Starbucks Corporation $SBUX Stock Sold by AIA Group Ltd

Key Points

• AIA Group cut its Starbucks stake by 19.4% in the third quarter, selling 16,948 shares and retaining 70,465 shares valued at about $6.6 million.
• Starbucks reported quarterly EPS of $0.80, beating the $0.72 estimate, but revenue fell 4.5% year over year to $9.14 billion and missed forecasts.
• The company raised its quarterly dividend from $0.62 to $0.63 per share; shares recently reached a 52-week high of $110.51.

AIA Group Ltd reduced its position in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) by 19.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 70,465 shares of the coffee company's stock after selling 16,948 shares during the quarter. AIA Group Ltd's holdings in Starbucks were worth $6,621,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Starbucks during the 2nd quarter worth $8,504,509,000. State Street Corp increased its stake 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 period. Bank of America Corp DE purchased a new position in shares of Starbucks during the second quarter valued at $1,581,287,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Starbucks by 26.2% during 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 valued at $869,277,000 after buying an additional 1,767,530 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in shares of Starbucks in the second quarter valued at about $779,790,000. 72.29% of the stock is owned by institutional investors.

Key Starbucks News

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Starbucks reached a fresh 52-week high, reflecting strong investor demand. Restaurant stocks broadly advanced as well, providing a sector tailwind. Starbucks Reaches a Fresh 52-Week High at $109.70
• Positive Sentiment: Quarterly EPS rose 54% year over year to $0.80, beating the $0.72 consensus. Commentary highlighted improving coffeehouse sales, higher U.S. customer spending per visit, digital initiatives and cost savings as drivers of a potential recovery. Starbucks Served Up a 54% Earnings Jump Why Morgan Stanley sees customers spending more at Starbucks
• Neutral Sentiment: The China business is shifting to a licensed joint-venture model, changing how revenue is recorded. Starbucks says it is pursuing cost savings and margin improvement, but the transition complicates comparisons. Is China Licensing Shift Altering The Investment Case For Starbucks?
• Negative Sentiment: Revenue fell 4.5% year over year to $9.14 billion and missed analyst estimates. Management expects consolidated revenue to decline about 1% in fiscal 2027, partly because of the China licensing change and the calendar effect of a 53rd week. SBUX Q3 (fiscal Q4 2026) deep dive

Insider Activity at Starbucks

In other news, CEO Brady Brewer sold 588 shares of the stock in a transaction on Tuesday, October 20th. The stock was 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 in the company, valued at approximately $7,092,000. This represents a 0.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 4,458 shares of company stock worth $449,684. Corporate insiders own 0.03% of the company's stock.

Analyst Upgrades and Downgrades

SBUX has been the subject of a number of research reports. Raymond James Financial reaffirmed an "outperform" rating on shares of Starbucks in a research note on Friday, October 9th. Weiss Ratings lowered shares of Starbucks from a "hold (c+)" rating to a "hold (c)" rating in a report on Tuesday. Melius Research set a $110.00 price target on shares of Starbucks in a report on Monday, August 3rd. Wells Fargo & Company lowered their price target on shares of Starbucks from $125.00 to $120.00 and set an "overweight" rating for the company in a research report on Wednesday, October 21st. Finally, Rothschild & Co Redburn increased their price objective on shares of Starbucks from $81.00 to $82.00 and gave the company a "sell" rating in a research note on Wednesday, September 30th. Twenty-one equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $108.74.

Starbucks Stock Up 4.7%

Shares of Starbucks stock opened at $109.70 on Thursday. The firm's 50 day moving average price is $99.23 and its 200-day moving average price is $99.92. Starbucks Corporation has a 52-week low of $79.04 and a 52-week high of $110.51. The company has a market cap of $125.06 billion, a P/E ratio of 49.64, a PEG ratio of 1.73 and a beta of 1.01.

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

Starbucks Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, November 13th. This is a boost from Starbucks's previous quarterly dividend of $0.62. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.3%. Starbucks's payout ratio is currently 112.22%.

Starbucks Profile

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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