Securian Asset Management Inc. Sells 23,981 Shares of Starbucks Corporation $SBUX

Securian Asset Management Inc. trimmed its holdings in Starbucks Corporation (NASDAQ:SBUX) by 43.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,914 shares of the coffee company’s stock after selling 23,981 shares during the period. Securian Asset Management Inc.’s holdings in Starbucks were worth $2,603,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Collier Financial purchased a new position in shares of Starbucks in the third quarter valued at about $25,000. Rachor Investment Advisory Services LLC purchased a new position in shares of Starbucks in the fourth quarter valued at about $25,000. Y.D. More Investments Ltd purchased a new position in shares of Starbucks in the third quarter valued at about $26,000. JPL Wealth Management LLC purchased a new position in shares of Starbucks in the third quarter valued at about $27,000. Finally, Kelleher Financial Advisors purchased a new position in shares of Starbucks in the third quarter valued at about $27,000. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SBUX has been the topic of a number of research analyst reports. BMO Capital Markets reiterated an “outperform” rating and issued a $120.00 target price on shares of Starbucks in a research report on Friday, January 30th. DA Davidson increased their target price on Starbucks from $97.00 to $102.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Citigroup increased their target price on Starbucks from $99.00 to $101.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Starbucks in a research report on Wednesday, March 4th. Finally, TD Cowen reiterated a “hold” rating and set a $106.00 target price (up from $96.00) on shares of Starbucks in a research report on Wednesday, April 29th. Sixteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Starbucks currently has an average rating of “Moderate Buy” and a consensus price target of $107.00.

Insider Buying and Selling

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 transaction, the executive vice president owned 57,653 shares of the company’s stock, valued at approximately $6,053,565. This represents a 3.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Brady Brewer sold 2,229 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $104.81, for a total value of $233,621.49. Following the transaction, the chief executive officer directly owned 81,559 shares in the company, valued at approximately $8,548,198.79. This represents a 2.66% 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. Over the last 90 days, insiders have sold 11,187 shares of company stock worth $1,111,085. Company insiders own 0.03% of the company’s stock.

Starbucks Price Performance

Shares of SBUX stock opened at $105.74 on Tuesday. Starbucks Corporation has a 1 year low of $77.99 and a 1 year high of $108.04. The stock’s 50 day simple moving average is $97.36 and its two-hundred day simple moving average is $91.82. The company has a market cap of $120.51 billion, a PE ratio of 80.11, a price-to-earnings-growth ratio of 2.12 and a beta of 1.01.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data 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. Starbucks had a negative return on equity of 29.24% and a net margin of 3.89%.The business had revenue of $9.53 billion for the quarter, compared to the consensus estimate of $9.17 billion. During the same period in the prior year, the business posted $0.41 earnings per share. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. Equities research analysts expect that Starbucks Corporation will post 2.41 EPS for the current year.

Starbucks Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be given a dividend of $0.62 per share. The ex-dividend date is Friday, May 15th. This represents a $2.48 dividend on an annualized basis and a yield of 2.3%. Starbucks’s dividend payout ratio is 187.88%.

Starbucks Company 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.