Kestra Advisory Services LLC lessened its stake in shares of Starbucks Corporation (NASDAQ:SBUX – Free Report) by 4.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 208,939 shares of the coffee company’s stock after selling 9,476 shares during the quarter. Kestra Advisory Services LLC’s holdings in Starbucks were worth $19,632,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Claro Advisors Inc. boosted its stake in Starbucks by 10.6% during the third quarter. Claro Advisors Inc. now owns 8,907 shares of the coffee company’s stock valued at $837,000 after buying an additional 851 shares during the period. Telos Capital Management Inc. increased its stake in Starbucks by 17.0% in the 3rd quarter. Telos Capital Management Inc. now owns 5,697 shares of the coffee company’s stock worth $535,000 after acquiring an additional 827 shares during the last quarter. QTR Family Wealth LLC increased its stake in Starbucks by 6.9% in the 3rd quarter. QTR Family Wealth LLC now owns 2,705 shares of the coffee company’s stock worth $254,000 after acquiring an additional 175 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Starbucks by 7.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 374,348 shares of the coffee company’s stock valued at $35,174,000 after acquiring an additional 24,564 shares in the last quarter. Finally, Wealth Dimensions Group Ltd. raised its holdings in shares of Starbucks by 12.0% in the 3rd quarter. Wealth Dimensions Group Ltd. now owns 3,050 shares of the coffee company’s stock valued at $287,000 after acquiring an additional 327 shares in the last quarter. 72.29% of the stock is currently owned by institutional investors.
Starbucks Trading Down 0.7%
SBUX opened at $105.41 on Friday. The stock has a 50-day moving average price of $99.15 and a 200-day moving average price of $100.05. Starbucks Corporation has a 12-month low of $81.76 and a 12-month high of $111.50. The stock has a market capitalization of $120.17 billion, a P/E ratio of 47.70, a PEG ratio of 1.74 and a beta of 1.01.
Starbucks (NASDAQ:SBUX – Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The coffee company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.08. The company had revenue of $9.14 billion for the quarter, compared to analysts’ expectations 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 firm posted $0.52 EPS. On average, equities research analysts predict that Starbucks Corporation will post 3.22 EPS for the current year.
Starbucks Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Friday, November 13th will be given a dividend of $0.63 per share. The ex-dividend date is Friday, November 13th. This is an increase from Starbucks’s previous quarterly dividend of $0.62. This represents a $2.52 dividend on an annualized basis and a yield of 2.4%. Starbucks’s dividend payout ratio (DPR) is 112.22%.
Insider Buying and Selling
In other Starbucks news, CEO Brady Brewer sold 2,229 shares of Starbucks 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 transaction, the chief executive officer directly owned 73,149 shares of the company’s stock, valued at approximately $7,724,534.40. This trade represents a 2.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 4,458 shares of company stock worth $449,684 in the last quarter. 0.03% of the stock is owned by company insiders.
Key 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?
Analyst Ratings Changes
A number of brokerages have recently issued reports on SBUX. Jefferies Financial Group lifted their price target on Starbucks from $95.00 to $101.00 and gave the company a “hold” rating in a research report on Thursday, July 30th. Rothschild & Co Redburn upped their price objective on shares of Starbucks from $81.00 to $82.00 and gave the stock a “sell” rating in a research report on Wednesday, September 30th. Guggenheim reaffirmed a “neutral” rating and issued a $103.00 target price (up from $97.00) on shares of Starbucks in a research note on Monday, November 2nd. UBS Group raised their target price on shares of Starbucks from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday. Finally, BTIG Research reiterated a “buy” rating and set a $115.00 target price on shares of Starbucks in a research report on Friday, October 30th. Twenty-one equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $108.89.
Check Out Our Latest Research Report on SBUX
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.
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