Starbucks Corporation $SBUX Stock Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC grew its stake in Starbucks Corporation (NASDAQ:SBUX - Free Report) by 7.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 374,348 shares of the coffee company's stock after purchasing an additional 24,564 shares during the period. Commonwealth Equity Services LLC's holdings in Starbucks were worth $35,174,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on SBUX shares. Rothschild & Co Redburn increased their price target on Starbucks from $81.00 to $82.00 and gave the company a "sell" rating in a research note on Wednesday, September 30th. BTIG Research reaffirmed a "buy" rating and issued a $115.00 target price on shares of Starbucks in a report on Friday, October 30th. William Blair reiterated an "outperform" rating on shares of Starbucks in a research report on Friday, October 30th. Citigroup lifted their price target on Starbucks from $104.00 to $107.00 and gave the company a "neutral" rating in a research note on Monday, November 2nd. Finally, Stephens started coverage on Starbucks in a report on Tuesday, November 3rd. They set an "equal weight" rating and a $39.00 price target on the stock. Twenty-one equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $108.89.

Insider Activity at Starbucks

In related news, CEO Brady Brewer sold 2,229 shares of Starbucks 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 transaction, the chief executive officer directly owned 73,149 shares of the company's stock, valued at $7,724,534.40. The trade was a 2.96% decrease in their ownership of the stock. The transaction was disclosed in a legal 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. Insiders sold 4,458 shares of company stock valued at $449,684 over the last quarter. 0.03% of the stock is owned by insiders.

Starbucks Price Performance

Shares of Starbucks stock opened at $105.41 on Monday. Starbucks Corporation has a twelve month low of $81.76 and a twelve month high of $111.50. The stock has a market cap of $120.17 billion, a price-to-earnings ratio of 47.70, a P/E/G ratio of 1.74 and a beta of 1.01. The company's fifty day moving average is $99.15 and its 200 day moving average is $100.05.

Starbucks (NASDAQ:SBUX - Get Free Report) last announced its earnings results on Thursday, October 29th. The coffee company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.08. The business had revenue of $9.14 billion during the quarter, compared to analyst estimates of $9.22 billion. Starbucks had a negative return on equity of 38.61% and a net margin of 6.66%. Starbucks's revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period last year, the company earned $0.52 EPS. As a group, equities analysts anticipate that Starbucks Corporation will post 3.22 earnings per share for the current fiscal year.

Starbucks Increases Dividend

The business 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 represents a $2.52 dividend on an annualized basis and a dividend yield of 2.4%. This is a positive change from Starbucks's previous quarterly dividend of $0.62. The ex-dividend date is Friday, November 13th. Starbucks's dividend payout ratio is 114.03%.

Key Headlines Impacting Starbucks

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: U.S. comparable sales rose 7.7% in fiscal Q4, driven by stronger customer traffic and average tickets—evidence of improving business momentum. Starbucks' U.S. Comps Jump 7.7%: Can Traffic Momentum Last?
• Neutral Sentiment: UBS raised its price target from $105 to $110, implying 4.4% upside from the cited price, but maintained a “neutral” rating—suggesting measured rather than strong conviction. UBS Group stock recommendations
• Negative Sentiment: Investors may question the durability of the sales rebound: transaction growth is slowing, and store closures contributed to the comparison, potentially making the reported improvement harder to sustain. Starbucks' U.S. Comps Jump 7.7%: Can Traffic Momentum Last?

Starbucks Profile

Starbucks Corporation is a global coffee company that roasts, markets and sells coffee and other beverages, along with food and related merchandise. Its offerings include brewed coffee, espresso-based drinks, teas and packaged coffee products.

The company serves customers through company-operated and licensed stores, as well as through retail and food-service partnerships. Its stores also sell items such as mugs and coffee-making equipment.

Founded in Seattle in 1971, Starbucks operates in North America and international markets, including China.

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