Mattern Capital Management LLC Sells 98,055 Shares of Starbucks Corporation $SBUX

Key Points

• Mattern Capital cut its Starbucks stake by 93.5% in Q4, selling 98,055 shares and leaving the firm with 6,834 shares worth $575,000.
• Company insiders have been selling recently—CEO Brady Brewer sold 1,641 shares and EVP Sara Kelly sold 2,500 on March 5—total insider sales of 6,958 shares over 90 days, with insiders now owning just 0.03% of the stock.
• Starbucks missed EPS (earnings $0.56 vs. $0.59 expected) but topped revenue estimates ($9.92B); management set FY2026 EPS guidance of $2.15–$2.40 and declared a $0.62 quarterly dividend (≈2.5% yield) despite a high payout ratio (204.96%).

Mattern Capital Management LLC decreased its holdings in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) by 93.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 6,834 shares of the coffee company's stock after selling 98,055 shares during the period. Mattern Capital Management LLC's holdings in Starbucks were worth $575,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in Starbucks by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 113,438,902 shares of the coffee company's stock worth $9,596,931,000 after buying an additional 577,279 shares in the last quarter. Capital Research Global Investors increased its holdings in shares of Starbucks by 11.4% during the third quarter. Capital Research Global Investors now owns 85,460,350 shares of the coffee company's stock worth $7,229,968,000 after purchasing an additional 8,774,198 shares during the period. Capital World Investors increased its holdings in shares of Starbucks by 1.9% during the third quarter. Capital World Investors now owns 77,720,137 shares of the coffee company's stock worth $6,575,430,000 after purchasing an additional 1,462,874 shares during the period. Capital International Investors increased its holdings in shares of Starbucks by 22.5% during the third quarter. Capital International Investors now owns 14,691,772 shares of the coffee company's stock worth $1,243,104,000 after purchasing an additional 2,699,479 shares during the period. Finally, Invesco Ltd. increased its stake in Starbucks by 6.5% in the third quarter. Invesco Ltd. now owns 13,590,494 shares of the coffee company's stock valued at $1,149,756,000 after acquiring an additional 832,540 shares during the last quarter. Institutional investors own 72.29% of the company's stock.

Insider Activity at Starbucks

In other Starbucks news, CEO Brady Brewer sold 1,641 shares of the stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $97.12, for a total value of $159,373.92. Following the sale, the chief executive officer directly owned 86,605 shares in the company, valued at $8,411,077.60. This represents a 1.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Sara Kelly sold 2,500 shares of the stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $97.12, for a total transaction of $242,800.00. Following the completion of the sale, the executive vice president owned 59,609 shares in the company, valued at $5,789,226.08. This represents a 4.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 6,958 shares of company stock valued at $667,464. 0.03% of the stock is owned by insiders.

Starbucks Stock Down 0.9%

Starbucks stock opened at $98.67 on Friday. Starbucks Corporation has a twelve month low of $75.50 and a twelve month high of $104.82. The firm has a 50 day moving average price of $96.03 and a 200-day moving average price of $90.35. The company has a market capitalization of $112.41 billion, a P/E ratio of 81.55, a P/E/G ratio of 2.25 and a beta of 0.95.

Starbucks (NASDAQ:SBUX - Get Free Report) last released its earnings results on Wednesday, January 28th. The coffee company reported $0.56 earnings per share for the quarter, missing analysts' consensus estimates of $0.59 by ($0.03). The company had revenue of $9.92 billion for the quarter, compared to the consensus estimate of $9.62 billion. Starbucks had a net margin of 3.63% and a negative return on equity of 28.66%. The firm's revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.69 earnings per share. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. Equities analysts expect that Starbucks Corporation will post 2.31 EPS for the current fiscal year.

Starbucks Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $2.48 annualized dividend and a yield of 2.5%. Starbucks's dividend payout ratio (DPR) is 204.96%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on SBUX shares. BTIG Research reissued a "buy" rating and issued a $105.00 price objective on shares of Starbucks in a research note on Thursday, January 29th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Starbucks in a report on Wednesday, March 4th. New Street Research set a $90.00 target price on Starbucks in a research report on Tuesday, January 27th. Royal Bank Of Canada lowered shares of Starbucks from an "outperform" rating to a "sector perform" rating and set a $105.00 price objective on the stock. in a report on Tuesday, March 17th. Finally, UBS Group restated a "neutral" rating on shares of Starbucks in a report on Friday, January 30th. Sixteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $104.75.

More Starbucks News

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Stifel raised its price target to $115 (from $105) and reiterated a Buy ahead of the April 28 report — a clear vote of confidence that supports near-term upside expectations. Stifel Boosts Starbucks (SBUX) Target, Sees Earnings In Line with Estimates
• Positive Sentiment: JPMorgan raised its price target and kept an Overweight rating, reinforcing momentum from recent analyst upgrades that have helped lift sentiment into earnings. JPMorgan Raises Price Target on Starbucks
• Positive Sentiment: Starbucks unveiled a new AI platform that management and analysts say could expand personalization, speed service and attract new customers — a strategic catalyst investors view as extending long-term growth and margin opportunities. Starbucks Reveals Groundbreaking Artificial Intelligence (AI) Platform
• Positive Sentiment: Changes to the loyalty program are drawing value-seeking customers (higher redemptions of the new $2-off option), which could help traffic and comps if sustained. Starbucks' loyalty program changes are drawing value-conscious customers
• Positive Sentiment: Operational moves — paring back some tech roles, planning global tech hubs to bring work in-house and cut costs — are being framed as margin-improvement actions by investors. Starbucks Brewing up Global Tech Plan to Bring Jobs Back in-House and Slash Costs
• Neutral Sentiment: Wall Street previews (Zacks/Seeking Alpha) note potential “Back to Starbucks” progress and menu innovation but also flag seasonal margin pressures and cost headwinds — these create earnings risk/reward ambiguity ahead of Q2. Starbucks to Post Q2 Earnings: What's in the Cards for the Stock?
• Neutral Sentiment: Nestlé extended its K-Cup alliance for Starbucks-branded pods in North America — a steady revenue stream for at-home coffee but likely modest near-term impact on store-level results. Nestlé Extends Starbucks K Cup Alliance
• Negative Sentiment: DA Davidson issued a Neutral rating, reflecting lingering skepticism from some shops; mixed analyst views can cap upside entering earnings. Starbucks Earns "Neutral" Rating from DA Davidson
• Negative Sentiment: Competitive pressure from rivals (e.g., Dutch Bros, Dunkin’) and questions about store footprint strategy (shift to exurbs, drive-thru focus) may pressure margins and same-store-sales in some markets. Starbucks rival challenges coffee giant's dominance

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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