Riverbridge Partners LLC Sells 18,841 Shares of Starbucks Corporation $SBUX

Riverbridge Partners LLC reduced its position in Starbucks Corporation (NASDAQ:SBUX) by 4.9% in the 3rd quarter, Holdings Channel reports. The fund owned 368,127 shares of the coffee company’s stock after selling 18,841 shares during the period. Riverbridge Partners LLC’s holdings in Starbucks were worth $34,589,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Silver Grove Financial Group Inc. lifted its position in Starbucks by 12.9% during the third quarter. Silver Grove Financial Group Inc. now owns 1,533 shares of the coffee company’s stock worth $144,000 after buying an additional 175 shares during the period. Inspire Trust Co. N.A. grew its holdings in Starbucks by 5.0% in the 3rd quarter. Inspire Trust Co. N.A. now owns 63,000 shares of the coffee company’s stock valued at $5,919,000 after buying an additional 3,000 shares during the period. Keybank National Association OH grew its holdings in Starbucks by 2.8% in the 3rd quarter. Keybank National Association OH now owns 661,500 shares of the coffee company’s stock valued at $62,155,000 after buying an additional 17,746 shares during the period. Gables Capital Management Inc. grew its holdings in Starbucks by 62.7% in the 3rd quarter. Gables Capital Management Inc. now owns 6,615 shares of the coffee company’s stock valued at $622,000 after buying an additional 2,550 shares during the period. Finally, Gen Wealth Partners Inc increased its stake in shares of Starbucks by 5.8% during the 3rd quarter. Gen Wealth Partners Inc now owns 11,325 shares of the coffee company’s stock valued at $1,064,000 after acquiring an additional 616 shares during the last quarter. 72.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Brady Brewer sold 2,229 shares of the stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $110.00, for a total transaction of $245,190.00. Following the completion of the sale, the chief executive officer owned 68,691 shares of the company’s stock, valued at approximately $7,556,010. This represents a 3.14% decrease in their position. The transaction was disclosed in a document filed 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. In the last three months, insiders sold 6,687 shares of company stock worth $694,874. 0.03% of the stock is currently owned by insiders.

Key Headlines Impacting Starbucks

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Stifel resumed coverage with a Buy rating and a $115 price target, adding a bullish analyst view that helped support the stock’s recent advance. Starbucks rises as Stifel resumes coverage with Buy rating and $115 target
• Positive Sentiment: Starbucks is targeting 18% EPS growth in fiscal 2027, supported by margin expansion and cost savings, as well as an additional fiscal week. If achieved, stronger earnings could offset softer sales. Can SBUX Deliver 18% EPS Growth Despite a 1% Revenue Decline in FY27?
• Positive Sentiment: Starbucks raised its quarterly dividend to $0.63 from $0.62, a modest increase that may appeal to income-focused investors. The dividend implies a 2.3% yield at the cited share price. Starbucks insider trading report and dividend information
• Neutral Sentiment: CEO Brady Brewer sold 2,229 shares under a pre-arranged Rule 10b5-1 trading plan and retained 68,691 shares afterward. The planned sale may be less informative than an unplanned transaction. SEC insider transaction filing
• Negative Sentiment: The fiscal 2027 outlook calls for revenue to decline about 1%, making the targeted EPS growth reliant on cost savings and improved margins rather than sales growth. Execution will be important. Fiscal 2027 EPS and revenue outlook

Analyst Upgrades and Downgrades

SBUX has been the topic of several recent analyst reports. Royal Bank Of Canada reiterated a “sector perform” rating and set a $115.00 price objective (up from $110.00) on shares of Starbucks in a report on Thursday, July 30th. TD Cowen reissued a “buy” rating and issued a $120.00 target price on shares of Starbucks in a research report on Friday, October 30th. Weiss Ratings downgraded shares of Starbucks from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, November 3rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $126.00 target price (up from $120.00) on shares of Starbucks in a report on Thursday, July 30th. Finally, Sanford C. Bernstein lowered shares of Starbucks from an “outperform” rating to a “market perform” rating in a research report on Monday, August 3rd. Twenty-one investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $108.83.

Starbucks Trading Up 0.5%

Shares of Starbucks stock opened at $109.95 on Wednesday. Starbucks Corporation has a twelve month low of $81.97 and a twelve month high of $111.50. The stock has a market capitalization of $125.34 billion, a P/E ratio of 49.75, a PEG ratio of 1.81 and a beta of 1.01. The business’s fifty day moving average price is $99.25 and its 200 day moving average price is $100.18.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Thursday, October 29th. The coffee company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.08. The firm had revenue of $9.14 billion during the quarter, compared to the consensus estimate of $9.22 billion. Starbucks had a negative return on equity of 38.61% and a net margin of 6.66%. The firm’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.52 earnings per share. As a group, sell-side analysts predict that Starbucks Corporation will post 3.22 EPS for the current year.

Starbucks Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Friday, November 13th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, November 13th. This is an increase from Starbucks’s previous quarterly dividend of $0.62. Starbucks’s dividend payout ratio (DPR) is presently 112.22%.

Starbucks Profile

Starbucks Corporation is a global coffee company that roasts, markets and sells coffee and other beverages, along with food and related merchandise. Its offerings include brewed coffee, espresso-based drinks, teas and packaged coffee products. The company serves customers through company-operated and licensed stores, as well as through retail and food-service partnerships. Its stores also sell items such as mugs and coffee-making equipment. Founded in Seattle in 1971, Starbucks operates in North America and international markets, including China.