Starbucks Corporation $SBUX Stock Sold by Grandfield & Dodd LLC

Grandfield & Dodd LLC trimmed its position in Starbucks Corporation (NASDAQ:SBUX) by 13.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 47,573 shares of the coffee company’s stock after selling 7,464 shares during the period. Grandfield & Dodd LLC’s holdings in Starbucks were worth $4,470,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Investment Partners LTD. purchased a new position in Starbucks during the 3rd quarter valued at about $288,000. Summit Global Investments lifted its holdings in Starbucks by 99.8% in the 3rd quarter. Summit Global Investments now owns 6,608 shares of the coffee company’s stock worth $621,000 after buying an additional 3,300 shares during the period. MGO One Seven LLC lifted its holdings in Starbucks by 17.3% in the 3rd quarter. MGO One Seven LLC now owns 39,536 shares of the coffee company’s stock worth $3,715,000 after buying an additional 5,823 shares during the period. State of Wyoming bought a new stake in shares of Starbucks in the 3rd quarter worth approximately $184,000. Finally, Raleigh Capital Management Inc. grew its position in shares of Starbucks by 7,153.8% in the 3rd quarter. Raleigh Capital Management Inc. now owns 1,886 shares of the coffee company’s stock worth $177,000 after buying an additional 1,860 shares during the last quarter. 72.29% of the stock is currently owned by institutional investors.

Insider Activity at Starbucks

In other news, CEO Brady Brewer sold 588 shares of the company’s stock in a transaction dated Tuesday, October 20th. The shares were sold at an average price of $100.00, for a total value of $58,800.00. Following the sale, the chief executive officer directly owned 70,920 shares of the company’s stock, valued at $7,092,000. This represents a 0.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 6,687 shares of company stock worth $685,935. Insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SBUX. JPMorgan Chase & Co. reduced their target price on Starbucks from $112.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 29th. Mizuho dropped their price target on Starbucks from $115.00 to $105.00 and set a “neutral” rating for the company in a research note on Friday, October 23rd. KeyCorp reiterated a “sector weight” rating on shares of Starbucks in a report on Friday. TD Cowen reissued a “buy” rating and set a $120.00 price objective on shares of Starbucks in a research report on Friday. Finally, UBS Group restated a “neutral” rating and issued a $105.00 price objective (down from $112.00) on shares of Starbucks in a report on Thursday, October 8th. Twenty-three research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $110.53.

More Starbucks News

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Starbucks reported fiscal fourth-quarter adjusted EPS of $0.80, above the approximately $0.72 consensus. Adjusted operating margin expanded by roughly 450 basis points to 14% as sales leverage, cost savings and lower labor-related expenses supported profitability. Starbucks posts slight revenue miss and earnings beat
• Positive Sentiment: U.S. comparable sales increased 7.7%, ahead of management’s target, helped by higher average tickets, product mix, food attachments and improving customer traffic. Management said the turnaround is transitioning into a growth plan. Starbucks strong comps driven by ticket growth
• Positive Sentiment: Analysts remain constructive, with BTIG reaffirming a Buy rating and a $115 target, while Bank of America raised its target to $141. Starbucks also plans to test AI-powered drive-through tools, renovate more than 2,000 North American stores and add about 1,200 locations globally. Analyst raises Starbucks price target
• Neutral Sentiment: Management said Starbucks could eventually become a multibrand company and sees room for substantial international and North American expansion, but acquisitions are not currently the focus. Execution on store improvements and service remains the near-term priority. Starbucks CEO discusses future acquisitions
• Negative Sentiment: Revenue fell about 4.5% to $9.14 billion, missing estimates near $9.22 billion. The decline largely reflects Starbucks’ shift of nearly 8,000 China stores to a licensed joint venture, but international comparable sales and transactions remained weak. Starbucks international business disappoints
• Negative Sentiment: Fiscal 2027 guidance calls for roughly 4% North American comparable-sales growth, below fiscal 2026’s 6.6%, while revenue is expected to decline about 1%. Fourth-quarter ticket growth outpaced transaction growth, raising concerns that future gains may rely more on pricing and larger orders than on customer visits. Starbucks margins jump as store visits slow

Starbucks Stock Down 1.7%

SBUX opened at $103.67 on Friday. Starbucks Corporation has a 52 week low of $77.99 and a 52 week high of $110.51. The stock has a market cap of $118.18 billion, a PE ratio of 46.91, a PEG ratio of 1.57 and a beta of 0.98. The business has a 50 day moving average of $99.26 and a 200-day moving average of $99.70.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Thursday, October 29th. The coffee company reported $0.80 earnings per share for the quarter, topping the consensus estimate 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 38.01% and a net margin of 6.66%. The firm’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.52 earnings per share. Equities analysts anticipate that Starbucks Corporation will post 3.21 EPS for the current year.

Starbucks Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Friday, November 13th will be issued a dividend of $0.63 per share. This is a boost from Starbucks’s previous quarterly dividend of $0.62. The ex-dividend date is Friday, November 13th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.4%. Starbucks’s dividend payout ratio (DPR) is presently 112.22%.

About Starbucks

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.