Conning Inc. Has $32.20 Million Stock Holdings in Starbucks Corporation $SBUX

Conning Inc. trimmed its holdings in Starbucks Corporation (NASDAQ:SBUX) by 8.5% in the 1st quarter, HoldingsChannel.com reports. The fund owned 359,429 shares of the coffee company’s stock after selling 33,559 shares during the quarter. Conning Inc.’s holdings in Starbucks were worth $32,201,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of SBUX. Rachor Investment Advisory Services LLC acquired a new stake in shares of Starbucks in the 4th quarter valued at $25,000. Cornerstone Financial Management LLC bought a new stake in Starbucks in the fourth quarter worth $25,000. Phillip James Consulting Co. acquired a new position in Starbucks during the fourth quarter worth $25,000. Entrust Financial LLC bought a new position in Starbucks during the fourth quarter valued at about $26,000. Finally, Tucker Asset Management LLC bought a new position in Starbucks during the fourth quarter valued at about $27,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Insider Buying and Selling at Starbucks

In other Starbucks news, CEO Brady Brewer sold 2,229 shares of the firm’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $104.00, for a total value of $231,816.00. Following the sale, the chief executive officer directly owned 77,364 shares in the company, valued at $8,045,856. This trade represents a 2.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sara Kelly sold 2,000 shares of the business’s stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $105.00, for a total transaction of $210,000.00. Following the transaction, the executive vice president owned 57,653 shares in the company, valued at approximately $6,053,565. The trade was a 3.35% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 9,275 shares of company stock worth $947,833. 0.03% of the stock is currently owned by corporate insiders.

Starbucks Stock Performance

Starbucks stock opened at $106.01 on Friday. Starbucks Corporation has a 52 week low of $77.99 and a 52 week high of $108.88. The firm has a market capitalization of $120.82 billion, a PE ratio of 80.31, a PEG ratio of 2.12 and a beta of 0.98. The business’s 50-day simple moving average is $102.43 and its 200-day simple moving average is $97.07.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Tuesday, April 28th. The coffee company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.06. The firm had revenue of $9.53 billion during the quarter, compared to the consensus estimate of $9.17 billion. Starbucks had a negative return on equity of 29.24% and a net margin of 3.89%.The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.41 EPS. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, August 14th. Starbucks’s dividend payout ratio is currently 187.88%.

Analyst Upgrades and Downgrades

SBUX has been the subject of several recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Starbucks in a research note on Wednesday, April 22nd. BNP Paribas Exane started coverage on Starbucks in a report on Thursday, May 14th. They issued an “underperform” rating for the company. Robert W. Baird upped their target price on Starbucks from $112.00 to $117.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Starbucks in a report on Wednesday, April 29th. Finally, Dbs Bank raised shares of Starbucks from a “strong sell” rating to a “moderate sell” rating in a research report on Friday, March 20th. Nineteen analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Starbucks has a consensus rating of “Moderate Buy” and a consensus price target of $108.92.

Key Starbucks News

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Starbucks’ AI-driven software overhaul could materially reduce operating expenses by replacing Microsoft and IBM systems, supporting future margin expansion. Starbucks Builds Sovereign AI to Cut $400 Million in Software Costs
• Positive Sentiment: The company’s recent earnings beat and revenue growth reinforce the view that its turnaround efforts are gaining traction.
• Neutral Sentiment: Starbucks added five new Orange Cream drinks for summer, which may help traffic and seasonal sales but is not a major fundamental catalyst on its own. Starbucks adds 5 new Orange Cream drinks for summer
• Neutral Sentiment: CEO Brady Brewer sold shares under a pre-arranged trading plan, which can prompt caution but does not necessarily signal a change in the business outlook. SEC Form 4 filing

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.