Resona Asset Management Co. Ltd. Has $28.67 Million Stock Holdings in Starbucks Corporation $SBUX

Resona Asset Management Co. Ltd. cut its stake in Starbucks Corporation (NASDAQ:SBUX) by 3.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 339,491 shares of the coffee company’s stock after selling 11,305 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Starbucks were worth $28,671,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of SBUX. Brighton Jones LLC raised its position in shares of Starbucks by 86.5% in the fourth quarter. Brighton Jones LLC now owns 176,722 shares of the coffee company’s stock valued at $16,126,000 after purchasing an additional 81,952 shares during the period. Schnieders Capital Management LLC. increased its stake in shares of Starbucks by 47.0% during the second quarter. Schnieders Capital Management LLC. now owns 3,642 shares of the coffee company’s stock worth $334,000 after purchasing an additional 1,164 shares during the period. Flow Traders U.S. LLC bought a new position in shares of Starbucks during the second quarter worth approximately $288,000. Gamco Investors INC. ET AL increased its stake in shares of Starbucks by 92.8% during the second quarter. Gamco Investors INC. ET AL now owns 5,225 shares of the coffee company’s stock worth $479,000 after purchasing an additional 2,515 shares during the period. Finally, NewEdge Advisors LLC increased its stake in shares of Starbucks by 7.6% during the second quarter. NewEdge Advisors LLC now owns 112,710 shares of the coffee company’s stock worth $10,328,000 after purchasing an additional 7,978 shares during the period. 72.29% of the stock is owned by institutional investors.

More Starbucks News

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Wall Street commentary remains constructive, with articles highlighting Starbucks as a potential winner after its recent run and noting that the stock is attracting attention from analysts and traders. This reflects optimism around the company’s “Back to Starbucks” turnaround and improved earnings expectations. Is Starbucks (SBUX) Still Attractive After A 27% Year To Date Share Price Climb
• Positive Sentiment: Starbucks announced a major restructuring aimed at boosting efficiency, including closing regional support offices and eliminating about 300 corporate roles as part of a broader $2 billion cost-saving effort. Investors may view the move as margin-accretive over time, despite near-term disruption. Starbucks Restructuring Tests Back To Starbucks Turnaround And Margin Hopes
• Positive Sentiment: Several market notes point to Starbucks benefiting from stronger retail spending and upbeat earnings estimate revisions, suggesting fundamentals and sentiment are improving. 5 Stocks to Boost Your Portfolio as Retail Sales Continue to Soar
• Neutral Sentiment: Coverage of Starbucks as a “trending stock” and options-market activity mainly indicates heightened investor interest rather than a clear new fundamental catalyst. Starbucks Corporation (SBUX) Is a Trending Stock: Facts to Know Before Betting on It
• Neutral Sentiment: Articles comparing Starbucks with other restaurant stocks and discussing its relative valuation suggest investors are still weighing whether the recent rally has gone too far. Better Buy: Starbucks vs. Dutch Bros Stock
• Negative Sentiment: Starbucks Korea’s country head was fired after a “Tank Day” promotion sparked public outrage over references to a brutal military crackdown, creating a reputational overhang for the brand in an important international market. Starbucks Korea head fired after ‘Tank Day’ promotion sparks public uproar

Insider Buying and Selling at Starbucks

In other news, EVP Sara Kelly sold 2,500 shares of Starbucks stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $97.12, for a total value of $242,800.00. Following the transaction, the executive vice president owned 59,609 shares in the company, valued at approximately $5,789,226.08. This trade represents a 4.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Brady Brewer sold 2,229 shares of Starbucks stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $104.81, for a total value of $233,621.49. Following the completion of the transaction, the chief executive officer owned 81,559 shares in the company, valued at approximately $8,548,198.79. The trade was a 2.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 11,187 shares of company stock worth $1,111,085. Corporate insiders own 0.03% of the company’s stock.

Starbucks Stock Down 0.2%

SBUX stock opened at $106.38 on Wednesday. Starbucks Corporation has a 12 month low of $77.99 and a 12 month high of $108.88. The firm has a market cap of $121.24 billion, a P/E ratio of 80.59, a P/E/G ratio of 2.15 and a beta of 1.01. The company’s 50-day moving average price is $98.41 and its two-hundred day moving average price is $92.70.

Starbucks (NASDAQ:SBUX) last released its earnings results on Tuesday, April 28th. The coffee company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.44 by $0.06. Starbucks had a net margin of 3.89% and a negative return on equity of 29.24%. The firm had revenue of $9.53 billion for the quarter, compared to analyst estimates of $9.17 billion. During the same period last year, the firm earned $0.41 EPS. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. Equities analysts predict that Starbucks Corporation will post 2.42 EPS for the current year.

Starbucks Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be paid a $0.62 dividend. The ex-dividend date is Friday, May 15th. This represents a $2.48 annualized dividend and a dividend yield of 2.3%. Starbucks’s dividend payout ratio (DPR) is presently 187.88%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. New Street Research set a $90.00 target price on Starbucks in a research note on Tuesday, January 27th. Citigroup raised their price target on shares of Starbucks from $99.00 to $101.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Piper Sandler reaffirmed an “overweight” rating and set a $110.00 price target on shares of Starbucks in a research report on Wednesday, April 29th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $115.00 price target (up from $110.00) on shares of Starbucks in a research report on Wednesday, April 29th. Finally, Wedbush initiated coverage on shares of Starbucks in a research report on Thursday, May 14th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $107.48.

Starbucks Profile

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.