Starbucks Corporation $SBUX Holdings Raised by Calamos Advisors LLC

Calamos Advisors LLC lifted its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 1.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 401,715 shares of the coffee company’s stock after acquiring an additional 5,262 shares during the quarter. Calamos Advisors LLC’s holdings in Starbucks were worth $37,745,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SBUX. BlackRock Inc. bought a new stake in shares of Starbucks in the second quarter valued at about $8,504,509,000. State Street Corp grew its holdings in Starbucks by 3.2% during the 2nd quarter. State Street Corp now owns 49,260,268 shares of the coffee company’s stock worth $5,033,907,000 after acquiring an additional 1,530,497 shares in the last quarter. Bank of America Corp DE bought a new position in Starbucks during the 2nd quarter worth about $1,581,287,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Starbucks by 26.2% during the 2nd 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 worth $869,277,000 after acquiring an additional 1,767,530 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in Starbucks during the 2nd quarter valued at about $779,790,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

More Starbucks News

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 Stock Performance

SBUX stock traded down $0.75 during trading on Friday, reaching $105.41. 7,780,544 shares of the company traded hands, compared to its average volume of 10,129,277. Starbucks Corporation has a 12 month low of $81.76 and a 12 month high of $111.50. The business has a 50 day simple moving average of $99.15 and a 200 day simple moving average of $100.05. The company has a market capitalization of $120.17 billion, a price-to-earnings ratio of 47.70, a price-to-earnings-growth ratio of 1.73 and a beta of 1.01.

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

Starbucks Increases Dividend

The company 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 $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, November 13th. This is an increase from Starbucks’s previous quarterly dividend of $0.62. Starbucks’s payout ratio is presently 112.22%.

Insider Activity

In related news, CEO Brady Brewer sold 2,229 shares of the business’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 completion of the transaction, the chief executive officer owned 73,149 shares in the company, valued at $7,724,534.40. The trade was a 2.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 4,458 shares of company stock valued at $449,684. 0.03% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

SBUX has been the subject of several recent research reports. Argus boosted their price target on shares of Starbucks from $112.00 to $120.00 and gave the company a “buy” rating in a report on Friday, July 31st. Seaport Research Partners assumed coverage on shares of Starbucks in a research report on Wednesday, September 16th. They issued a “neutral” rating for the company. TD Cowen reiterated a “buy” rating and set a $120.00 price objective on shares of Starbucks in a research note on Friday, October 30th. Evercore reiterated an “outperform” rating on shares of Starbucks in a research note on Friday, October 30th. Finally, Piper Sandler lifted their price objective on shares of Starbucks from $110.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. Twenty-one analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $108.89.

About Starbucks

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.