59,779 Starbucks Corporation $SBUX Shares Sold by Sumitomo Mitsui Trust Group Inc.

Key Points

• Sumitomo Mitsui Trust Group reduced its Starbucks stake by 2.3%, selling 59,779 shares and retaining 2.56 million shares valued at approximately $240.8 million. Institutional investors collectively own 72.29% of SBUX.
• Analyst views remain mixed: Starbucks has a consensus “Hold” rating and an average price target of $110.53, with recent targets ranging from $105 to $120.
• Starbucks reported quarterly EPS of $0.80, above the $0.72 consensus, although revenue fell 4.5% year over year to $9.14 billion. The company also raised its quarterly dividend to $0.63 per share, implying a 2.4% yield.

Sumitomo Mitsui Trust Group Inc. lowered its stake in Starbucks Corporation (NASDAQ:SBUX - Free Report) by 2.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,562,357 shares of the coffee company's stock after selling 59,779 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.22% of Starbucks worth $240,759,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SBUX. Meeder Asset Management Inc. bought a new position in shares of Starbucks during the 2nd quarter worth about $25,000. Black Cypress Capital Management LLC bought a new stake in shares of Starbucks in the 2nd quarter worth about $27,000. Center for Financial Planning Inc. boosted its holdings in shares of Starbucks by 125.2% in the 3rd quarter. Center for Financial Planning Inc. now owns 295 shares of the coffee company's stock worth $28,000 after acquiring an additional 164 shares in the last quarter. Financial Freedom LLC increased its position in Starbucks by 296.2% in the first quarter. Financial Freedom LLC now owns 313 shares of the coffee company's stock worth $28,000 after purchasing an additional 234 shares during the period. Finally, Bangor Savings Bank grew its holdings in Starbucks by 207.5% during the 2nd quarter. Bangor Savings Bank now owns 326 shares of the coffee company's stock worth $33,000 after acquiring an additional 220 shares during the period. Institutional investors and hedge funds own 72.29% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on SBUX. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $115.00 price objective (up from $110.00) on shares of Starbucks in a research note on Thursday, July 30th. TD Cowen reiterated a "buy" rating and set a $120.00 target price on shares of Starbucks in a report on Friday. JPMorgan Chase & Co. dropped their price target on Starbucks from $112.00 to $105.00 and set an "overweight" rating on the stock in a research note on Tuesday, September 29th. CICC Research upped their price objective on Starbucks from $95.00 to $110.00 and gave the stock an "outperform" rating in a research report on Thursday, August 6th. Finally, Mizuho decreased their price objective on Starbucks from $115.00 to $105.00 and set a "neutral" rating for the company in a report on Friday, October 23rd. Twenty-three equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, Starbucks has an average rating of "Hold" and a consensus price target of $110.53.

Insider Activity

In other Starbucks news, CEO Brady Brewer sold 2,229 shares of the company's stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $105.60, for a total value of $235,382.40. Following the completion of the transaction, the chief executive officer directly owned 73,149 shares in the company, valued at approximately $7,724,534.40. This represents a 2.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 6,687 shares of company stock valued at $685,935 over the last three months. Corporate insiders own 0.03% of the company's stock.

Starbucks Stock Performance

Shares of SBUX stock opened at $103.67 on Monday. Starbucks Corporation has a 52 week low of $77.99 and a 52 week high of $110.51. The company has a market capitalization of $118.18 billion, a price-to-earnings ratio of 46.91, a PEG ratio of 1.55 and a beta of 1.01. The company has a 50-day simple moving average of $99.26 and a 200 day simple moving average of $99.70.

Starbucks (NASDAQ:SBUX - Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The coffee company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.72 by $0.08. The business had revenue of $9.14 billion for the quarter, compared to the consensus estimate of $9.22 billion. Starbucks had a net margin of 6.66% and a negative return on equity of 38.61%. Starbucks's revenue was down 4.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.52 earnings per share. Sell-side analysts forecast that Starbucks Corporation will post 3.21 EPS for the current year.

Starbucks Increases Dividend

The company also recently declared 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. 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. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.4%. Starbucks's payout ratio is 112.22%.

Key Starbucks News

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Starbucks reported fiscal fourth-quarter adjusted EPS of $0.80, above the approximately $0.72 consensus. Adjusted operating margin expanded by roughly 450 basis points to 14% as sales leverage, cost savings and lower labor-related expenses supported profitability. Starbucks posts slight revenue miss and earnings beat
• Positive Sentiment: U.S. comparable sales increased 7.7%, ahead of management’s target, helped by higher average tickets, product mix, food attachments and improving customer traffic. Management said the turnaround is transitioning into a growth plan. Starbucks strong comps driven by ticket growth
• Positive Sentiment: Analysts remain constructive, with BTIG reaffirming a Buy rating and a $115 target, while Bank of America raised its target to $141. Starbucks also plans to test AI-powered drive-through tools, renovate more than 2,000 North American stores and add about 1,200 locations globally. Analyst raises Starbucks price target
• Neutral Sentiment: Management said Starbucks could eventually become a multibrand company and sees room for substantial international and North American expansion, but acquisitions are not currently the focus. Execution on store improvements and service remains the near-term priority. Starbucks CEO discusses future acquisitions
• Negative Sentiment: Revenue fell about 4.5% to $9.14 billion, missing estimates near $9.22 billion. The decline largely reflects Starbucks’ shift of nearly 8,000 China stores to a licensed joint venture, but international comparable sales and transactions remained weak. Starbucks international business disappoints
• Negative Sentiment: Fiscal 2027 guidance calls for roughly 4% North American comparable-sales growth, below fiscal 2026’s 6.6%, while revenue is expected to decline about 1%. Fourth-quarter ticket growth outpaced transaction growth, raising concerns that future gains may rely more on pricing and larger orders than on customer visits. Starbucks margins jump as store visits slow

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.

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