Community Bank N.A. Lowers Position in Starbucks Corporation $SBUX

Community Bank N.A. cut its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 29.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,064 shares of the coffee company’s stock after selling 5,739 shares during the quarter. Community Bank N.A.’s holdings in Starbucks were worth $1,184,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Collier Financial purchased a new position in Starbucks during the third quarter valued at $25,000. Rachor Investment Advisory Services LLC purchased a new stake in shares of Starbucks in the 4th quarter worth about $25,000. Y.D. More Investments Ltd bought a new position in shares of Starbucks in the 3rd quarter worth about $26,000. JPL Wealth Management LLC purchased a new position in Starbucks during the 3rd quarter valued at about $27,000. Finally, Kelleher Financial Advisors purchased a new position in Starbucks during the 3rd quarter valued at about $27,000. Institutional investors own 72.29% of the company’s stock.

Key Starbucks News

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Stifel reiterated a Buy rating on Starbucks and raised its price target to $117 from $115, reinforcing confidence in the company’s turnaround and earnings outlook. Stifel Reaffirms Bullish View on Starbucks Corporation (SBUX)
• Positive Sentiment: Reports that Starbucks is opening hundreds of new stores, alongside a possible $30 million Tennessee incentive tied to its Nashville corporate office, suggest continued growth and investment in the business. Dollar Tree and Starbucks are suddenly opening hundreds of new stores as retail doom stories pile up Tennessee lawmakers debate $30M incentive deal with Starbucks
• Neutral Sentiment: A joint venture completed a $161 million refinancing of a Manhattan property fully leased to Starbucks, which is supportive of the company’s real estate footprint but not a major direct earnings driver. Vornado JV Completes $161 Million Refinancing of 61 Ninth Avenue
• Negative Sentiment: Starbucks cut 61 technology jobs in Seattle as part of a reorganization, underscoring ongoing cost-cutting and restructuring pressures. Starbucks cuts 61 technology jobs in Seattle
• Negative Sentiment: Rising coffee prices are pressuring margins across chains including Starbucks, and the company is being cautious about passing higher costs to consumers. Coffee prices keep rising, and chains like Dutch Bros are swallowing most of the costs

Insider Buying and Selling at Starbucks

In other news, EVP Sara Kelly sold 2,500 shares of the company’s 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 transaction, the executive vice president directly owned 59,609 shares of the company’s stock, valued at $5,789,226.08. This represents a 4.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Brady Brewer sold 2,229 shares of the stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $104.81, for a total value of $233,621.49. Following the sale, the chief executive officer directly owned 81,559 shares in the company, valued at $8,548,198.79. This trade represents a 2.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 11,187 shares of company stock valued at $1,111,085 in the last 90 days. Company insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on SBUX. Sanford C. Bernstein restated an “outperform” rating on shares of Starbucks in a report on Wednesday, March 4th. UBS Group reissued a “neutral” rating and issued a $105.00 price target (up from $100.00) on shares of Starbucks in a research report on Wednesday, April 29th. Morgan Stanley upped their price target on Starbucks from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. New Street Research set a $90.00 price objective on Starbucks in a research report on Tuesday, January 27th. Finally, Evercore lifted their price objective on Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Sixteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $107.00.

Starbucks Stock Performance

Shares of NASDAQ SBUX opened at $106.58 on Wednesday. The firm’s 50 day moving average price is $97.53 and its 200-day moving average price is $91.97. Starbucks Corporation has a 52-week low of $77.99 and a 52-week high of $108.04. The company has a market cap of $121.47 billion, a PE ratio of 80.74, a P/E/G ratio of 2.14 and a beta of 1.01.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Tuesday, April 28th. The coffee company reported $0.50 earnings per share for the quarter, beating 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 company had revenue of $9.53 billion during the quarter, compared to the consensus estimate of $9.17 billion. During the same quarter last year, the firm earned $0.41 earnings per share. The firm’s quarterly 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. On average, analysts forecast that Starbucks Corporation will post 2.41 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The firm 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 $0.62 dividend. The ex-dividend date is Friday, May 15th. This represents a $2.48 annualized dividend and a dividend yield of 2.3%. Starbucks’s payout ratio is currently 187.88%.

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.