The Manufacturers Life Insurance Company Trims Stock Position in Starbucks Corporation $SBUX

The Manufacturers Life Insurance Company trimmed its holdings in Starbucks Corporation (NASDAQ:SBUX) by 63.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 600,881 shares of the coffee company’s stock after selling 1,050,770 shares during the period. The Manufacturers Life Insurance Company’s holdings in Starbucks were worth $61,404,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SBUX. Cornerstone Financial Management LLC purchased a new position in shares of Starbucks during the 4th quarter worth about $25,000. Phillip James Consulting Co. purchased a new position in Starbucks during the fourth quarter worth approximately $25,000. Meeder Asset Management Inc. purchased a new position in Starbucks during the second quarter worth approximately $25,000. Entrust Financial LLC acquired a new position in shares of Starbucks in the 4th quarter valued at $26,000. Finally, Tucker Asset Management LLC purchased a new stake in shares of Starbucks during the 4th quarter valued at $27,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Robert W. Baird raised Starbucks to a “strong-buy” rating in a research report on Monday, August 24th. BNP Paribas Exane upped their price target on Starbucks from $87.00 to $92.00 and gave the stock an “underperform” rating in a research note on Thursday, July 30th. Sanford C. Bernstein downgraded Starbucks from an “outperform” rating to a “market perform” rating in a report on Monday, August 3rd. Melius Research set a $110.00 price objective on Starbucks in a research note on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $126.00 target price on shares of Starbucks in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Starbucks presently has an average rating of “Hold” and a consensus target price of $110.30.

Starbucks News Summary

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Starbucks plans to invest approximately $1 billion renovating as many as 8,000–9,000 North American company-operated stores. New seating, rugs, plants and other design upgrades are intended to increase customer dwell time, improve the in-store experience and support sales. Starbucks store renovation investment
• Positive Sentiment: Niccol said Starbucks’ “Back to Starbucks” turnaround is working and that roughly 1,500 or more upgraded locations could be completed by the end of the current fiscal year. The strategy focuses on service execution, café atmosphere and returning the brand to its coffeehouse roots. Starbucks CEO discusses café renovations
• Positive Sentiment: The company is emphasizing Refreshers and other cold beverages to drive afternoon traffic. The initiative could broaden Starbucks’ customer base and improve sales outside traditional morning coffee hours. Starbucks Refreshers strategy
• Neutral Sentiment: Starbucks has called for a safer Seattle, which could help improve the environment around stores and customer traffic, although the near-term financial impact is unclear. Starbucks and Seattle safety concerns
• Negative Sentiment: Workers at a Hamilton, Ontario, Starbucks have joined the United Steelworkers union, adding to labor-organizing activity in Canada. Broader unionization could increase labor costs and operational complexity. Hamilton Starbucks employees join union
• Negative Sentiment: Refreshers face rising competition from Dutch Bros and McDonald’s, raising doubts about whether the product push can generate sustained traffic gains. Starbucks also trades at an elevated valuation, while latest quarterly revenue declined 1.4% year over year despite an earnings beat.
• Neutral Sentiment: CEO Brady Brewer sold 2,229 shares under a pre-arranged Rule 10b5-1 plan. The transaction is relatively small but may attract attention from investors monitoring insider activity.

Insider Activity

In related news, CEO Brady Brewer sold 2,229 shares of the firm’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $105.60, for a total transaction of $235,382.40. Following the sale, the chief executive officer directly owned 73,149 shares in the company, valued at approximately $7,724,534.40. This trade represents a 2.96% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 6,687 shares of company stock valued at $703,450 in the last ninety days. 0.03% of the stock is currently owned by company insiders.

Starbucks Trading Down 0.5%

Shares of Starbucks stock opened at $98.74 on Friday. Starbucks Corporation has a twelve month low of $77.99 and a twelve month high of $110.51. The stock has a market cap of $112.56 billion, a price-to-earnings ratio of 56.75, a price-to-earnings-growth ratio of 1.71 and a beta of 0.97. The company has a fifty day moving average price of $105.16 and a 200 day moving average price of $101.27.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Wednesday, July 29th. The coffee company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.66 by $0.19. The company had revenue of $9.32 billion for the quarter, compared to analyst estimates of $9.17 billion. Starbucks had a negative return on equity of 34.10% and a net margin of 5.17%.The firm’s revenue was down 1.4% compared to the same quarter last year. During the same period last year, the company posted $0.50 earnings per share. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. Analysts forecast that Starbucks Corporation will post 2.64 earnings per share for the current year.

Starbucks Company Profile

Starbucks Corporation is a global coffeehouse company that roasts, markets and sells specialty coffee, tea, cold beverages, food and other related products. Its offerings include brewed coffee, espresso-based beverages, cold drinks, teas, pastries, breakfast items and packaged coffee and tea products. Starbucks also sells branded merchandise, including drinkware and related accessories.

Founded in 1971 in Seattle, Starbucks has grown from a local coffee retailer into an international business.