Starbucks Corporation $SBUX Holdings Lessened by Narwhal Capital Management

Narwhal Capital Management cut its stake in shares of Starbucks Corporation (NASDAQ:SBUX) by 8.1% during the third quarter, HoldingsChannel reports. The firm owned 58,176 shares of the coffee company’s stock after selling 5,098 shares during the quarter. Narwhal Capital Management’s holdings in Starbucks were worth $5,466,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. purchased a new position in Starbucks in the second quarter valued at about $8,504,509,000. Bank of America Corp DE bought a new position in Starbucks in the second quarter worth about $1,581,287,000. Bank of New York Mellon Corp purchased a new stake in shares of Starbucks during the second quarter valued at about $779,790,000. Legal & General Group Plc purchased a new stake in shares of Starbucks during the second quarter valued at about $649,622,000. Finally, Corient Private Wealth LP purchased a new stake in shares of Starbucks during the second quarter valued at about $289,019,000. 72.29% of the stock is owned by institutional investors.

Insider Buying and Selling at Starbucks

In related news, CEO Brady Brewer sold 2,229 shares of the company’s stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $110.00, for a total value of $245,190.00. Following the completion of the transaction, the chief executive officer owned 68,691 shares of the company’s stock, valued at approximately $7,556,010. This represents a 3.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 6,687 shares of company stock valued at $694,874 in the last three months. Corporate insiders own 0.03% of the company’s stock.

Trending Headlines about Starbucks

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Stifel resumed coverage with a Buy rating and a $115 price target, adding a bullish analyst view that helped support the stock’s recent advance. Starbucks rises as Stifel resumes coverage with Buy rating and $115 target
• Positive Sentiment: Starbucks is targeting 18% EPS growth in fiscal 2027, supported by margin expansion and cost savings, as well as an additional fiscal week. If achieved, stronger earnings could offset softer sales. Can SBUX Deliver 18% EPS Growth Despite a 1% Revenue Decline in FY27?
• Positive Sentiment: Starbucks raised its quarterly dividend to $0.63 from $0.62, a modest increase that may appeal to income-focused investors. The dividend implies a 2.3% yield at the cited share price. Starbucks insider trading report and dividend information
• Neutral Sentiment: CEO Brady Brewer sold 2,229 shares under a pre-arranged Rule 10b5-1 trading plan and retained 68,691 shares afterward. The planned sale may be less informative than an unplanned transaction. SEC insider transaction filing
• Negative Sentiment: The fiscal 2027 outlook calls for revenue to decline about 1%, making the targeted EPS growth reliant on cost savings and improved margins rather than sales growth. Execution will be important. Fiscal 2027 EPS and revenue outlook

Starbucks Price Performance

Shares of SBUX stock opened at $109.95 on Wednesday. The firm has a market capitalization of $125.34 billion, a price-to-earnings ratio of 49.75, a price-to-earnings-growth ratio of 1.81 and a beta of 1.01. The business has a fifty day moving average of $99.25 and a 200 day moving average of $100.18. Starbucks Corporation has a 1 year low of $81.97 and a 1 year high of $111.50.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Thursday, October 29th. The coffee company reported $0.80 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $9.22 billion. During the same quarter in the prior year, the company earned $0.52 EPS. Starbucks’s quarterly revenue was down 4.5% on a year-over-year basis. As a group, equities research analysts expect that Starbucks Corporation will post 3.22 earnings per share for the current year.

Starbucks Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Friday, November 13th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.3%. This is an increase from Starbucks’s previous quarterly dividend of $0.62. The ex-dividend date is Friday, November 13th. Starbucks’s payout ratio is currently 112.22%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Stephens began coverage on shares of Starbucks in a research report on Tuesday, November 3rd. They issued an “equal weight” rating and a $39.00 price objective on the stock. Mizuho reduced their price objective on shares of Starbucks from $115.00 to $105.00 and set a “neutral” rating for the company in a research note on Friday, October 23rd. Gordon Haskett increased their target price on shares of Starbucks from $110.00 to $118.00 and gave the company a “hold” rating in a research report on Thursday, July 30th. UBS Group raised their target price on shares of Starbucks from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, November 6th. Finally, Citigroup raised their target price on shares of Starbucks from $104.00 to $107.00 and gave the company a “neutral” rating in a research note on Monday, November 2nd. 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 stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $108.83.

About Starbucks

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.