26,368 Shares of Starbucks Corporation $SBUX Purchased by Great Lakes Retirement Inc.

Key Points

• Great Lakes Retirement Inc. bought 26,368 Starbucks shares worth approximately $2.48 million in the third quarter. Institutional investors own 72.29% of the company.
• Starbucks reported quarterly EPS of $0.85, beating estimates of $0.66, while revenue reached $9.32 billion. Analysts maintain a “Moderate Buy” consensus with an average price target of $110.14.
• The company raised its quarterly dividend to $0.63 per share, or $2.52 annually, despite ongoing store closures and a high valuation reflected in its price-to-earnings ratio of 59.22.

Great Lakes Retirement Inc. purchased a new position in Starbucks Corporation (NASDAQ:SBUX - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 26,368 shares of the coffee company's stock, valued at approximately $2,478,000.

A number of other large investors have also recently made changes to their positions in the stock. Meeder Asset Management Inc. bought a new stake in Starbucks during the second quarter valued at approximately $25,000. Black Cypress Capital Management LLC purchased a new position in Starbucks during the second quarter valued at approximately $27,000. Center for Financial Planning Inc. raised its holdings in 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. Financial Freedom LLC raised its holdings in Starbucks by 296.2% during the first quarter. Financial Freedom LLC now owns 313 shares of the coffee company's stock valued at $28,000 after acquiring an additional 234 shares during the period. Finally, Bangor Savings Bank raised its holdings in Starbucks by 207.5% during the second quarter. Bangor Savings Bank now owns 326 shares of the coffee company's stock valued at $33,000 after acquiring an additional 220 shares during the period. 72.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Brady Brewer sold 2,229 shares of the stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $105.60, for a total value of $235,382.40. Following the sale, the chief executive officer directly owned 73,149 shares of the company's stock, valued at $7,724,534.40. This represents a 2.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 6,687 shares of company stock worth $685,935. Corporate insiders own 0.03% of the company's stock.

Key Starbucks News

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Analysts expect stronger U.S. comparable-store sales, cost-saving initiatives and Starbucks’ shift toward a licensed-store model in China to support fiscal fourth-quarter results. These factors could improve margins and earnings, though execution will be closely scrutinized. Starbucks Q4 earnings preview
• Positive Sentiment: Bank of America Securities issued a Buy rating on Starbucks, adding an optimistic Wall Street signal as the company works through its turnaround. Bank of America Buy rating
• Positive Sentiment: Starbucks raised its dividend again, extending a streak that began in 2010. The annual payout is estimated at nearly $2.9 billion, reinforcing the stock’s appeal to income-oriented investors despite the modest size of the increase. Starbucks dividend increase
• Positive Sentiment: Recent earnings comparisons portray Starbucks as one of the stronger performers among traditional fast-food companies, supporting the view that its operating recovery is gaining traction. Starbucks Q2 earnings recap
• Neutral Sentiment: Coverage points to a possible strategy reset focused on growth, including store economics, international operations and customer traffic. Investors are awaiting management’s details and financial targets before assigning full credit to the plan. Starbucks growth strategy
• Neutral Sentiment: The announcement of the 2026 Red Cup Day promotional event may support seasonal traffic, but the stock’s reaction suggests investors are focused more on earnings and the broader turnaround than on marketing events. Starbucks Red Cup Day announcement
• Negative Sentiment: Starbucks is closing five additional coffeehouses and two airport locations, with related job losses. The closures may improve the portfolio over time but highlight ongoing operating and traffic challenges. Starbucks store closures
• Negative Sentiment: At roughly $103 per share, Starbucks trades at a high earnings multiple, leaving limited room for disappointment if comparable sales, margins or fiscal 2027 guidance fall short. Starbucks earnings expectations

Analyst Ratings Changes

SBUX has been the subject of a number of research analyst reports. DA Davidson restated a "neutral" rating and set a $110.00 price objective on shares of Starbucks in a research report on Friday, October 9th. Argus boosted their price objective on Starbucks from $112.00 to $120.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Guggenheim assumed coverage on Starbucks in a research note on Monday, August 3rd. They set a "buy" rating on the stock. Rothschild & Co Redburn upped their price objective on Starbucks from $81.00 to $82.00 and gave the company a "sell" rating in a research report on Wednesday, September 30th. Finally, Gordon Haskett raised their price objective on Starbucks from $110.00 to $118.00 and gave the company a "hold" rating in a research note on Thursday, July 30th. Twenty-four equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, Starbucks currently has a consensus rating of "Moderate Buy" and an average price target of $110.14.

Starbucks Stock Up 0.3%

SBUX stock opened at $103.04 on Wednesday. Starbucks Corporation has a twelve month low of $77.99 and a twelve month high of $110.51. The stock has a market capitalization of $117.47 billion, a price-to-earnings ratio of 59.22 and a beta of 0.98. The firm's fifty day simple moving average is $99.31 and its two-hundred day simple moving average is $99.48.

Starbucks (NASDAQ:SBUX - Get Free Report) last released its earnings results on Wednesday, July 29th. The coffee company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.19. The firm had revenue of $9.32 billion during the quarter, compared to the consensus estimate of $9.17 billion. During the same quarter last year, the business posted $0.50 EPS. Starbucks's revenue was down 1.4% compared to the same quarter last year. As a group, equities research analysts expect that Starbucks Corporation will post 2.65 EPS for the current year.

Starbucks Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Friday, November 13th will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, November 13th. This is a positive change from Starbucks's previous quarterly dividend of $0.62. Starbucks's payout ratio is currently 144.83%.

About Starbucks

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.

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