Provenance Wealth Advisors LLC Acquires 13,138 Shares of Starbucks Corporation $SBUX

Provenance Wealth Advisors LLC raised its holdings in Starbucks Corporation (NASDAQ:SBUX) by 187,685.7% during the third quarter, Holdings Channel.com reports. The fund owned 13,145 shares of the coffee company’s stock after purchasing an additional 13,138 shares during the period. Provenance Wealth Advisors LLC’s holdings in Starbucks were worth $1,235,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Sunbelt Securities Inc. lifted its stake in shares of Starbucks by 1.0% in the 1st quarter. Sunbelt Securities Inc. now owns 9,473 shares of the coffee company’s stock valued at $849,000 after purchasing an additional 97 shares during the period. Cypress Capital Management LLC WY boosted its position in shares of Starbucks by 30.9% in the 2nd quarter. Cypress Capital Management LLC WY now owns 424 shares of the coffee company’s stock worth $43,000 after purchasing an additional 100 shares during the last quarter. Webster Bank N. A. grew its stake in shares of Starbucks by 7.8% during the second quarter. Webster Bank N. A. now owns 1,396 shares of the coffee company’s stock worth $143,000 after purchasing an additional 101 shares during the period. Nilsine Partners LLC grew its stake in shares of Starbucks by 1.0% during the second quarter. Nilsine Partners LLC now owns 10,039 shares of the coffee company’s stock worth $1,026,000 after purchasing an additional 101 shares during the period. Finally, Beta Wealth Group Inc. grew its stake in shares of Starbucks by 1.7% during the second quarter. Beta Wealth Group Inc. now owns 6,216 shares of the coffee company’s stock worth $635,000 after purchasing an additional 102 shares during the period. Institutional investors and hedge funds own 72.29% of the company’s stock.

Analysts Set New Price Targets

SBUX has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price objective on Starbucks from $112.00 to $105.00 and set an “overweight” rating for the company in a report on Tuesday, September 29th. Evercore restated an “outperform” rating on shares of Starbucks in a report on Friday, October 30th. DA Davidson restated a “neutral” rating and set a $110.00 target price on shares of Starbucks in a research report on Friday, October 30th. Wells Fargo & Company lowered their price target on Starbucks from $125.00 to $120.00 and set an “overweight” rating for the company in a research note on Wednesday, October 21st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $126.00 price target (up from $120.00) on shares of Starbucks in a research note on Thursday, July 30th. Twenty-one investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $108.74.

Insider Buying and Selling at Starbucks

In other news, CEO Brady Brewer sold 2,229 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $105.60, for a total value of $235,382.40. Following the completion of the transaction, the chief executive officer owned 73,149 shares in the company, valued at $7,724,534.40. This represents a 2.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 4,458 shares of company stock valued at $449,684 in the last ninety days. 0.03% of the stock is owned by corporate insiders.

Starbucks News Summary

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Starbucks reached a fresh 52-week high, reflecting strong investor demand. Restaurant stocks broadly advanced as well, providing a sector tailwind. Starbucks Reaches a Fresh 52-Week High at $109.70
• Positive Sentiment: Quarterly EPS rose 54% year over year to $0.80, beating the $0.72 consensus. Commentary highlighted improving coffeehouse sales, higher U.S. customer spending per visit, digital initiatives and cost savings as drivers of a potential recovery. Starbucks Served Up a 54% Earnings Jump Why Morgan Stanley sees customers spending more at Starbucks
• Neutral Sentiment: The China business is shifting to a licensed joint-venture model, changing how revenue is recorded. Starbucks says it is pursuing cost savings and margin improvement, but the transition complicates comparisons. Is China Licensing Shift Altering The Investment Case For Starbucks?
• Negative Sentiment: Revenue fell 4.5% year over year to $9.14 billion and missed analyst estimates. Management expects consolidated revenue to decline about 1% in fiscal 2027, partly because of the China licensing change and the calendar effect of a 53rd week. SBUX Q3 (fiscal Q4 2026) deep dive

Starbucks Price Performance

NASDAQ:SBUX opened at $109.70 on Thursday. The business’s 50-day simple moving average is $99.23 and its 200-day simple moving average is $99.92. Starbucks Corporation has a fifty-two week low of $79.04 and a fifty-two week high of $110.51. The stock has a market capitalization of $125.06 billion, a PE ratio of 49.64, a price-to-earnings-growth ratio of 1.73 and a beta of 1.01.

Starbucks (NASDAQ:SBUX) last posted its earnings results on Thursday, October 29th. The coffee company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.08. The business had revenue of $9.14 billion during the quarter, compared to analysts’ expectations of $9.22 billion. Starbucks had a negative return on equity of 38.61% and a net margin of 6.66%. Starbucks’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.52 EPS. On average, research analysts expect that Starbucks Corporation will post 3.22 earnings per share for the current year.

Starbucks Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Friday, November 13th will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 2.3%. This is a boost from Starbucks’s previous quarterly dividend of $0.62. The ex-dividend date is Friday, November 13th. Starbucks’s dividend payout ratio is currently 112.22%.

About Starbucks

Starbucks Corporation is a global specialty coffee company headquartered in Seattle, Washington. Founded in 1971, the company operates and licenses coffeehouses under the Starbucks brand, serving brewed coffee, espresso beverages, teas, cold drinks, food, and other ready-to-consume products.

In addition to its company-operated and licensed stores, Starbucks sells packaged coffee, tea, and single-serve products through grocery retailers, convenience stores, and other distribution channels.