Starbucks Corporation $SBUX Shares Bought by Teacher Retirement System of Texas

Key Points

• Teacher Retirement System of Texas increased its stake in Starbucks by 16.6% to 204,473 shares (worth about $17.22 million), while institutions now own roughly 72.29% of the stock with large positions held by Vanguard and Capital Research.
• Wall Street has a consensus rating of Moderate Buy (average target $104.75; 16 Buys, 13 Holds, 1 Sell); Starbucks reported a Q (EPS) of $0.56 (miss) and revenue of $9.92B (beat), set FY26 guidance of 2.15–2.40 EPS, and announced a $0.62 quarterly dividend (2.5% yield).

Teacher Retirement System of Texas grew its stake in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) by 16.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 204,473 shares of the coffee company's stock after purchasing an additional 29,121 shares during the quarter. Teacher Retirement System of Texas' holdings in Starbucks were worth $17,219,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Starbucks by 0.5% during the third quarter. Vanguard Group Inc. now owns 113,438,902 shares of the coffee company's stock worth $9,596,931,000 after acquiring an additional 577,279 shares during the last quarter. Capital Research Global Investors grew its position 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 acquiring an additional 8,774,198 shares during the last quarter. Capital World Investors grew its position 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 acquiring an additional 1,462,874 shares during the last quarter. Capital International Investors grew its position 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 acquiring an additional 2,699,479 shares during the last quarter. Finally, Invesco Ltd. grew its position in shares of Starbucks by 6.5% during the third quarter. Invesco Ltd. now owns 13,590,494 shares of the coffee company's stock worth $1,149,756,000 after acquiring an additional 832,540 shares during the last quarter. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. TD Cowen restated a "hold" rating and set a $89.00 target price (up from $84.00) on shares of Starbucks in a research report on Friday, January 30th. Piper Sandler restated an "overweight" rating and set a $103.00 target price (up from $100.00) on shares of Starbucks in a research report on Friday, January 30th. DA Davidson reiterated a "neutral" rating and issued a $97.00 price objective on shares of Starbucks in a research report on Wednesday. Wells Fargo & Company set a $110.00 price objective on shares of Starbucks in a research report on Wednesday, January 28th. Finally, Stifel Nicolaus lifted their price objective on shares of Starbucks from $105.00 to $115.00 and gave the company a "buy" rating in a research report on Tuesday. Sixteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $104.75.

Starbucks Stock Performance

Shares of NASDAQ SBUX opened at $98.67 on Friday. The firm has a market capitalization of $112.41 billion, a P/E ratio of 81.55, a PEG ratio of 2.25 and a beta of 0.95. Starbucks Corporation has a one year low of $75.50 and a one year high of $104.82. The company's fifty day moving average is $96.03 and its two-hundred day moving average is $90.35.

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

Starbucks Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Friday, May 15th. Starbucks's payout ratio is presently 204.96%.

Insider Buying and Selling at Starbucks

In other news, EVP Sara Kelly sold 2,500 shares of Starbucks stock in a transaction 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 transaction, the executive vice president owned 59,609 shares of the company's stock, valued at $5,789,226.08. The trade was a 4.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Brady Brewer sold 588 shares of Starbucks stock in a transaction on Friday, April 17th. The stock was sold at an average price of $100.00, for a total value of $58,800.00. Following the transaction, the chief executive officer directly owned 83,788 shares of the company's stock, valued at $8,378,800. This trade represents a 0.70% 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. Insiders have sold a total of 6,958 shares of company stock worth $667,464 over the last 90 days. Insiders own 0.03% of the company's stock.

Starbucks News Summary

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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