Geode Capital Management LLC Increases Stock Holdings in Starbucks Corporation $SBUX

Key Points

• Geode Capital Management increased its Starbucks stake by 0.9% in the fourth quarter, ending with 26.37 million shares valued at about $2.21 billion.
• Starbucks reported better-than-expected quarterly results, with EPS of $0.50 versus $0.44 expected and revenue of $9.53 billion, up 8.8% year over year.
• The company also announced a quarterly dividend of $0.62 per share, payable May 29, while analysts currently rate the stock a Moderate Buy with an average target price of $107.48.

Geode Capital Management LLC raised its stake in Starbucks Corporation (NASDAQ:SBUX - Free Report) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,373,084 shares of the coffee company's stock after purchasing an additional 225,168 shares during the period. Geode Capital Management LLC owned 2.31% of Starbucks worth $2,212,153,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Aerodigm Wealth LLC increased its stake in Starbucks by 2.7% in the fourth quarter. Aerodigm Wealth LLC now owns 4,245 shares of the coffee company's stock valued at $357,000 after purchasing an additional 112 shares during the last quarter. River Street Advisors LLC increased its stake in Starbucks by 0.8% in the fourth quarter. River Street Advisors LLC now owns 13,516 shares of the coffee company's stock valued at $1,138,000 after purchasing an additional 113 shares during the last quarter. Creative Financial Designs Inc. ADV increased its stake in Starbucks by 38.2% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 409 shares of the coffee company's stock valued at $34,000 after purchasing an additional 113 shares during the last quarter. Integrity Alliance LLC. increased its stake in Starbucks by 3.0% in the fourth quarter. Integrity Alliance LLC. now owns 3,907 shares of the coffee company's stock valued at $329,000 after purchasing an additional 114 shares during the last quarter. Finally, Opus Capital Group LLC increased its stake in Starbucks by 3.9% in the fourth quarter. Opus Capital Group LLC now owns 3,187 shares of the coffee company's stock valued at $268,000 after purchasing an additional 120 shares during the last quarter. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Starbucks

In related news, CEO Brady Brewer sold 2,229 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $104.81, for a total transaction of $233,621.49. Following the completion of the sale, the chief executive officer directly owned 81,559 shares of the company's stock, valued at $8,548,198.79. This trade represents a 2.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sara Kelly sold 2,000 shares of the firm's stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $105.00, for a total value of $210,000.00. Following the completion of the sale, the executive vice president directly owned 57,653 shares of the company's stock, valued at approximately $6,053,565. This trade represents a 3.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 11,187 shares of company stock valued at $1,111,085. Corporate insiders own 0.03% of the company's stock.

Starbucks Price Performance

Shares of NASDAQ SBUX opened at $100.75 on Friday. The stock has a fifty day moving average price of $98.90 and a 200 day moving average price of $93.73. Starbucks Corporation has a 1-year low of $77.99 and a 1-year high of $108.88. The company has a market cap of $114.82 billion, a PE ratio of 76.33, a P/E/G ratio of 2.06 and a beta of 1.01.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The coffee company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.06. Starbucks had a negative return on equity of 29.24% and a net margin of 3.89%.The firm had revenue of $9.53 billion during the quarter, compared to the consensus estimate of $9.17 billion. During the same period last year, the company earned $0.41 earnings per share. The company's revenue for the quarter was up 8.8% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. Analysts anticipate that Starbucks Corporation will post 2.42 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $2.48 annualized dividend and a dividend yield of 2.5%. Starbucks's dividend payout ratio (DPR) is currently 187.88%.

More Starbucks News

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Starbucks said afternoon customer traffic is rising as its turnaround efforts gain traction, a sign that demand may be improving in a key daypart for sales. Article Title
• Positive Sentiment: Zacks named Starbucks to its Strong Buy income list, signaling continued analyst confidence in the stock despite recent volatility. Article Title
• Positive Sentiment: Coverage this week highlighted Starbucks as a turnaround story, with some articles arguing the company’s recovery is getting a boost from consumer coffee habits and new products. Article Title
• Positive Sentiment: Starbucks presented at Bernstein’s strategic conference, keeping management’s turnaround narrative in front of investors. Article Title
• Neutral Sentiment: Analysts revisited why Starbucks has lagged since its last earnings report, but the piece mainly framed the move as a post-earnings performance check rather than a new catalyst. Article Title
• Neutral Sentiment: Starbucks’ stock has also been getting attention from short-interest updates and broader investor commentary, but these did not point to a major new fundamental change. Article Title
• Negative Sentiment: Starbucks quietly retired its AI inventory tool after it reportedly miscounted stock and slowed baristas, raising concerns about execution risks in its technology strategy. Article Title
• Negative Sentiment: Separate reports said Starbucks suffered a significant sales decline in South Korea after a backlash tied to a marketing campaign, highlighting reputational and international growth risks. Article Title
• Negative Sentiment: Commentary on the failed AI rollout also argued that Starbucks is stepping back from AI while other companies accelerate adoption, which could be read as a sign of weaker innovation momentum. Article Title

Analyst Upgrades and Downgrades

Several brokerages have commented on SBUX. Dbs Bank upgraded shares of Starbucks from a "strong sell" rating to a "moderate sell" rating in a research note on Friday, March 20th. DA Davidson increased their price target on shares of Starbucks from $97.00 to $102.00 and gave the company a "neutral" rating in a research note on Wednesday, April 29th. Barclays set a $116.00 price target on shares of Starbucks and gave the company an "overweight" rating in a research note on Friday, January 30th. Sanford C. Bernstein restated an "outperform" rating on shares of Starbucks in a research report on Wednesday, March 4th. Finally, Citizens Jmp started coverage on shares of Starbucks in a research report on Monday, March 30th. They set an "underperform" rating and a $84.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Starbucks currently has a consensus rating of "Moderate Buy" and an average target price of $107.48.

Starbucks Company Profile

Starbucks Corporation is a global coffeehouse chain and roaster that operates, licenses and franchises coffee shops and related retail businesses. Founded in Seattle, Washington in 1971 by Jerry Baldwin, Zev Siegl and Gordon Bowker, the company grew from a single store focused on whole-bean coffee and equipment into a broad consumer-facing brand. Howard Schultz, who joined the company later and served in senior leadership roles, is widely credited with transforming Starbucks into a mass-market specialty coffee retailer and expanding its footprint internationally.

Starbucks' core activities center on the retail sale of hot and cold specialty beverages, whole-bean and packaged coffees, teas and ready-to-drink products, along with complementary food items and merchandise such as mugs and brewing equipment.

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