Starbucks Corporation $SBUX Shares Acquired by ProShare Advisors LLC

Key Points

• ProShare Advisors increased its Starbucks stake by 3.9% in the third quarter, owning 1.28 million shares worth approximately $120.2 million. Institutional investors collectively hold 72.29% of Starbucks stock.
• Starbucks reported quarterly adjusted EPS of $0.80, beating the $0.72 consensus, but revenue fell 4.5% year over year to $9.14 billion and missed estimates. U.S. comparable sales rose 7.7%, supporting management’s turnaround efforts.
• Analysts have a consensus rating of “Hold” with an average price target of $110.53, while Starbucks raised its quarterly dividend to $0.63 per share, representing a 2.4% yield.

ProShare Advisors LLC increased its holdings in Starbucks Corporation (NASDAQ:SBUX - Free Report) by 3.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,279,583 shares of the coffee company's stock after buying an additional 47,515 shares during the period. ProShare Advisors LLC owned 0.11% of Starbucks worth $120,230,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in SBUX. BlackRock Inc. purchased a new position in shares of Starbucks in the 2nd quarter worth approximately $8,504,509,000. State Street Corp grew its holdings in shares of Starbucks by 3.2% during the second quarter. State Street Corp now owns 49,260,268 shares of the coffee company's stock valued at $5,033,907,000 after buying an additional 1,530,497 shares during the last quarter. Bank of America Corp DE increased its position in shares of Starbucks by 9.0% during the 1st quarter. Bank of America Corp DE now owns 15,761,355 shares of the coffee company's stock valued at $1,412,060,000 after purchasing an additional 1,300,085 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake 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 worth $869,277,000 after acquiring an additional 1,767,530 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Starbucks during the 2nd quarter valued at about $779,790,000. Institutional investors and hedge funds own 72.29% of the company's stock.

Insider Activity at Starbucks

In other news, CEO Brady Brewer sold 588 shares of the company's stock in a transaction dated Tuesday, October 20th. The shares were sold at an average price of $100.00, for a total transaction of $58,800.00. Following the completion of the sale, the chief executive officer owned 70,920 shares of the company's stock, valued at $7,092,000. This represents a 0.82% decrease in their position. The transaction 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. Insiders have sold a total of 6,687 shares of company stock worth $685,935 in the last 90 days. Corporate insiders own 0.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SBUX. TD Cowen reiterated a "buy" rating and set a $120.00 price objective on shares of Starbucks in a research note on Friday. Needham & Company LLC set a $120.00 price target on shares of Starbucks in a report on Tuesday, August 18th. BMO Capital Markets restated an "outperform" rating on shares of Starbucks in a research note on Friday. Mizuho cut 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. Finally, BNP Paribas Exane increased their price target on shares of Starbucks from $87.00 to $92.00 and gave the stock an "underperform" rating in a research note on Thursday, July 30th. Twenty-three investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and four have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $110.53.

More 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 Stock Down 1.7%

Shares of SBUX stock opened at $103.67 on Friday. The stock's fifty day simple moving average is $99.26 and its 200 day simple moving average is $99.70. The firm has a market capitalization of $118.18 billion, a P/E ratio of 46.91, a P/E/G ratio of 1.57 and a beta of 0.98. Starbucks Corporation has a twelve month low of $77.99 and a twelve month high of $110.51.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The coffee company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.08. The business had revenue of $9.14 billion during 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 38.01%. Starbucks's revenue was down 4.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.52 EPS. As a group, equities research analysts expect that Starbucks Corporation will post 3.21 EPS for the current fiscal year.

Starbucks Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Friday, November 13th will be given a $0.63 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $2.52 annualized dividend and a dividend yield of 2.4%. This is an increase from Starbucks's previous quarterly dividend of $0.62. Starbucks's dividend payout ratio is currently 112.22%.

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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