Rakuten Investment Management Inc. Acquires 28,922 Shares of Starbucks Corporation $SBUX

Key Points

• Rakuten Investment Management increased its Starbucks stake by 10.5% in the third quarter, adding 28,922 shares and bringing its total to 303,491 shares, valued at about $29 million.
• Starbucks reported quarterly EPS of $0.80, beating estimates, but revenue of $9.14 billion fell 4.5% year over year and missed forecasts.
• The company raised its quarterly dividend from $0.62 to $0.63 per share; analysts’ average rating was Hold, with an average price target of $108.74.

Rakuten Investment Management Inc. increased its holdings in Starbucks Corporation (NASDAQ:SBUX - Free Report) by 10.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 303,491 shares of the coffee company's stock after acquiring an additional 28,922 shares during the period. Rakuten Investment Management Inc.'s holdings in Starbucks were worth $28,962,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in Starbucks during the 2nd quarter worth $8,504,509,000. State Street Corp grew its stake in shares of Starbucks by 3.2% in the 2nd quarter. State Street Corp now owns 49,260,268 shares of the coffee company's stock worth $5,033,907,000 after acquiring an additional 1,530,497 shares in the last quarter. Bank of America Corp DE bought a new stake in shares of Starbucks in the 2nd quarter worth $1,581,287,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Starbucks by 26.2% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,506,482 shares of the coffee company's stock valued at $869,277,000 after purchasing an additional 1,767,530 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Starbucks in the second quarter valued at about $779,790,000. Institutional investors own 72.29% of the company's stock.

Starbucks Trading Up 0.4%

SBUX opened at $104.77 on Wednesday. Starbucks Corporation has a 12 month low of $77.99 and a 12 month high of $110.51. The company has a market cap of $119.44 billion, a PE ratio of 47.41, a price-to-earnings-growth ratio of 1.73 and a beta of 1.01. The company has a 50 day moving average of $99.15 and a 200 day moving average of $99.84.

Starbucks (NASDAQ:SBUX - Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The coffee company reported $0.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.08. Starbucks had a negative return on equity of 38.61% and a net margin of 6.66%. The company had revenue of $9.14 billion for the quarter, compared to analyst estimates of $9.22 billion. During the same period in the previous year, the company posted $0.52 EPS. The firm's revenue for the quarter was down 4.5% compared to the same quarter last year. Research analysts forecast that Starbucks Corporation will post 3.22 earnings per share for the current fiscal year.

Starbucks Increases Dividend

The company also recently disclosed 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. This is a boost from Starbucks's previous quarterly dividend of $0.62. The ex-dividend date is Friday, November 13th. This represents a $2.52 annualized dividend and a dividend yield of 2.4%. Starbucks's dividend payout ratio is currently 112.22%.

Insider Activity at Starbucks

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 stock was sold at an average price of $105.60, for a total value of $235,382.40. Following the completion of the sale, the chief executive officer owned 73,149 shares of the company's stock, valued at $7,724,534.40. This represents a 2.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 4,458 shares of company stock worth $449,684. 0.03% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on SBUX shares. Melius Research set a $110.00 price objective on shares of Starbucks in a research report on Monday, August 3rd. Morgan Stanley lowered shares of Starbucks from an "overweight" rating to an "underweight" rating in a research note on Monday, August 3rd. Bank of America reissued a "buy" rating on shares of Starbucks in a research report on Monday. KeyCorp restated a "sector weight" rating on shares of Starbucks in a research note on Friday. Finally, TD Cowen reaffirmed a "buy" rating and issued a $120.00 target price on shares of Starbucks in a report on Friday. Twenty-one equities research 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, the company has an average rating of "Hold" and an average target price of $108.74.

Key Stories Impacting Starbucks

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Management outlined plans for sustained fiscal 2027 growth, pointing to stronger coffeehouse sales, digital initiatives, global expansion and cost savings as drivers of its turnaround. Starbucks Q4 Earnings Call Highlights Turnaround and 2027 Growth Plans
• Positive Sentiment: U.S. customer trends offered support: average spending per visit rose 5.2% last quarter, while management cited growth in visits and spending alongside menu, digital and service improvements. Why Morgan Stanley sees customers spending more at Starbucks
• Neutral Sentiment: Citigroup raised its price target from $104 to $107 but kept a neutral rating, signaling limited expected upside at that target. Citigroup Starbucks rating
• Neutral Sentiment: A report suggested drive-thrus could use technology to recognize returning customers, but the potential customer-service benefit remains prospective. Starbucks Stock Ticks Up as Drive-Thrus May Recognize Patrons
• Negative Sentiment: Fiscal Q4 revenue was $9.14 billion, down 4.5% year over year and below Wall Street expectations, partly reflecting slower international growth and the transition of China operations to a licensed model. Adjusted EPS of $0.80 beat estimates, while U.S. momentum and margin gains provided some offset. SBUX Q3 (fiscal Q4 2026) deep dive
• Negative Sentiment: Stephens initiated coverage with an equal-weight rating and a $39 price target, far below the shares’ recent trading level; the unusually wide gap is a notable bearish signal for sentiment. Stephens Starbucks rating

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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