Starbucks Corporation $SBUX Shares Sold by Strs Ohio

Key Points

• Strs Ohio trimmed its stake in Starbucks by 3.5%, selling 10,380 shares and leaving 286,746 shares valued at about $24.15 million as of the latest SEC filing.
• Q2 beat-and-raise: Starbucks reported revenue of $9.53 billion and EPS of $0.50 (vs. $0.44 est.), lifted FY26 guidance, and credited a ~$500 million "Back to Starbucks" turnaround program for improving traffic and margins, driving a recent rally and analyst price-target upgrades.
• Dividend and governance signals: Starbucks declared a $0.62 quarterly dividend (annualized $2.48, yield 2.3%) despite a high payout ratio (187.9%), while insiders have sold shares recently amid persistent margin pressure and valuation concerns.

Strs Ohio cut its stake in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) by 3.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 286,746 shares of the coffee company's stock after selling 10,380 shares during the period. Strs Ohio's holdings in Starbucks were worth $24,147,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Collier Financial acquired a new position in shares of Starbucks in the third quarter valued at approximately $25,000. Rachor Investment Advisory Services LLC acquired a new position in shares of Starbucks in the fourth quarter valued at approximately $25,000. Y.D. More Investments Ltd acquired a new position in shares of Starbucks in the third quarter valued at approximately $26,000. JPL Wealth Management LLC acquired a new position in shares of Starbucks in the third quarter valued at approximately $27,000. Finally, Kelleher Financial Advisors acquired a new position in shares of Starbucks in the third quarter valued at approximately $27,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Starbucks

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Q2 beat-and-raise: Starbucks reported stronger-than-expected revenue and EPS and lifted FY26 guidance, with comps recovering — the primary catalyst for the rally. Starbucks Stock Gains as Q2 Earnings Beat Estimates, Revenues Rise Y/Y
• Positive Sentiment: High-profile endorsement: Jim Cramer and other commentators praised the quarter and improving margins, helping investor confidence in a durable turnaround. Jim Cramer Explains Why Improving Margins Will Make Starbucks Stock Cheap
• Positive Sentiment: “Back to Starbucks” investment showing results: the ~$500M program to simplify service, add staff and speed orders is credited with lifting traffic and loyalty engagement. Starbucks Invested $500 Million in a Turnaround and Now Wall Street Is Drinking Up SBUX Stock
• Neutral Sentiment: Execution improvements (shorter lines, faster pours, rewards tweaks) support growth but need sustained roll-out to lift margins meaningfully. Starbucks speeds up wait times with 4-minute lines...
• Neutral Sentiment: Corporate moves (new Nashville hub, footprint/office shifts) are strategic but not material to near-term top-line momentum. Starbucks is heading to Nashville — and it's part of a bigger fast-food migration south
• Neutral Sentiment: Insider sale disclosed (EVP sold shares under a pre-arranged 10b5-1 plan) — notable but executed under a trading plan, so not an immediate red flag. Sara Kelly Sells 2,000 Shares of Starbucks NASDAQ: SBUX Stock
• Negative Sentiment: Margin pressure remains: higher labor and store-investment costs are constraining profit recovery, so the market will watch operating-margin trends closely. Starbucks customers are coming back. Profits haven't caught up yet.
• Negative Sentiment: Valuation questions after strong run: some analysts warn the stock's rapid gain may have priced in much of the turnaround, raising downside risk if margins lag. Has Starbucks (SBUX) Run Too Far After Its 32% One Year Share Price Gain?

Starbucks Trading Up 0.5%

Shares of NASDAQ:SBUX opened at $105.90 on Friday. The company has a market capitalization of $120.65 billion, a PE ratio of 80.23, a P/E/G ratio of 2.17 and a beta of 1.02. Starbucks Corporation has a twelve month low of $77.99 and a twelve month high of $107.52. The firm has a 50 day simple moving average of $96.53 and a 200-day simple moving average of $91.03.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued its quarterly earnings data 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 net margin of 3.89% and a negative return on equity of 29.24%. The business had revenue of $9.53 billion during the quarter, compared to the consensus estimate of $9.17 billion. During the same quarter in the previous year, the firm earned $0.41 EPS. The company's revenue was up 8.8% compared to the same quarter last year. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. As a group, equities research analysts predict that Starbucks Corporation will post 2.4 EPS for the current fiscal year.

Starbucks Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, May 15th. Starbucks's payout ratio is 187.88%.

Analyst Upgrades and Downgrades

SBUX has been the subject of a number of research reports. 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 report on Tuesday, April 21st. Wolfe Research initiated coverage on shares of Starbucks in a report on Monday, March 9th. They issued a "peer perform" rating for the company. TD Cowen restated a "hold" rating and issued a $106.00 price objective (up from $96.00) on shares of Starbucks in a report on Wednesday. Morgan Stanley lifted their price objective on shares of Starbucks from $105.00 to $110.00 and gave the company an "overweight" rating in a report on Wednesday. Finally, Sanford C. Bernstein restated an "outperform" rating on shares of Starbucks in a report on Wednesday, March 4th. Sixteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $106.93.

Insider Transactions at Starbucks

In other news, CEO Brady Brewer sold 1,641 shares of the stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $97.12, for a total value of $159,373.92. Following the completion of the transaction, the chief executive officer owned 86,605 shares in the company, valued at $8,411,077.60. This trade represents a 1.86% decrease in their position. The sale 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 dated Thursday, March 5th. The shares were 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. This represents a 4.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 8,958 shares of company stock worth $877,464. Company insiders own 0.03% of the company's stock.

About Starbucks

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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