Starbucks Corporation $SBUX Shares Newly Acquired by Lebenthal Global Advisors LLC

Lebenthal Global Advisors LLC purchased a new stake in Starbucks Corporation (NASDAQ:SBUX) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 8,410 shares of the coffee company’s stock, valued at approximately $790,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. bought a new position in shares of Starbucks in the 2nd quarter valued at $8,504,509,000. State Street Corp lifted its stake in shares of Starbucks by 3.2% in the second quarter. State Street Corp now owns 49,260,268 shares of the coffee company’s stock worth $5,033,907,000 after acquiring an additional 1,530,497 shares during the period. Bank of America Corp DE acquired a new position in shares of Starbucks in the 2nd quarter worth approximately $1,581,287,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Starbucks by 26.2% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,506,482 shares of the coffee company’s stock valued at $869,277,000 after acquiring an additional 1,767,530 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of Starbucks during the 2nd quarter valued at about $779,790,000. 72.29% of the stock is owned by institutional investors.

Key Starbucks News

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

Insider Activity at Starbucks

In other news, CEO Brady Brewer sold 588 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 70,920 shares in the company, valued at $7,092,000. This trade represents a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 6,687 shares of company stock valued at $685,935 over the last three months. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on SBUX. TD Cowen reaffirmed a “buy” rating and set a $120.00 target price on shares of Starbucks in a research note on Friday. BNP Paribas Exane boosted their price target on Starbucks from $87.00 to $92.00 and gave the company an “underperform” rating in a research note on Thursday, July 30th. Morgan Stanley cut Starbucks from an “overweight” rating to an “underweight” rating in a report on Monday, August 3rd. Piper Sandler raised their price objective on shares of Starbucks from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of Starbucks in a research report on Friday, October 9th. Twenty-three investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $110.53.

Starbucks Price Performance

NASDAQ:SBUX opened at $103.67 on Friday. The firm has a 50-day moving average of $99.26 and a 200-day moving average of $99.70. The company has a market cap of $118.18 billion, a PE ratio of 46.91, a PEG ratio of 1.57 and a beta of 0.98. Starbucks Corporation has a one year low of $77.99 and a one year high of $110.51.

Starbucks (NASDAQ:SBUX) last posted its earnings results on Thursday, October 29th. The coffee company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.08. Starbucks had a net margin of 6.66% and a negative return on equity of 38.01%. The company had revenue of $9.14 billion for the quarter, compared to analyst estimates of $9.22 billion. During the same quarter in the prior year, the business posted $0.52 EPS. The firm’s revenue was down 4.5% compared to the same quarter last year. On average, equities research analysts expect that Starbucks Corporation will post 3.21 earnings per share for the current fiscal year.

Starbucks Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Friday, November 13th will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 2.4%. This is a boost from Starbucks’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Friday, November 13th. Starbucks’s dividend payout ratio (DPR) is currently 112.22%.

Starbucks Profile

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.