Kestra Advisory Services LLC lessened its stake in Starbucks Corporation (NASDAQ:SBUX – Free Report) by 4.3% in the third quarter, HoldingsChannel reports. The fund owned 208,939 shares of the coffee company’s stock after selling 9,476 shares during the period. Kestra Advisory Services LLC’s holdings in Starbucks were worth $19,632,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Sunbelt Securities Inc. increased its stake in Starbucks by 1.0% in the 1st quarter. Sunbelt Securities Inc. now owns 9,473 shares of the coffee company’s stock worth $849,000 after purchasing an additional 97 shares during the period. Cypress Capital Management LLC WY boosted its stake 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 valued at $43,000 after purchasing an additional 100 shares during the period. Webster Bank N. A. boosted its stake 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 valued at $143,000 after purchasing an additional 101 shares during the period. Nilsine Partners LLC grew its holdings in shares of Starbucks by 1.0% in 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. grew its holdings in shares of Starbucks by 1.7% in 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 currently owned by hedge funds and other institutional investors.
More Starbucks News
Here are the key news stories impacting Starbucks this week:
- Positive Sentiment: U.S. comparable sales rose 7.7% in fiscal Q4, driven by stronger customer traffic and average tickets—evidence of improving business momentum. Starbucks’ U.S. Comps Jump 7.7%: Can Traffic Momentum Last?
- Neutral Sentiment: UBS raised its price target from $105 to $110, implying 4.4% upside from the cited price, but maintained a “neutral” rating—suggesting measured rather than strong conviction. UBS Group stock recommendations
- Negative Sentiment: Investors may question the durability of the sales rebound: transaction growth is slowing, and store closures contributed to the comparison, potentially making the reported improvement harder to sustain. Starbucks’ U.S. Comps Jump 7.7%: Can Traffic Momentum Last?
Starbucks Stock Down 0.7%
Shares of SBUX stock opened at $105.41 on Friday. The stock has a fifty day moving average of $99.15 and a 200 day moving average of $100.05. Starbucks Corporation has a 52 week low of $81.76 and a 52 week high of $111.50. The firm has a market capitalization of $120.17 billion, a price-to-earnings ratio of 47.70, a PEG ratio of 1.74 and a beta of 1.01.
Starbucks (NASDAQ:SBUX – Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The coffee company reported $0.80 earnings per share (EPS) 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 business had revenue of $9.14 billion for the quarter, compared to the consensus estimate of $9.22 billion. During the same period in the previous year, the firm earned $0.52 EPS. The company’s quarterly revenue was down 4.5% compared to the same quarter last year. Equities research analysts anticipate that Starbucks Corporation will post 3.22 earnings per share for the current year.
Starbucks Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Friday, November 13th will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, November 13th. This is a positive change from Starbucks’s previous quarterly dividend of $0.62. Starbucks’s payout ratio is presently 112.22%.
Analysts Set New Price Targets
A number of equities research analysts recently commented on SBUX shares. Compass Point started coverage on shares of Starbucks in a report on Monday, August 3rd. They set a “buy” rating for the company. Argus raised their price target on shares of Starbucks from $112.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Gordon Haskett raised their price target on shares of Starbucks from $110.00 to $118.00 and gave the stock a “hold” rating in a report on Thursday, July 30th. BNP Paribas Exane boosted their price objective on shares of Starbucks from $87.00 to $92.00 and gave the company an “underperform” rating in a research report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $126.00 price objective (up from $120.00) on shares of Starbucks in a research note on Thursday, July 30th. Twenty-one research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Starbucks presently has a consensus rating of “Hold” and an average target price of $108.89.
Read Our Latest Report on Starbucks
Insider Activity
In related news, CEO Brady Brewer sold 2,229 shares of the business’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $105.60, for a total transaction of $235,382.40. Following the transaction, the chief executive officer owned 73,149 shares in the company, valued at $7,724,534.40. The trade was a 2.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 4,458 shares of company stock worth $449,684 in the last 90 days. 0.03% of the stock is owned by insiders.
Starbucks Profile
Starbucks Corporation is a global coffee company that roasts, markets and sells coffee and other beverages, along with food and related merchandise. Its offerings include brewed coffee, espresso-based drinks, teas and packaged coffee products.
The company serves customers through company-operated and licensed stores, as well as through retail and food-service partnerships. Its stores also sell items such as mugs and coffee-making equipment.
Founded in Seattle in 1971, Starbucks operates in North America and international markets, including China.
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