Starbucks Corporation $SBUX Shares Acquired by iA Global Asset Management Inc.

iA Global Asset Management Inc. lifted its holdings in shares of Starbucks Corporation (NASDAQ:SBUX) by 7.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 141,364 shares of the coffee company’s stock after purchasing an additional 9,744 shares during the quarter. iA Global Asset Management Inc.’s holdings in Starbucks were worth $11,904,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Collier Financial acquired a new stake in shares of Starbucks during the third quarter worth about $25,000. Rachor Investment Advisory Services LLC acquired a new stake in shares of Starbucks during the fourth quarter worth about $25,000. Y.D. More Investments Ltd acquired a new stake in shares of Starbucks during the third quarter worth about $26,000. JPL Wealth Management LLC acquired a new stake in shares of Starbucks during the third quarter worth about $27,000. Finally, Kelleher Financial Advisors acquired a new stake in shares of Starbucks during the third quarter worth about $27,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SBUX. New Street Research set a $90.00 price target on shares of Starbucks in a research report on Tuesday, January 27th. BNP Paribas Exane began coverage on shares of Starbucks in a research note on Thursday. They set an “underperform” rating on the stock. Citizens Jmp began coverage on shares of Starbucks in a research note on Monday, March 30th. They set an “underperform” rating and a $84.00 target price on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Starbucks in a research note on Wednesday, April 29th. Finally, Stifel Nicolaus set a $117.00 target price on shares of Starbucks and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Twenty equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $107.48.

Insider Activity at Starbucks

In other news, EVP Sara Kelly sold 2,000 shares of the stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $105.00, for a total value of $210,000.00. Following the completion of the sale, the executive vice president directly owned 57,653 shares of the company’s stock, valued at approximately $6,053,565. This represents a 3.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Brady Brewer sold 2,229 shares of the stock in a transaction that occurred 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 sale, 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 ownership of the stock. 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. Insiders sold 11,187 shares of company stock valued at $1,111,085 over the last three months. Corporate insiders own 0.03% of the company’s stock.

Starbucks News Roundup

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Investors appear to like the cost-cutting focus, as the layoffs and office closures are intended to improve efficiency, support margin recovery, and help fund the company’s turnaround strategy. Reuters article
• Positive Sentiment: Wall Street sentiment also remains supportive, with TD Cowen upgrading Starbucks to Buy and raising its price target, citing improving sales drivers, margin recovery, and multiple tangible catalysts for the comeback story. Analyst upgrade article
• Neutral Sentiment: The restructuring comes with a sizable estimated $400 million charge, which could weigh on near-term earnings even as management argues the actions will strengthen the business over time. New York Times article
• Neutral Sentiment: Recent trading also reflects a broader re-rating of the stock, which has been pushing toward new highs as investors gain confidence in CEO Brian Niccol’s turnaround plan. CNBC article
• Negative Sentiment: The job cuts and office closures also signal that the turnaround is still in progress, and the company may continue to face pressure from restructuring costs and execution risk before the benefits show up in results. Wall Street Journal article

Starbucks Price Performance

Shares of Starbucks stock opened at $106.82 on Monday. The firm has a market capitalization of $121.74 billion, a P/E ratio of 80.92, a P/E/G ratio of 2.15 and a beta of 1.01. Starbucks Corporation has a 52 week low of $77.99 and a 52 week high of $108.88. The firm’s 50 day moving average is $98.11 and its two-hundred day moving average is $92.40.

Starbucks (NASDAQ:SBUX) last announced its quarterly 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. The company had revenue of $9.53 billion for the quarter, compared to analyst estimates of $9.17 billion. Starbucks had a net margin of 3.89% and a negative return on equity of 29.24%. The firm’s revenue was up 8.8% on a year-over-year basis. During the same period in the prior 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, research analysts expect that Starbucks Corporation will post 2.42 earnings per share for the current fiscal year.

Starbucks Announces Dividend

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

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.