River Road Asset Management LLC Has $13.47 Million Holdings in Starbucks Corporation $SBUX

River Road Asset Management LLC decreased its stake in shares of Starbucks Corporation (NASDAQ:SBUXFree Report) by 84.3% in the 4th quarter, Holdings Channel reports. The fund owned 159,971 shares of the coffee company’s stock after selling 857,642 shares during the quarter. River Road Asset Management LLC’s holdings in Starbucks were worth $13,471,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Aerodigm Wealth LLC lifted its position in Starbucks by 2.7% in the 4th quarter. Aerodigm Wealth LLC now owns 4,245 shares of the coffee company’s stock valued at $357,000 after acquiring an additional 112 shares in the last quarter. River Street Advisors LLC increased its holdings in Starbucks by 0.8% during the 4th quarter. River Street Advisors LLC now owns 13,516 shares of the coffee company’s stock worth $1,138,000 after purchasing an additional 113 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its holdings in shares of Starbucks by 38.2% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 409 shares of the coffee company’s stock valued at $34,000 after purchasing an additional 113 shares in the last quarter. Integrity Alliance LLC. lifted its holdings in shares of Starbucks by 3.0% in the fourth quarter. Integrity Alliance LLC. now owns 3,907 shares of the coffee company’s stock valued at $329,000 after purchasing an additional 114 shares in the last quarter. Finally, RPg Family Wealth Advisory LLC boosted its position in shares of Starbucks by 4.5% during the fourth quarter. RPg Family Wealth Advisory LLC now owns 2,711 shares of the coffee company’s stock worth $228,000 after buying an additional 117 shares during the period. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Starbucks Stock Performance

Starbucks stock opened at $100.65 on Friday. Starbucks Corporation has a 52 week low of $77.99 and a 52 week high of $108.88. The stock has a market capitalization of $114.71 billion, a P/E ratio of 76.25, a PEG ratio of 2.00 and a beta of 0.98. The stock has a 50-day simple moving average of $101.00 and a 200 day simple moving average of $95.17.

Starbucks (NASDAQ:SBUXGet Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The coffee company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. Starbucks had a negative return on equity of 29.24% and a net margin of 3.89%.The firm had revenue of $9.53 billion for the quarter, compared to the consensus estimate of $9.17 billion. During the same quarter in the previous year, the business earned $0.41 earnings per share. The business’s revenue was up 8.8% compared to the same quarter last year. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. Research analysts forecast that Starbucks Corporation will post 2.4 earnings per share for the current year.

Starbucks Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Friday, May 15th. Starbucks’s dividend payout ratio is 187.88%.

More Starbucks News

Here are the key news stories impacting Starbucks this week:

Insider Buying and Selling at Starbucks

In other news, EVP Sara Kelly sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $105.00, for a total transaction of $210,000.00. Following the completion of the sale, the executive vice president owned 57,653 shares in the company, valued at approximately $6,053,565. This trade represents a 3.35% decrease in their position. The transaction 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. Also, CEO Brady Brewer sold 588 shares of Starbucks stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $100.00, for a total transaction of $58,800.00. Following the sale, the chief executive officer directly owned 79,593 shares of the company’s stock, valued at $7,959,300. The trade was a 0.73% decrease in their position. 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 8,687 shares of company stock valued at $863,707 in the last ninety days. Insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on SBUX shares. Jefferies Financial Group initiated coverage on Starbucks in a report on Thursday, May 14th. They set a “buy” rating for the company. Stifel Nicolaus set a $117.00 target price on Starbucks and gave the company a “buy” rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. upped their price target on Starbucks from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Tigress Financial assumed coverage on shares of Starbucks in a research note on Wednesday, April 15th. They set a “buy” rating and a $122.00 price target for the company. Finally, Zacks Research upgraded shares of Starbucks from a “hold” rating to a “strong-buy” rating in a report on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $107.93.

Check Out Our Latest Research Report on Starbucks

About Starbucks

(Free Report)

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.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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