New York State Common Retirement Fund Cuts Holdings in Starbucks Corporation $SBUX

New York State Common Retirement Fund lessened its holdings in Starbucks Corporation (NASDAQ:SBUX) by 6.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,462,761 shares of the coffee company’s stock after selling 104,444 shares during the quarter. New York State Common Retirement Fund’s holdings in Starbucks were worth $123,750,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of SBUX. Game Plan Financial Advisors LLC bought a new stake in shares of Starbucks during the 2nd quarter valued at about $25,000. Transce3nd LLC raised its holdings in shares of Starbucks by 270.3% during the 2nd quarter. Transce3nd LLC now owns 274 shares of the coffee company’s stock valued at $25,000 after buying an additional 200 shares in the last quarter. Chelsea Counsel Co. bought a new position in shares of Starbucks during the second quarter valued at about $26,000. MTM Investment Management LLC purchased a new stake in shares of Starbucks during the second quarter valued at approximately $28,000. Finally, PFS Partners LLC grew its holdings in shares of Starbucks by 457.4% in the third quarter. PFS Partners LLC now owns 340 shares of the coffee company’s stock worth $29,000 after purchasing an additional 279 shares during the last quarter. 72.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SBUX. William Blair upgraded shares of Starbucks from a “market perform” rating to an “outperform” rating in a report on Thursday, January 22nd. UBS Group set a $94.00 price objective on Starbucks and gave the company a “neutral” rating in a research report on Tuesday, October 21st. BTIG Research reaffirmed a “buy” rating and issued a $105.00 target price on shares of Starbucks in a research report on Thursday, January 22nd. Mizuho lifted their price objective on Starbucks from $86.00 to $95.00 and gave the company a “neutral” rating in a research note on Monday. Finally, Wells Fargo & Company set a $110.00 target price on Starbucks in a research note on Wednesday. Eighteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $103.50.

Insider Buying and Selling

In other news, Director Jorgen Vig Knudstorp purchased 11,700 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The stock was bought at an average cost of $85.00 per share, with a total value of $994,500.00. Following the completion of the purchase, the director owned 53,096 shares in the company, valued at approximately $4,513,160. This represents a 28.26% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.09% of the company’s stock.

Starbucks Price Performance

Shares of SBUX stock opened at $95.16 on Thursday. The company has a market capitalization of $108.21 billion, a price-to-earnings ratio of 58.02, a PEG ratio of 1.94 and a beta of 0.97. The company’s fifty day moving average price is $87.73 and its 200-day moving average price is $87.12. Starbucks Corporation has a one year low of $75.50 and a one year high of $117.46.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Wednesday, January 28th. The coffee company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.03). The business had revenue of $9.92 billion for the quarter, compared to the consensus estimate of $9.62 billion. Starbucks had a net margin of 4.99% and a negative return on equity of 31.32%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the business posted $0.69 EPS. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. Equities research analysts expect that Starbucks Corporation will post 2.99 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, February 13th. Starbucks’s payout ratio is 151.22%.

Starbucks News Summary

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Q1 top‑line beat and comps rebound — Revenue of $9.92B topped estimates and global comparable‑store sales rose ~4%, including the first U.S. transaction growth in two years, evidence the “Back to Starbucks” initiatives are driving traffic. Starbucks Reports Q1 Fiscal Year 2026 Results
• Positive Sentiment: Digital and operations momentum — Management emphasized digital platforms and technology fixes (mobile order flow, staffing mixes, AI tools) as central to sustaining the turnaround and improving throughput/transactions. This supports revenue durability if execution continues. Starbucks Says Digital Platforms Are Key Piece of Turnaround Strategy
• Positive Sentiment: Investor day as a near‑term catalyst — Starbucks is hosting an investor day to lay out a long‑term outlook and milestones for the turnaround; that presentation could provide fresh guidance or visibility that moves the stock. Starbucks to unveil long-term outlook at investor day, as Niccol says turnaround is just beginning
• Neutral Sentiment: Guidance and valuation nuance — FY‑2026 EPS guide (2.15–2.40) leaves room vs. consensus and analysts are split; some raised targets (e.g., Mizuho), others warn margins could lag while investments run. The range creates more catalyst dependence on execution. Mizuho Boosts Starbucks (NASDAQ:SBUX) Price Target to $95.00
• Negative Sentiment: EPS miss and margin pressure — EPS of $0.56 missed estimates while net margin remains under pressure as the company re‑invests in stores and staffing; investors should watch margin progression vs. revenue gains. Starbucks (SBUX) Misses Q1 Earnings Estimates
• Negative Sentiment: Governance/optics risks — The company removed the $250k cap on CEO Niccol’s personal use of the corporate jet (cited for security) and a shareholder‑law firm launched a probe into director conduct; both create short‑term reputational and potential legal noise. Starbucks removes cap on CEO’s use of company’s private jet, citing security concerns Legal Investigation Launched: Johnson Fistel Scrutinizes Starbucks (SBUX) Directors

About Starbucks

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.