13,138 Starbucks Corporation $SBUX Shares Bought by Provenance Wealth Advisors LLC

Key Points

• Provenance Wealth Advisors increased its Starbucks stake by 13,138 shares in the third quarter, a 187,685.7% rise, bringing its holdings to 13,145 shares valued at about $1.24 million.
• Starbucks reported quarterly EPS of $0.80, beating the $0.72 consensus, but revenue fell 4.5% year over year to $9.14 billion and missed estimates.
• The company raised its quarterly dividend from $0.62 to $0.63 per share, equivalent to an annualized $2.52 and a 2.3% yield.

Provenance Wealth Advisors LLC grew its stake in Starbucks Corporation (NASDAQ:SBUX - Free Report) by 187,685.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,145 shares of the coffee company's stock after purchasing an additional 13,138 shares during the period. Provenance Wealth Advisors LLC's holdings in Starbucks were worth $1,235,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Meeder Asset Management Inc. bought a new stake in Starbucks in the second quarter valued at $25,000. Black Cypress Capital Management LLC acquired a new position in Starbucks during the second quarter worth $27,000. Financial Freedom LLC raised its stake in Starbucks by 296.2% during the first quarter. Financial Freedom LLC now owns 313 shares of the coffee company's stock worth $28,000 after acquiring an additional 234 shares in the last quarter. Center for Financial Planning Inc. lifted its holdings in shares of Starbucks by 125.2% during the third quarter. Center for Financial Planning Inc. now owns 295 shares of the coffee company's stock valued at $28,000 after acquiring an additional 164 shares during the period. Finally, John Boyer Inc. bought a new position in shares of Starbucks during the third quarter valued at $31,000. 72.29% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Starbucks

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Starbucks reached a fresh 52-week high, reflecting strong investor demand. Restaurant stocks broadly advanced as well, providing a sector tailwind. Starbucks Reaches a Fresh 52-Week High at $109.70
• Positive Sentiment: Quarterly EPS rose 54% year over year to $0.80, beating the $0.72 consensus. Commentary highlighted improving coffeehouse sales, higher U.S. customer spending per visit, digital initiatives and cost savings as drivers of a potential recovery. Starbucks Served Up a 54% Earnings Jump Why Morgan Stanley sees customers spending more at Starbucks
• Neutral Sentiment: The China business is shifting to a licensed joint-venture model, changing how revenue is recorded. Starbucks says it is pursuing cost savings and margin improvement, but the transition complicates comparisons. Is China Licensing Shift Altering The Investment Case For Starbucks?
• Negative Sentiment: Revenue fell 4.5% year over year to $9.14 billion and missed analyst estimates. Management expects consolidated revenue to decline about 1% in fiscal 2027, partly because of the China licensing change and the calendar effect of a 53rd week. SBUX Q3 (fiscal Q4 2026) deep dive

Starbucks Price Performance

Shares of Starbucks stock opened at $109.70 on Thursday. The firm has a 50 day simple moving average of $99.23 and a 200 day simple moving average of $99.92. Starbucks Corporation has a fifty-two week low of $79.04 and a fifty-two week high of $110.51. The firm has a market cap of $125.06 billion, a P/E ratio of 49.64, a P/E/G ratio of 1.73 and a beta of 1.01.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The coffee company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.08. The firm had revenue of $9.14 billion for the quarter, compared to the consensus estimate of $9.22 billion. Starbucks had a negative return on equity of 38.61% and a net margin of 6.66%. The business's revenue for the quarter was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.52 EPS. On average, sell-side analysts expect that Starbucks Corporation will post 3.22 EPS for the current year.

Starbucks Increases Dividend

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

Analyst Ratings Changes

SBUX has been the topic of several recent analyst reports. KeyCorp restated a "sector weight" rating on shares of Starbucks in a research note on Friday, October 30th. Guggenheim reiterated a "neutral" rating and set a $103.00 target price (up from $97.00) on shares of Starbucks in a research report on Monday. Seaport Research Partners initiated coverage on shares of Starbucks in a report on Wednesday, September 16th. They set a "neutral" rating for the company. Wells Fargo & Company cut their price target on shares of Starbucks from $125.00 to $120.00 and set an "overweight" rating for the company in a report on Wednesday, October 21st. Finally, Piper Sandler boosted their price target on shares of Starbucks from $110.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, July 30th. Twenty-one analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and four have given a Sell rating to the company's stock. According to data from MarketBeat, Starbucks presently has a consensus rating of "Hold" and a consensus target price of $108.74.

Insider Buying and Selling at Starbucks

In other news, CEO Brady Brewer sold 588 shares of the company's stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $100.00, for a total transaction of $58,800.00. Following the transaction, the chief executive officer owned 70,920 shares of the company's stock, 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 link. 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 in the last ninety days. Insiders own 0.03% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.