28,922 Starbucks Corporation $SBUX Shares Purchased by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. lifted its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 10.5% in the third quarter, HoldingsChannel.com reports. The firm owned 303,491 shares of the coffee company’s stock after purchasing an additional 28,922 shares during the period. Rakuten Investment Management Inc.’s holdings in Starbucks were worth $28,962,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Robinhood Asset Management LLC bought a new stake in Starbucks during the 2nd quarter valued at approximately $10,187,000. Nykredit A S purchased a new position in Starbucks in the second quarter worth about $29,524,000. The Manufacturers Life Insurance Company bought a new position in shares of Starbucks during the 2nd quarter valued at approximately $61,404,000. Bank of America Corp DE purchased a new stake in shares of Starbucks in the second quarter valued at $1,581,287,000. Finally, Saudi Central Bank raised its position in Starbucks by 90.0% in the 2nd quarter. Saudi Central Bank now owns 79,751 shares of the coffee company’s stock worth $8,150,000 after purchasing an additional 37,779 shares during the period. 72.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Rothschild & Co Redburn lifted their target price on Starbucks from $81.00 to $82.00 and gave the stock a “sell” rating in a research report on Wednesday, September 30th. 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. Morgan Stanley lowered shares of Starbucks from an “overweight” rating to an “underweight” rating in a research note on Monday, August 3rd. JPMorgan Chase & Co. dropped their price objective 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. Finally, Sanford C. Bernstein lowered shares of Starbucks from an “outperform” rating to a “market perform” rating in a research note on Monday, August 3rd. Twenty-one investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $108.74.

Starbucks News Roundup

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Management outlined plans for sustained fiscal 2027 growth, pointing to stronger coffeehouse sales, digital initiatives, global expansion and cost savings as drivers of its turnaround. Starbucks Q4 Earnings Call Highlights Turnaround and 2027 Growth Plans
• Positive Sentiment: U.S. customer trends offered support: average spending per visit rose 5.2% last quarter, while management cited growth in visits and spending alongside menu, digital and service improvements. Why Morgan Stanley sees customers spending more at Starbucks
• Neutral Sentiment: Citigroup raised its price target from $104 to $107 but kept a neutral rating, signaling limited expected upside at that target. Citigroup Starbucks rating
• Neutral Sentiment: A report suggested drive-thrus could use technology to recognize returning customers, but the potential customer-service benefit remains prospective. Starbucks Stock Ticks Up as Drive-Thrus May Recognize Patrons
• Negative Sentiment: Fiscal Q4 revenue was $9.14 billion, down 4.5% year over year and below Wall Street expectations, partly reflecting slower international growth and the transition of China operations to a licensed model. Adjusted EPS of $0.80 beat estimates, while U.S. momentum and margin gains provided some offset. SBUX Q3 (fiscal Q4 2026) deep dive
• Negative Sentiment: Stephens initiated coverage with an equal-weight rating and a $39 price target, far below the shares’ recent trading level; the unusually wide gap is a notable bearish signal for sentiment. Stephens Starbucks rating

Starbucks Stock Up 0.4%

Starbucks stock opened at $104.77 on Wednesday. The stock has a 50-day moving average price of $99.15 and a 200 day moving average price of $99.84. The company has a market capitalization of $119.44 billion, a price-to-earnings ratio of 47.41, a price-to-earnings-growth ratio of 1.73 and a beta of 1.01. Starbucks Corporation has a 52 week low of $77.99 and a 52 week high of $110.51.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Thursday, October 29th. The coffee company reported $0.80 EPS for the quarter, beating the consensus estimate 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 business’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.52 EPS. Research analysts anticipate that Starbucks Corporation will post 3.22 EPS for the current fiscal year.

Starbucks Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Friday, November 13th will be given a dividend of $0.63 per share. This is a boost 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%. The ex-dividend date is Friday, November 13th. Starbucks’s payout ratio is presently 112.22%.

Insider Transactions at Starbucks

In other Starbucks news, CEO Brady Brewer sold 2,229 shares of the company’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of $105.60, for a total value of $235,382.40. Following the sale, the chief executive officer directly owned 73,149 shares of the company’s stock, valued at approximately $7,724,534.40. This represents a 2.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 three months. Insiders own 0.03% of the company’s stock.

Starbucks Company 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.