Starbucks Corporation $SBUX Shares Bought by Midwest Trust Co

Midwest Trust Co raised its stake in shares of Starbucks Corporation (NASDAQ:SBUX) by 6.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 214,398 shares of the coffee company’s stock after acquiring an additional 13,407 shares during the quarter. Midwest Trust Co’s holdings in Starbucks were worth $19,208,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SBUX. Vanguard Group Inc. lifted its stake in Starbucks by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 114,410,675 shares of the coffee company’s stock valued at $9,634,523,000 after buying an additional 971,773 shares in the last quarter. Capital World Investors increased its stake in Starbucks by 9.0% during the 4th quarter. Capital World Investors now owns 84,727,405 shares of the coffee company’s stock worth $7,135,228,000 after buying an additional 7,007,268 shares in the last quarter. State Street Corp raised its holdings in shares of Starbucks by 0.7% during the fourth quarter. State Street Corp now owns 47,869,056 shares of the coffee company’s stock valued at $4,031,053,000 after acquiring an additional 327,161 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Starbucks by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 26,373,084 shares of the coffee company’s stock valued at $2,212,153,000 after acquiring an additional 225,168 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its position in shares of Starbucks by 65.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 19,447,854 shares of the coffee company’s stock valued at $1,637,704,000 after acquiring an additional 7,725,547 shares in the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Key Headlines Impacting Starbucks

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Starbucks’ AI-driven software overhaul could materially reduce operating expenses by replacing Microsoft and IBM systems, supporting future margin expansion. Starbucks Builds Sovereign AI to Cut $400 Million in Software Costs
• Positive Sentiment: The company’s recent earnings beat and revenue growth reinforce the view that its turnaround efforts are gaining traction.
• Neutral Sentiment: Starbucks added five new Orange Cream drinks for summer, which may help traffic and seasonal sales but is not a major fundamental catalyst on its own. Starbucks adds 5 new Orange Cream drinks for summer
• Neutral Sentiment: CEO Brady Brewer sold shares under a pre-arranged trading plan, which can prompt caution but does not necessarily signal a change in the business outlook. SEC Form 4 filing

Analyst Ratings Changes

A number of analysts have recently issued reports on SBUX shares. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $115.00 price target (up from $110.00) on shares of Starbucks in a research note on Wednesday, April 29th. DA Davidson raised their price objective on Starbucks from $97.00 to $102.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Tigress Financial initiated coverage on shares of Starbucks in a research note on Wednesday, April 15th. They set a “buy” rating and a $122.00 target price on the stock. Evercore upped their target price on shares of Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Finally, Dbs Bank upgraded shares of Starbucks from a “strong sell” rating to a “moderate sell” rating in a research report on Friday, March 20th. Nineteen analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Starbucks has an average rating of “Moderate Buy” and an average target price of $108.92.

Starbucks Stock Performance

Shares of SBUX stock traded down $0.40 during trading hours on Friday, reaching $106.01. The company had a trading volume of 4,686,326 shares, compared to its average volume of 6,783,678. The stock has a fifty day moving average of $102.43 and a 200-day moving average of $97.07. The company has a market capitalization of $120.82 billion, a price-to-earnings ratio of 80.31, a PEG ratio of 2.11 and a beta of 0.98. Starbucks Corporation has a 12-month low of $77.99 and a 12-month high of $108.88.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Tuesday, April 28th. The coffee company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. The firm had revenue of $9.53 billion for the quarter, compared to the consensus estimate of $9.17 billion. Starbucks had a negative return on equity of 29.24% and a net margin of 3.89%.The firm’s revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.41 earnings per share. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. On average, analysts forecast that Starbucks Corporation will post 2.4 EPS for the current year.

Starbucks Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be paid a $0.62 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.3%. Starbucks’s dividend payout ratio (DPR) is 187.88%.

Insider Buying and Selling at Starbucks

In related news, EVP Sara Kelly sold 2,000 shares of the company’s 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 completion of the sale, the executive vice president 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 sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Brady Brewer sold 2,229 shares of the firm’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $104.00, for a total transaction of $231,816.00. Following the sale, the chief executive officer owned 77,364 shares of the company’s stock, valued at approximately $8,045,856. The trade was a 2.80% 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 quarter, insiders have sold 9,275 shares of company stock worth $947,833. Insiders own 0.03% of the company’s stock.

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.