Janus Henderson Group PLC Sells 7,108 Shares of Starbucks Corporation $SBUX

Janus Henderson Group PLC cut its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 4.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 142,842 shares of the coffee company’s stock after selling 7,108 shares during the period. Janus Henderson Group PLC’s holdings in Starbucks were worth $12,795,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in SBUX. Vanguard Group Inc. boosted its position in shares of Starbucks by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 114,410,675 shares of the coffee company’s stock valued at $9,634,523,000 after buying an additional 971,773 shares during the period. Capital World Investors raised its holdings in shares of Starbucks by 9.0% in the fourth quarter. Capital World Investors now owns 84,727,405 shares of the coffee company’s stock worth $7,135,228,000 after buying an additional 7,007,268 shares during the period. State Street Corp raised its holdings in shares of Starbucks by 0.7% in the fourth quarter. State Street Corp now owns 47,869,056 shares of the coffee company’s stock worth $4,031,053,000 after buying an additional 327,161 shares during the period. Geode Capital Management LLC lifted its stake in shares of Starbucks by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 26,373,084 shares of the coffee company’s stock worth $2,212,153,000 after acquiring an additional 225,168 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its stake in shares of Starbucks by 65.9% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 19,447,854 shares of the coffee company’s stock worth $1,637,704,000 after acquiring an additional 7,725,547 shares during the last quarter. 72.29% of the stock is currently owned by institutional investors.

Starbucks News Roundup

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Improving traffic and earnings: Starbucks reported quarterly earnings of $0.85 per share, well above the $0.66 consensus estimate, while revenue of $9.32 billion also exceeded expectations. Management cited broader traffic gains, faster service and store upgrades as drivers of the recovery. Can Starbucks’ Raised 2026 Outlook Drive a Durable Earnings Recovery?
• Positive Sentiment: Higher fiscal 2026 outlook: Starbucks raised its fiscal 2026 earnings guidance to approximately $2.55-$2.65 per share. The upgrade reinforces expectations for a durable earnings recovery if sales momentum and margin improvement continue. SBUX Q3 Earnings Call Highlights Durable Traffic Recovery
• Positive Sentiment: Seasonal product launch: The Pumpkin Spice Latte will return this month alongside new fall beverages, food and merchandise. The promotion could boost customer visits and average spending during an important seasonal period. Starbucks announces Pumpkin Spice Latte return date
• Positive Sentiment: Analyst support: Melius Research upgraded SBUX from Sell to Hold after the strong quarterly results, while BTIG reiterated its Buy rating, reducing immediate bearish pressure.
• Neutral Sentiment: Store portfolio changes: Starbucks may close underperforming locations as it reshapes its large store base. Closures could improve efficiency and profitability, but they also highlight ongoing cost and traffic challenges. Starbucks CEO says your local store may not survive
• Negative Sentiment: Valuation and competition remain concerns: Analysts argue that much of the recovery is already reflected in the share price, with Starbucks trading at a high earnings multiple. Rivals such as Dutch Bros are competing for growth, while Starbucks must sustain traffic gains and control costs to justify its premium valuation. Starbucks is recovering, but the stock looks fully priced

Starbucks Stock Performance

NASDAQ:SBUX opened at $104.97 on Wednesday. The firm has a 50-day simple moving average of $102.31 and a 200-day simple moving average of $99.33. Starbucks Corporation has a one year low of $77.99 and a one year high of $109.23. The firm has a market cap of $119.67 billion, a P/E ratio of 60.33, a P/E/G ratio of 1.78 and a beta of 0.97.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Wednesday, July 29th. The coffee company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.19. The company had revenue of $9.32 billion for the quarter, compared to analyst estimates of $9.17 billion. Starbucks had a net margin of 5.17% and a negative return on equity of 34.10%. Starbucks’s revenue was down 1.4% compared to the same quarter last year. During the same period last year, the company posted $0.50 earnings per share. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. On average, research analysts predict that Starbucks Corporation will post 2.64 EPS for the current fiscal year.

Starbucks Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, August 14th. Starbucks’s dividend payout ratio is 142.53%.

Insiders Place Their Bets

In related news, CEO Brady Brewer sold 2,229 shares of the firm’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $104.00, for a total transaction of $231,816.00. Following the sale, the chief executive officer owned 77,364 shares of the company’s stock, valued at $8,045,856. This trade represents a 2.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 4,458 shares of company stock worth $445,412 over the last 90 days. 0.03% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have commented on SBUX shares. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $115.00 price objective (up from $110.00) on shares of Starbucks in a research report on Thursday, July 30th. Zacks Research downgraded Starbucks from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Sanford C. Bernstein lowered shares of Starbucks from an “outperform” rating to a “market perform” rating in a research note on Monday. BMO Capital Markets restated an “outperform” rating and issued a $130.00 price target on shares of Starbucks in a report on Thursday, July 30th. Finally, Scotiabank downgraded shares of Starbucks from a “market perform” rating to an “underperform” rating in a research note on Thursday, May 14th. Nineteen analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $111.96.

Starbucks Company Profile

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.