The company had revenue of $9.14 billion for the quarter, compared to analyst estimates of $9.22 billion. During the same quarter last year, the business earned $0.52 EPS. Starbucks’s revenue for the quarter was down 4.5% on a year-over-year basis. Research analysts forecast that Starbucks Corporation will post 3.22 earnings per share for the current fiscal year.

Starbucks Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Friday, November 13th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 2.4%. This is a boost from Starbucks’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Friday, November 13th. Starbucks’s dividend payout ratio (DPR) is presently 114.03%.

Insider Transactions at Starbucks

In other Starbucks news, CEO Brady Brewer sold 588 shares of the company’s stock in a transaction dated Tuesday, October 20th. The stock was sold at an average price of $100.00, for a total transaction of $58,800.00. Following the completion of the sale, the chief executive officer directly owned 70,920 shares in the company, valued at $7,092,000. This represents a 0.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 4,458 shares of company stock worth $449,684 over the last ninety days. 0.03% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on SBUX. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $115.00 price objective (up from $110.00) on shares of Starbucks in a research report on Thursday, July 30th. Needham & Company LLC set a $120.00 target price on Starbucks in a research report on Tuesday, August 18th. Compass Point began coverage on Starbucks in a research note on Monday, August 3rd. They issued a “buy” rating on the stock. Weiss Ratings lowered Starbucks from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday. Finally, Citigroup lifted their price target on Starbucks from $104.00 to $107.00 and gave the company a “neutral” rating in a report on Monday. Twenty-one research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $108.74.

Trending Headlines about Starbucks

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Deutsche Bank expressed confidence in Starbucks’ growth prospects, offering support for the company’s recovery narrative. Starbucks Shows Confidence in Growth Prospects, Deutsche Bank Says
• Positive Sentiment: The latest quarter showed adjusted momentum: EPS rose to $0.80 from $0.52 a year earlier and beat estimates. An article characterizes the results as evidence the sales slowdown may be easing, though revenue was weaker. Starbucks Served Up a 54% Earnings Jump
• Positive Sentiment: Stephens analysts’ renewed attention to SBUX adds to the recent positive analyst focus, although the report listing provides no details on the action. Starbucks Stock Picked Up by Analysts at Stephens
• Neutral Sentiment: Starbucks is promoting its holiday menu and seasonal campaign, which could help attract customers, but the coverage does not indicate its likely sales impact. Starbucks is ready for the holidays with its new seasonal menu
• Negative Sentiment: Management’s fiscal 2027 guidance calls for about a 1% consolidated revenue decline, largely reflecting the China licensing transition and a calendar effect. The shift changes how China revenue is recorded, even as the company pursues cost savings and margin improvements. Is China Licensing Shift Altering The Investment Case For Starbucks?

Starbucks Profile

Starbucks Corporation is a global specialty coffee company headquartered in Seattle, Washington. Founded in 1971, the company operates and licenses coffeehouses under the Starbucks brand, serving brewed coffee, espresso beverages, teas, cold drinks, food, and other ready-to-consume products.

In addition to its company-operated and licensed stores, Starbucks sells packaged coffee, tea, and single-serve products through grocery retailers, convenience stores, and other distribution channels.