Great Lakes Retirement Inc. Buys 26,368 Shares of Starbucks Corporation $SBUX

Great Lakes Retirement Inc. bought a new stake in shares of Starbucks Corporation (NASDAQ:SBUX) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 26,368 shares of the coffee company’s stock, valued at approximately $2,478,000.

Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in Starbucks in the 2nd quarter worth about $8,504,509,000. State Street Corp lifted 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 valued at $5,033,907,000 after buying an additional 1,530,497 shares in the last quarter. Bank of America Corp DE bought a new stake in Starbucks during the 2nd quarter valued at about $1,581,287,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Starbucks by 26.2% in 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 valued at $869,277,000 after buying an additional 1,767,530 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in Starbucks in the 2nd quarter valued at about $779,790,000. 72.29% of the stock is currently owned by institutional investors.

More Starbucks News

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Analysts expect stronger U.S. comparable-store sales, cost-saving initiatives and Starbucks’ shift toward a licensed-store model in China to support fiscal fourth-quarter results. These factors could improve margins and earnings, though execution will be closely scrutinized. Starbucks Q4 earnings preview
• Positive Sentiment: Bank of America Securities issued a Buy rating on Starbucks, adding an optimistic Wall Street signal as the company works through its turnaround. Bank of America Buy rating
• Positive Sentiment: Starbucks raised its dividend again, extending a streak that began in 2010. The annual payout is estimated at nearly $2.9 billion, reinforcing the stock’s appeal to income-oriented investors despite the modest size of the increase. Starbucks dividend increase
• Positive Sentiment: Recent earnings comparisons portray Starbucks as one of the stronger performers among traditional fast-food companies, supporting the view that its operating recovery is gaining traction. Starbucks Q2 earnings recap
• Neutral Sentiment: Coverage points to a possible strategy reset focused on growth, including store economics, international operations and customer traffic. Investors are awaiting management’s details and financial targets before assigning full credit to the plan. Starbucks growth strategy
• Neutral Sentiment: The announcement of the 2026 Red Cup Day promotional event may support seasonal traffic, but the stock’s reaction suggests investors are focused more on earnings and the broader turnaround than on marketing events. Starbucks Red Cup Day announcement
• Negative Sentiment: Starbucks is closing five additional coffeehouses and two airport locations, with related job losses. The closures may improve the portfolio over time but highlight ongoing operating and traffic challenges. Starbucks store closures
• Negative Sentiment: At roughly $103 per share, Starbucks trades at a high earnings multiple, leaving limited room for disappointment if comparable sales, margins or fiscal 2027 guidance fall short. Starbucks earnings expectations

Starbucks Price Performance

SBUX stock opened at $103.04 on Wednesday. Starbucks Corporation has a 1-year low of $77.99 and a 1-year high of $110.51. The business has a 50-day moving average price of $99.31 and a 200 day moving average price of $99.48. The company has a market capitalization of $117.47 billion, a P/E ratio of 59.22 and a beta of 0.98.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Wednesday, July 29th. The coffee company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.19. The business had revenue of $9.32 billion for the quarter, compared to the consensus estimate of $9.17 billion. The firm’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.50 earnings per share. On average, analysts anticipate that Starbucks Corporation will post 2.65 earnings per share for the current fiscal year.

Starbucks Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Friday, November 13th will be issued a $0.63 dividend. The ex-dividend date is Friday, November 13th. This represents a $2.52 annualized dividend and a dividend yield of 2.4%. This is an increase from Starbucks’s previous quarterly dividend of $0.62. Starbucks’s dividend payout ratio (DPR) is presently 144.83%.

Wall Street Analyst Weigh In

SBUX has been the topic of a number of research analyst reports. Seaport Research Partners began coverage on shares of Starbucks in a research note on Wednesday, September 16th. They issued a “neutral” rating on the stock. BMO Capital Markets reaffirmed an “outperform” rating and set a $130.00 target price (up from $120.00) on shares of Starbucks in a research report on Thursday, July 30th. Gordon Haskett lifted their price target on shares of Starbucks from $110.00 to $118.00 and gave the company a “hold” rating in a research note on Thursday, July 30th. Guggenheim began coverage on Starbucks in a report on Monday, August 3rd. They issued a “buy” rating for the company. Finally, CICC Research boosted their price target on Starbucks from $95.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Twenty-four research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, Starbucks presently has an average rating of “Moderate Buy” and an average target price of $110.14.

Insider Activity at Starbucks

In related news, CEO Brady Brewer sold 588 shares of Starbucks stock in a transaction that occurred on Tuesday, October 20th. The shares were sold at an average price of $100.00, for a total transaction of $58,800.00. Following the transaction, the chief executive officer directly owned 70,920 shares of the company’s stock, valued at $7,092,000. This trade represents a 0.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 6,687 shares of company stock valued at $685,935. Insiders own 0.03% of the company’s stock.

Starbucks Profile

Starbucks Corporation is a global specialty coffee company headquartered in Seattle, Washington. Founded in 1971, the company operates and licenses coffeehouses under the Starbucks brand, serving brewed coffee, espresso beverages, teas, cold drinks, food, and other ready-to-consume products.

In addition to its company-operated and licensed stores, Starbucks sells packaged coffee, tea, and single-serve products through grocery retailers, convenience stores, and other distribution channels.