Starbucks Corporation $SBUX Stock Acquired by International Assets Investment Management LLC

Key Points

• International Assets Investment Management LLC increased its Starbucks stake by 2,296.2% in the third quarter, purchasing 133,548 additional shares and bringing its holdings to 139,364 shares valued at approximately $13.1 million.
• Starbucks reported quarterly EPS of $0.80, beating estimates of $0.72, while revenue fell 4.5% year over year to $9.14 billion and missed forecasts. Analysts’ consensus rating was Hold, with an average price target of $110.53.
• The company raised its quarterly dividend to $0.63 per share, equivalent to an annualized $2.52 dividend and a 2.4% yield. Starbucks shares opened at $103.67, with a 52-week range of $77.99 to $110.51.

International Assets Investment Management LLC increased its stake in Starbucks Corporation (NASDAQ:SBUX - Free Report) by 2,296.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 139,364 shares of the coffee company's stock after purchasing an additional 133,548 shares during the quarter. International Assets Investment Management LLC's holdings in Starbucks were worth $13,095,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SBUX. Sunbelt Securities Inc. grew its position in Starbucks by 1.0% during the first quarter. Sunbelt Securities Inc. now owns 9,473 shares of the coffee company's stock worth $849,000 after buying an additional 97 shares during the period. Cypress Capital Management LLC WY boosted its position in Starbucks by 30.9% during the second quarter. Cypress Capital Management LLC WY now owns 424 shares of the coffee company's stock worth $43,000 after purchasing an additional 100 shares in the last quarter. Webster Bank N. A. grew its holdings in Starbucks by 7.8% in the second quarter. Webster Bank N. A. now owns 1,396 shares of the coffee company's stock valued at $143,000 after purchasing an additional 101 shares during the last quarter. Nilsine Partners LLC grew its holdings in Starbucks by 1.0% in the second quarter. Nilsine Partners LLC now owns 10,039 shares of the coffee company's stock valued at $1,026,000 after purchasing an additional 101 shares during the last quarter. Finally, Beta Wealth Group Inc. increased its position in shares of Starbucks by 1.7% in the second quarter. Beta Wealth Group Inc. now owns 6,216 shares of the coffee company's stock valued at $635,000 after buying an additional 102 shares in the last quarter. Institutional investors and hedge funds own 72.29% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Needham & Company LLC set a $120.00 price objective on shares of Starbucks in a research report on Tuesday, August 18th. DA Davidson restated a "neutral" rating and set a $110.00 target price on shares of Starbucks in a research report on Friday. Robert W. Baird reduced their price target on shares of Starbucks from $124.00 to $115.00 and set an "outperform" rating on the stock in a report on Friday, October 2nd. UBS Group reiterated a "neutral" rating and issued a $105.00 price target (down from $112.00) on shares of Starbucks in a research report on Thursday, October 8th. Finally, Evercore reissued an "outperform" rating on shares of Starbucks in a research note on Friday. Twenty-three analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, Starbucks has a consensus rating of "Hold" and an average price target of $110.53.

Insider Activity

In related news, CEO Brady Brewer sold 2,229 shares of the firm's stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $105.60, for a total transaction of $235,382.40. Following the sale, the chief executive officer owned 73,149 shares in the company, valued at approximately $7,724,534.40. This trade represents a 2.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 over the last quarter. Corporate insiders own 0.03% of the company's stock.

Starbucks Trading Down 1.7%

Starbucks stock opened at $103.67 on Friday. The stock has a market cap of $118.18 billion, a PE ratio of 46.91, a P/E/G ratio of 1.57 and a beta of 0.98. The stock has a 50-day moving average price of $99.26 and a 200 day moving average price of $99.70. Starbucks Corporation has a 52 week low of $77.99 and a 52 week high of $110.51.

Starbucks (NASDAQ:SBUX - Get Free Report) last released its earnings results 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 net margin of 6.66% and a negative return on equity of 38.01%. 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 prior year, the firm earned $0.52 EPS. The firm's quarterly revenue was down 4.5% on a year-over-year basis. On average, equities analysts predict that Starbucks Corporation will post 3.21 EPS for the current year.

Starbucks Increases Dividend

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

Trending Headlines about Starbucks

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

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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