Keybank National Association OH Grows Stock Position in Starbucks Corporation $SBUX

Keybank National Association OH increased its stake in shares of Starbucks Corporation (NASDAQ:SBUX) by 26.2% in the 1st quarter, Holdings Channel.com reports. The firm owned 606,225 shares of the coffee company’s stock after purchasing an additional 125,980 shares during the period. Keybank National Association OH’s holdings in Starbucks were worth $54,312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rachor Investment Advisory Services LLC purchased a new position in Starbucks during the 4th quarter worth $25,000. Cornerstone Financial Management LLC purchased a new stake in shares of Starbucks in the fourth quarter valued at about $25,000. Phillip James Consulting Co. purchased a new stake in shares of Starbucks in the fourth quarter valued at about $25,000. Entrust Financial LLC acquired a new position in shares of Starbucks during the fourth quarter worth about $26,000. Finally, Tucker Asset Management LLC acquired a new position in shares of Starbucks during the fourth quarter worth about $27,000. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on SBUX shares. BTIG Research downgraded shares of Starbucks from a “buy” rating to a “neutral” rating in a research report on Thursday, May 14th. Wolfe Research started coverage on Starbucks in a research report on Monday, March 9th. They set a “peer perform” rating on the stock. Jefferies Financial Group started coverage on Starbucks in a research note on Thursday, May 14th. They set a “buy” rating for the company. Morgan Stanley raised Starbucks from an “overweight” rating to an “overweight” rating in a report on Thursday, May 14th. Finally, Tigress Financial initiated coverage on Starbucks in a research note on Wednesday, April 15th. They issued a “buy” rating and a $122.00 price target on the stock. Nineteen equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $108.92.

Starbucks Stock Up 0.9%

Shares of NASDAQ SBUX opened at $104.27 on Friday. The stock has a market capitalization of $118.84 billion, a price-to-earnings ratio of 78.99, a price-to-earnings-growth ratio of 2.05 and a beta of 0.98. Starbucks Corporation has a 52 week low of $77.99 and a 52 week high of $108.88. The firm has a 50-day moving average price of $101.87 and a 200 day moving average price of $96.40.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Tuesday, April 28th. The coffee company reported $0.50 earnings per share for the quarter, topping 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 company had revenue of $9.53 billion for the quarter, compared to analyst estimates of $9.17 billion. During the same period in the prior year, the business posted $0.41 earnings per share. The firm’s revenue for the quarter 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 research analysts expect that Starbucks Corporation will post 2.4 EPS for the current fiscal year.

Starbucks Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.48 annualized dividend and a dividend yield of 2.4%. Starbucks’s payout ratio is 187.88%.

Insider Buying and Selling

In related news, EVP Sara Kelly sold 2,000 shares of the firm’s 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 transaction, the executive vice president directly owned 57,653 shares of the company’s stock, valued at $6,053,565. This trade represents a 3.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Brady Brewer sold 588 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $100.00, for a total value of $58,800.00. Following the completion of the transaction, the chief executive officer directly owned 79,593 shares of the company’s stock, valued at $7,959,300. The trade was a 0.73% 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. In the last 90 days, insiders sold 8,687 shares of company stock worth $863,707. Insiders own 0.03% of the company’s stock.

Trending Headlines about Starbucks

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Starbucks approved a quarterly cash dividend of $0.62 per share, reinforcing its shareholder return profile and signaling financial stability. Starbucks Declares Quarterly Cash Dividend
• Positive Sentiment: The company is accelerating its U.S. footprint with smaller-format stores and a renewed focus on the “third place” concept, which could support traffic and loyalty growth. Starbucks (SBUX) Is Building Smaller Stores To Deepen Its U.S. Footprint
• Positive Sentiment: Starbucks is gaining attention for capturing demand in fruit flavors and cold foam, pointing to menu innovation that could help sustain customer engagement. How Starbucks is capturing demand for fruit flavors, cold foam, and more
• Neutral Sentiment: Coverage comparing Starbucks with Dutch Bros and Chipotle may keep investor focus on Starbucks’ valuation versus faster-growing peers, but it does not by itself change fundamentals. Better Buy in July: 1 Share of Starbucks or 1 Dutch Bros Share Plus 1 Chipotle Share?
• Neutral Sentiment: Several recent articles discuss Starbucks’ store reset and South Korea marketing issues, but these appear more informational than immediate market-moving news. Starbucks’ South Korea Troubles Continue With Baseball Team, Starbucks Stock (NASDAQ:SBUX) Dips
• Negative Sentiment: Zacks Research downgraded Starbucks from strong-buy to hold, which may weigh on sentiment by suggesting less upside than before. Zacks downgrade coverage

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.