882,050 Shares of Starbucks Corporation $SBUX Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new stake in Starbucks Corporation (NASDAQ:SBUX) during the third quarter, HoldingsChannel.com reports. The fund bought 882,050 shares of the coffee company’s stock, valued at approximately $82,877,000.

Several other hedge funds also recently modified their holdings of SBUX. Northern Financial Advisors Inc boosted its stake in shares of Starbucks by 81.3% during the 3rd quarter. Northern Financial Advisors Inc now owns 8,873 shares of the coffee company’s stock worth $834,000 after purchasing an additional 3,979 shares during the last quarter. Stevens Capital Partners raised its position in shares of Starbucks by 12.2% in the third quarter. Stevens Capital Partners now owns 3,508 shares of the coffee company’s stock valued at $330,000 after buying an additional 382 shares during the last quarter. ProShare Advisors LLC raised its position in shares of Starbucks by 3.9% in the third quarter. ProShare Advisors LLC now owns 1,279,583 shares of the coffee company’s stock valued at $120,230,000 after buying an additional 47,515 shares during the last quarter. Vise Technologies Inc. raised its position in shares of Starbucks by 25.5% in the third quarter. Vise Technologies Inc. now owns 50,170 shares of the coffee company’s stock valued at $4,714,000 after buying an additional 10,206 shares during the last quarter. Finally, Investment Partners LTD. purchased a new position in shares of Starbucks during the third quarter valued at approximately $288,000. 72.29% of the stock is owned by institutional investors and hedge funds.

Starbucks Stock Performance

SBUX opened at $103.67 on Friday. The company’s 50 day simple moving average is $99.26 and its 200 day simple moving average is $99.70. Starbucks Corporation has a 1 year low of $77.99 and a 1 year high of $110.51. The stock has a market capitalization of $118.18 billion, a PE ratio of 46.91, a P/E/G ratio of 1.57 and a beta of 0.98.

Starbucks (NASDAQ:SBUX) last released its earnings results on Thursday, October 29th. The coffee company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.08. Starbucks had a net margin of 6.66% and a negative return on equity of 38.01%. The firm had revenue of $9.14 billion during the quarter, compared to the consensus estimate of $9.22 billion. During the same period in the previous year, the firm earned $0.52 earnings per share. Starbucks’s revenue was down 4.5% compared to the same quarter last year. As a group, sell-side analysts expect that Starbucks Corporation will post 3.21 earnings per share for the current fiscal year.

Starbucks Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Friday, November 13th will be issued a $0.63 dividend. 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 112.22%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SBUX. Gordon Haskett raised their target price on shares of Starbucks from $110.00 to $118.00 and gave the stock a “hold” rating in a research report on Thursday, July 30th. William Blair reaffirmed an “outperform” rating on shares of Starbucks in a research note on Friday. Weiss Ratings upgraded Starbucks from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, October 16th. Piper Sandler increased their price target on Starbucks from $110.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Finally, Rothschild & Co Redburn increased their price target on Starbucks from $81.00 to $82.00 and gave the stock a “sell” rating in a research note on Wednesday, September 30th. Twenty-three analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, Starbucks has an average rating of “Hold” and an average price target of $110.53.

Key Stories Impacting Starbucks

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

Insider Buying and Selling at Starbucks

In other news, CEO Brady Brewer sold 2,229 shares of the business’s stock in a transaction 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 completion of the sale, the chief executive officer directly owned 73,149 shares of the company’s stock, valued at $7,724,534.40. The trade was a 2.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 valued at $685,935. 0.03% of the stock is owned by company insiders.

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.