Starbucks Corporation $SBUX Stock Holdings Cut by Profund Advisors LLC

Profund Advisors LLC lessened its holdings in shares of Starbucks Corporation (NASDAQ:SBUX) by 6.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 87,308 shares of the coffee company’s stock after selling 5,635 shares during the period. Profund Advisors LLC’s holdings in Starbucks were worth $8,203,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. bought a new stake in Starbucks in the 2nd quarter valued at $8,504,509,000. Bank of America Corp DE acquired a new position in shares of Starbucks in the second quarter valued at approximately $1,581,287,000. Bank of New York Mellon Corp acquired a new position in shares of Starbucks during the second quarter worth $779,790,000. Legal & General Group Plc acquired a new stake in shares of Starbucks in the second quarter valued at about $649,622,000. Finally, Corient Private Wealth LP acquired a new stake in shares of Starbucks during the second quarter worth $289,019,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks News Roundup

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

Wall Street Analysts Forecast Growth

SBUX has been the subject of a number of research reports. Wells Fargo & Company reduced their price objective on Starbucks from $125.00 to $120.00 and set an “overweight” rating for the company in a research note on Wednesday, October 21st. Melius Research set a $110.00 price target on Starbucks in a research report on Monday, August 3rd. Evercore reiterated an “outperform” rating on shares of Starbucks in a research note on Friday. Rothschild & Co Redburn lifted their price objective on Starbucks from $81.00 to $82.00 and gave the company a “sell” rating in a research note on Wednesday, September 30th. Finally, Argus raised their price target on Starbucks from $112.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Twenty-three research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, Starbucks currently has an average rating of “Hold” and a consensus target price of $110.53.

Insider Transactions at Starbucks

In other news, CEO Brady Brewer sold 588 shares of the business’s stock in a transaction dated Tuesday, October 20th. 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 owned 70,920 shares in the company, valued at approximately $7,092,000. The trade was a 0.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 6,687 shares of company stock worth $685,935. 0.03% of the stock is currently owned by company insiders.

Starbucks Price Performance

SBUX opened at $103.67 on Friday. The stock has a 50-day moving average price of $99.26 and a 200-day moving average price of $99.70. Starbucks Corporation has a 1 year low of $77.99 and a 1 year high of $110.51. The firm has a market cap of $118.18 billion, a PE ratio of 46.91, a P/E/G ratio of 1.57 and a beta of 0.98.

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

Starbucks Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Friday, November 13th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a 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 payout ratio is currently 112.22%.

Starbucks Company 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.