Starbucks Corporation $SBUX Shares Acquired by Canada Post Corp Registered Pension Plan

Canada Post Corp Registered Pension Plan increased its holdings in Starbucks Corporation (NASDAQ:SBUX) by 17.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 36,157 shares of the coffee company’s stock after buying an additional 5,259 shares during the period. Canada Post Corp Registered Pension Plan’s holdings in Starbucks were worth $3,045,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Collier Financial acquired a new position in shares of Starbucks in the 3rd quarter valued at about $25,000. Rachor Investment Advisory Services LLC acquired a new position in shares of Starbucks in the 4th quarter valued at about $25,000. Y.D. More Investments Ltd acquired a new position in shares of Starbucks in the 3rd quarter valued at about $26,000. JPL Wealth Management LLC acquired a new position in Starbucks during the 3rd quarter valued at about $27,000. Finally, Kelleher Financial Advisors acquired a new position in Starbucks during the 3rd quarter valued at about $27,000. 72.29% of the stock is owned by institutional investors and hedge funds.

Starbucks Stock Performance

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

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Tuesday, April 28th. The coffee company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $9.17 billion. During the same period in the previous year, the firm earned $0.41 EPS. Starbucks’s revenue was up 8.8% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. On average, equities research analysts predict that Starbucks Corporation will post 2.42 earnings per share for the current year.

Starbucks Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, May 15th. Starbucks’s payout ratio is 187.88%.

Key Starbucks News

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

Insider Transactions at Starbucks

In related news, EVP Sara Kelly sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $105.00, for a total value of $210,000.00. Following the sale, the executive vice president directly owned 57,653 shares in the company, valued at $6,053,565. The trade was a 3.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $104.81, for a total transaction of $233,621.49. Following the completion of the sale, the chief executive officer owned 81,559 shares in the company, 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 have sold a total of 11,187 shares of company stock worth $1,111,085 over the last 90 days. 0.03% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Wolfe Research assumed coverage on shares of Starbucks in a research note on Monday, March 9th. They set a “peer perform” rating for the company. UBS Group lowered shares of Starbucks from a “neutral” rating to a “neutral” rating in a research note on Thursday. Robert W. Baird boosted their target price on shares of Starbucks from $112.00 to $117.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Evercore boosted their target price on shares of Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Finally, Stephens assumed coverage on shares of Starbucks in a research note on Thursday. They set an “overweight” rating for the company. Twenty equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $107.48.

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.