Starbucks Corporation $SBUX Stock: Narwhal Capital Management Cuts Position

Narwhal Capital Management lessened its stake in shares of Starbucks Corporation (NASDAQ:SBUX) by 8.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,176 shares of the coffee company’s stock after selling 5,098 shares during the period. Narwhal Capital Management’s holdings in Starbucks were worth $5,466,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. bought a new position in shares of Starbucks during the second quarter valued at $25,000. Black Cypress Capital Management LLC bought a new position in Starbucks in the 2nd quarter worth about $27,000. Center for Financial Planning Inc. boosted its stake in Starbucks by 125.2% in the 3rd quarter. Center for Financial Planning Inc. now owns 295 shares of the coffee company’s stock worth $28,000 after purchasing an additional 164 shares in the last quarter. John Boyer Inc. bought a new position in Starbucks in the 3rd quarter worth about $31,000. Finally, William Mack & Associates Inc. purchased a new stake in Starbucks during the 3rd quarter valued at about $31,000. Institutional investors own 72.29% of the company’s stock.

Starbucks Stock Performance

SBUX stock opened at $109.95 on Wednesday. The company has a market cap of $125.34 billion, a price-to-earnings ratio of 49.75, a P/E/G ratio of 1.81 and a beta of 1.01. The business’s 50-day moving average is $99.25 and its two-hundred day moving average is $100.18. Starbucks Corporation has a fifty-two week low of $81.97 and a fifty-two week high of $111.50.

Starbucks (NASDAQ:SBUX) last announced 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 business 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%. The firm’s revenue was down 4.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.52 earnings per share. Equities analysts predict that Starbucks Corporation will post 3.22 earnings per share for the current year.

Starbucks Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Friday, November 13th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $2.52 annualized dividend and a yield of 2.3%. This is an increase from Starbucks’s previous quarterly dividend of $0.62. Starbucks’s payout ratio is currently 112.22%.

Analyst Ratings Changes

SBUX has been the subject of a number of analyst reports. Bank of America restated a “buy” rating on shares of Starbucks in a research note on Monday, November 2nd. JPMorgan Chase & Co. dropped their target price on shares of Starbucks from $112.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 29th. Robert W. Baird cut 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. Guggenheim reissued a “neutral” rating and set a $103.00 price target (up from $97.00) on shares of Starbucks in a research report on Monday, November 2nd. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $115.00 price target (up from $110.00) on shares of Starbucks in a research report on Thursday, July 30th. Twenty-one analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, Starbucks presently has a consensus rating of “Hold” and an average target price of $108.83.

Insiders Place Their Bets

In other Starbucks news, CEO Brady Brewer sold 2,229 shares of the stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $110.00, for a total value of $245,190.00. Following the completion of the sale, the chief executive officer owned 68,691 shares in the company, valued at approximately $7,556,010. This represents a 3.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 6,687 shares of company stock valued at $694,874. Corporate insiders own 0.03% of the company’s stock.

Starbucks News Roundup

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Stifel resumed coverage with a Buy rating and a $115 price target, adding a bullish analyst view that helped support the stock’s recent advance. Starbucks rises as Stifel resumes coverage with Buy rating and $115 target
• Positive Sentiment: Starbucks is targeting 18% EPS growth in fiscal 2027, supported by margin expansion and cost savings, as well as an additional fiscal week. If achieved, stronger earnings could offset softer sales. Can SBUX Deliver 18% EPS Growth Despite a 1% Revenue Decline in FY27?
• Positive Sentiment: Starbucks raised its quarterly dividend to $0.63 from $0.62, a modest increase that may appeal to income-focused investors. The dividend implies a 2.3% yield at the cited share price. Starbucks insider trading report and dividend information
• Neutral Sentiment: CEO Brady Brewer sold 2,229 shares under a pre-arranged Rule 10b5-1 trading plan and retained 68,691 shares afterward. The planned sale may be less informative than an unplanned transaction. SEC insider transaction filing
• Negative Sentiment: The fiscal 2027 outlook calls for revenue to decline about 1%, making the targeted EPS growth reliant on cost savings and improved margins rather than sales growth. Execution will be important. Fiscal 2027 EPS and revenue outlook

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.