CIBC Asset Management Inc Buys 122,064 Shares of Starbucks Corporation $SBUX

CIBC Asset Management Inc grew its stake in shares of Starbucks Corporation (NASDAQ:SBUX) by 31.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 504,282 shares of the coffee company’s stock after acquiring an additional 122,064 shares during the quarter. CIBC Asset Management Inc’s holdings in Starbucks were worth $42,466,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Bank of New York Mellon Corp boosted its position in shares of Starbucks by 3.4% during the fourth quarter. Bank of New York Mellon Corp now owns 8,138,132 shares of the coffee company’s stock valued at $685,312,000 after buying an additional 263,903 shares during the last quarter. Rational Advisors Inc. purchased a new stake in shares of Starbucks during the fourth quarter valued at $1,339,000. Natixis Advisors LLC boosted its position in shares of Starbucks by 20.6% during the fourth quarter. Natixis Advisors LLC now owns 1,755,643 shares of the coffee company’s stock valued at $147,843,000 after buying an additional 300,404 shares during the last quarter. Beto Financial Group LLC purchased a new stake in shares of Starbucks during the fourth quarter valued at $241,000. Finally, AXQ Capital LP purchased a new stake in shares of Starbucks during the fourth quarter valued at $265,000. 72.29% of the stock is currently owned by institutional investors.

Insider Transactions at Starbucks

In other news, CEO Brady Brewer sold 2,229 shares of Starbucks stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $104.81, for a total transaction of $233,621.49. Following the transaction, the chief executive officer directly owned 81,559 shares of the company’s stock, valued at $8,548,198.79. The trade was a 2.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sara Kelly sold 2,000 shares of Starbucks stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $105.00, for a total value of $210,000.00. Following the transaction, the executive vice president directly owned 57,653 shares in the company, valued at approximately $6,053,565. The trade was a 3.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 7,046 shares of company stock worth $708,911. Insiders own 0.03% of the company’s stock.

Starbucks Stock Performance

Shares of NASDAQ:SBUX opened at $95.89 on Thursday. The stock has a market capitalization of $109.29 billion, a price-to-earnings ratio of 72.64, a PEG ratio of 1.88 and a beta of 0.98. The stock’s 50-day simple moving average is $99.15 and its two-hundred day simple moving average is $94.03. Starbucks Corporation has a 52-week low of $77.99 and a 52-week high of $108.88.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Tuesday, April 28th. The coffee company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.06. The business had revenue of $9.53 billion for the quarter, compared to analysts’ expectations of $9.17 billion. Starbucks had a negative return on equity of 29.24% and a net margin of 3.89%.The business’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period last year, the firm posted $0.41 earnings per share. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. As a group, equities analysts forecast that Starbucks Corporation will post 2.42 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, May 15th. Starbucks’s payout ratio is presently 187.88%.

Analyst Upgrades and Downgrades

Several research firms recently commented on SBUX. UBS Group cut Starbucks from a “neutral” rating to a “neutral” rating in a research report on Thursday, May 14th. Citizens Jmp began coverage on Starbucks in a research report on Monday, March 30th. They set an “underperform” rating and a $84.00 price objective on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Starbucks in a research report on Wednesday, April 22nd. Wolfe Research began coverage on Starbucks in a research report on Monday, March 9th. They set a “peer perform” rating on the stock. Finally, TD Cowen raised Starbucks from a “hold” rating to a “buy” rating and increased their price objective for the company from $106.00 to $120.00 in a research report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $107.48.

Starbucks News Summary

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Starbucks has fallen sharply in recent weeks, which has pushed the stock into oversold territory; that can sometimes set up a rebound if selling pressure fades. Wall Street analysts are also raising earnings estimates, adding to the case for a trend reversal. After Plunging 9.0% in 4 Weeks, Here’s Why the Trend Might Reverse for Starbucks (SBUX)
• Positive Sentiment: Analysts and market commentary remain generally constructive, citing strong institutional ownership, a consensus price target above the current trading level, and the idea that Starbucks’ turnaround has already produced an earnings beat. Starbucks Stock (NASDAQ:SBUX) Rises Along With Nostalgic Menu Concerns
• Positive Sentiment: Starbucks is leaning into nostalgia-driven menu changes, including the return of fan favorites, as part of its “Back to Starbucks” strategy to strengthen customer loyalty and traffic. How Starbucks plans to boost the afternoon business
• Neutral Sentiment: The company announced CEO Brian Niccol will speak at Evercore’s Consumer and Retail Conference on June 9, which is mainly an investor-relations update unless management offers new strategic details. Starbucks to Participate in the 6th Annual Evercore Consumer and Retail Conference
• Neutral Sentiment: Broader coverage comparing Starbucks with other consumer stocks suggests the shares have held up better than much of the industry over the past year, but this is more of a relative-performance note than a direct catalyst. How Is Starbucks’ Stock Performance Compared to Other Consumer Discretionary Stocks?
• Negative Sentiment: One consumer-retail article warns that over-expansion can hurt retailers, a theme that could matter for Starbucks if investors worry about store density or slowing returns from growth. Too Close for Comfort: How Over-Expansion Is Hurting Major Retailers

About Starbucks

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.