Starbucks Corporation $SBUX Stock Holdings Reduced by Glenview Trust Co

Glenview Trust Co lowered its position in Starbucks Corporation (NASDAQ:SBUX) by 10.3% during the first quarter, HoldingsChannel.com reports. The firm owned 66,483 shares of the coffee company’s stock after selling 7,605 shares during the quarter. Glenview Trust Co’s holdings in Starbucks were worth $5,956,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Long Road Investment Counsel LLC lifted its stake in Starbucks by 5.5% in the first quarter. Long Road Investment Counsel LLC now owns 68,570 shares of the coffee company’s stock valued at $6,143,000 after acquiring an additional 3,600 shares during the last quarter. Florida Financial Advisors LLC increased its stake in shares of Starbucks by 5.7% during the 1st quarter. Florida Financial Advisors LLC now owns 3,401 shares of the coffee company’s stock worth $305,000 after purchasing an additional 183 shares during the last quarter. Beta Wealth Group Inc. raised its holdings in shares of Starbucks by 1.7% during the 1st quarter. Beta Wealth Group Inc. now owns 6,114 shares of the coffee company’s stock valued at $548,000 after purchasing an additional 103 shares in the last quarter. Paul R. Ried Financial Group LLC raised its holdings in shares of Starbucks by 0.9% during the 1st quarter. Paul R. Ried Financial Group LLC now owns 21,641 shares of the coffee company’s stock valued at $1,939,000 after purchasing an additional 185 shares in the last quarter. Finally, AlTi Global Inc. lifted its stake in shares of Starbucks by 2.3% in the 1st quarter. AlTi Global Inc. now owns 19,852 shares of the coffee company’s stock valued at $1,779,000 after purchasing an additional 437 shares during the last quarter. 72.29% of the stock is owned by hedge funds and other institutional investors.

Starbucks Price Performance

Shares of SBUX opened at $104.45 on Wednesday. The company has a market capitalization of $119.04 billion, a PE ratio of 79.13, a price-to-earnings-growth ratio of 2.09 and a beta of 0.98. Starbucks Corporation has a one year low of $77.99 and a one year high of $109.23. The company’s fifty day moving average price is $102.50 and its 200 day moving average price is $98.20.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Tuesday, April 28th. The coffee company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. The company had revenue of $9.53 billion during the quarter, compared to analysts’ expectations of $9.17 billion. Starbucks had a net margin of 3.89% and a negative return on equity of 29.24%. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.41 earnings per share. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. Analysts anticipate that Starbucks Corporation will post 2.41 earnings per share for the current year.

Starbucks Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a dividend of $0.62 per share. The ex-dividend date is Friday, August 14th. This represents a $2.48 annualized dividend and a yield of 2.4%. Starbucks’s dividend payout ratio is presently 187.88%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Tigress Financial initiated coverage on shares of Starbucks in a report on Wednesday, April 15th. They issued a “buy” rating and a $122.00 price objective for the company. Citigroup restated a “neutral” rating and set a $108.00 target price (up from $101.00) on shares of Starbucks in a report on Tuesday, July 14th. Zacks Research downgraded Starbucks from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Stephens assumed coverage on Starbucks in a report on Thursday, May 14th. They set an “overweight” rating on the stock. Finally, Citizens Jmp initiated coverage on Starbucks in a research note on Monday, March 30th. They issued an “underperform” rating and a $84.00 price objective on the stock. Nineteen investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $109.42.

Starbucks News Summary

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Zacks highlighted that Starbucks raised its fiscal 2026 outlook, citing traffic gains, margin recovery, and cost savings as evidence the turnaround is gaining traction.
• Positive Sentiment: Recent commentary from The Motley Fool said Niccol’s turnaround appears to be “quietly working,” even though profits were cut in half last year, suggesting investors still see meaningful upside if execution continues.
• Positive Sentiment: Health-related news that moderate coffee intake may reduce cardiovascular risk could provide a modest sentiment lift for coffee demand overall.
• Neutral Sentiment: Investors are now focused on Starbucks’ upcoming earnings report on July 29, which will be the next key checkpoint for validating the turnaround.
• Negative Sentiment: Luckin Coffee’s move into New York adds a new competitor in the U.S. coffee market and could pressure Starbucks’ traffic and pricing power, especially in key urban markets.
• Negative Sentiment: Despite progress, Starbucks is still operating from a weaker profit base after earnings were roughly cut in half last year, leaving the valuation more dependent on sustained recovery.

Insider Activity at Starbucks

In other news, EVP Sara Kelly sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $105.00, for a total transaction of $210,000.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Brady Brewer sold 2,229 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly owned 77,364 shares of the company’s stock, valued at $8,045,856. This represents a 2.80% decrease in their ownership of the stock. 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 have sold 8,687 shares of company stock valued at $889,033. 0.03% of the stock is owned by corporate insiders.

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.