Starbucks Corporation $SBUX Stock Bought by ProShare Advisors LLC
by Kim Johansen · The Markets DailyProShare Advisors LLC increased its stake in Starbucks Corporation (NASDAQ:SBUX – Free Report) by 3.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,279,583 shares of the coffee company’s stock after acquiring an additional 47,515 shares during the period. ProShare Advisors LLC’s holdings in Starbucks were worth $120,230,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in SBUX. Vise Technologies Inc. lifted its holdings in Starbucks by 25.5% in the third quarter. Vise Technologies Inc. now owns 50,170 shares of the coffee company’s stock worth $4,714,000 after purchasing an additional 10,206 shares during the period. Investment Partners LTD. acquired a new stake in Starbucks in the 3rd quarter worth approximately $288,000. Summit Global Investments grew its holdings in Starbucks by 99.8% in the 3rd quarter. Summit Global Investments now owns 6,608 shares of the coffee company’s stock valued at $621,000 after buying an additional 3,300 shares during the last quarter. MGO One Seven LLC increased its stake in Starbucks by 17.3% during the third quarter. MGO One Seven LLC now owns 39,536 shares of the coffee company’s stock valued at $3,715,000 after acquiring an additional 5,823 shares during the period. Finally, State of Wyoming acquired a new stake in Starbucks during the third quarter valued at approximately $184,000. 72.29% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Starbucks
In other Starbucks news, CEO Brady Brewer sold 588 shares of the firm’s stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $100.00, for a total value of $58,800.00. Following the completion of the sale, the chief executive officer directly owned 70,920 shares of the company’s stock, valued at $7,092,000. This trade represents a 0.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 6,687 shares of company stock valued at $685,935. 0.03% of the stock is owned by corporate insiders.
Starbucks Stock Performance
SBUX stock opened at $103.67 on Friday. Starbucks Corporation has a fifty-two week low of $77.99 and a fifty-two week high of $110.51. The firm has a fifty day moving average price of $99.26 and a 200 day moving average price of $99.70. The firm has a market cap of $118.18 billion, a PE ratio of 46.91, a price-to-earnings-growth ratio of 1.57 and a beta of 0.98.
Starbucks (NASDAQ:SBUX – Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The coffee company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.08. Starbucks had a net margin of 6.66% and a negative return on equity of 38.01%. The firm had revenue of $9.14 billion during the quarter, compared to analysts’ expectations of $9.22 billion. During the same quarter in the prior year, the company earned $0.52 EPS. The company’s revenue was down 4.5% compared to the same quarter last year. On average, equities analysts predict that Starbucks Corporation will post 3.21 EPS for the current year.
Starbucks Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Friday, November 13th will be paid a dividend of $0.63 per share. This is a boost from Starbucks’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Friday, November 13th. This represents a $2.52 annualized dividend and a yield of 2.4%. Starbucks’s dividend payout ratio is presently 112.22%.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on SBUX shares. Raymond James Financial restated an “outperform” rating on shares of Starbucks in a report on Friday, October 9th. Jefferies Financial Group raised their price objective on Starbucks from $95.00 to $101.00 and gave the company a “hold” rating in a report on Thursday, July 30th. Seaport Research Partners began coverage on Starbucks in a report on Wednesday, September 16th. They set a “neutral” rating on the stock. JPMorgan Chase & Co. lowered their target price on shares of Starbucks from $112.00 to $105.00 and set an “overweight” rating for the company in a report on Tuesday, September 29th. Finally, TD Cowen reissued a “buy” rating and set a $120.00 price objective on shares of Starbucks in a report on Friday. Twenty-three equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $110.53.
Key Headlines Impacting Starbucks
Here are the key news stories impacting Starbucks this week:
- Positive Sentiment: Starbucks reported fiscal fourth-quarter adjusted EPS of $0.80, above the approximately $0.72 consensus. Adjusted operating margin expanded by roughly 450 basis points to 14% as sales leverage, cost savings and lower labor-related expenses supported profitability. Starbucks posts slight revenue miss and earnings beat
- Positive Sentiment: U.S. comparable sales increased 7.7%, ahead of management’s target, helped by higher average tickets, product mix, food attachments and improving customer traffic. Management said the turnaround is transitioning into a growth plan. Starbucks strong comps driven by ticket growth
- Positive Sentiment: Analysts remain constructive, with BTIG reaffirming a Buy rating and a $115 target, while Bank of America raised its target to $141. Starbucks also plans to test AI-powered drive-through tools, renovate more than 2,000 North American stores and add about 1,200 locations globally. Analyst raises Starbucks price target
- Neutral Sentiment: Management said Starbucks could eventually become a multibrand company and sees room for substantial international and North American expansion, but acquisitions are not currently the focus. Execution on store improvements and service remains the near-term priority. Starbucks CEO discusses future acquisitions
- Negative Sentiment: Revenue fell about 4.5% to $9.14 billion, missing estimates near $9.22 billion. The decline largely reflects Starbucks’ shift of nearly 8,000 China stores to a licensed joint venture, but international comparable sales and transactions remained weak. Starbucks international business disappoints
- Negative Sentiment: Fiscal 2027 guidance calls for roughly 4% North American comparable-sales growth, below fiscal 2026’s 6.6%, while revenue is expected to decline about 1%. Fourth-quarter ticket growth outpaced transaction growth, raising concerns that future gains may rely more on pricing and larger orders than on customer visits. Starbucks margins jump as store visits slow
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.
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