Starbucks Corporation $SBUX Stock Acquired by Candriam S.C.A.

Candriam S.C.A. raised its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 26.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 193,958 shares of the coffee company’s stock after purchasing an additional 40,466 shares during the period. Candriam S.C.A.’s holdings in Starbucks were worth $18,291,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new position in shares of Starbucks in the 2nd quarter worth about $25,000. Black Cypress Capital Management LLC bought a new position in shares of Starbucks during the 2nd quarter valued at about $27,000. Center for Financial Planning Inc. increased its position in shares of Starbucks by 125.2% during the 3rd quarter. Center for Financial Planning Inc. now owns 295 shares of the coffee company’s stock valued at $28,000 after purchasing an additional 164 shares during the last quarter. John Boyer Inc. purchased a new position in shares of Starbucks during the 3rd quarter valued at about $31,000. Finally, William Mack & Associates Inc. purchased a new position in shares of Starbucks during the 3rd quarter valued at about $31,000. Institutional investors own 72.29% of the company’s stock.

Starbucks Stock Performance

SBUX opened at $105.41 on Monday. Starbucks Corporation has a 12 month low of $81.76 and a 12 month high of $111.50. The business’s 50-day moving average price is $99.15 and its 200-day moving average price is $100.05. The company has a market cap of $120.17 billion, a P/E ratio of 47.70, a P/E/G ratio of 1.74 and a beta of 1.01.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Thursday, October 29th. The coffee company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.08. Starbucks had a negative return on equity of 38.61% and a net margin of 6.66%. The company had revenue of $9.14 billion during the quarter, compared to analysts’ expectations of $9.22 billion. During the same period in the prior year, the business posted $0.52 EPS. Starbucks’s quarterly revenue was down 4.5% compared to the same quarter last year. Equities research analysts forecast that Starbucks Corporation will post 3.22 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. Shareholders of record on Friday, November 13th will be given a $0.63 dividend. The ex-dividend date is Friday, November 13th. This is an increase from Starbucks’s previous quarterly dividend of $0.62. This represents a $2.52 annualized dividend and a yield of 2.4%. Starbucks’s dividend payout ratio is presently 114.03%.

Insiders Place Their Bets

In other news, CEO Brady Brewer sold 588 shares of the stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $100.00, for a total transaction of $58,800.00. Following the completion of the sale, the chief executive officer owned 70,920 shares of the company’s stock, valued at approximately $7,092,000. This represents a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 4,458 shares of company stock valued at $449,684 in the last ninety days. Insiders own 0.03% of the company’s stock.

Key Starbucks News

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: U.S. comparable sales rose 7.7% in fiscal Q4, driven by stronger customer traffic and average tickets—evidence of improving business momentum. Starbucks’ U.S. Comps Jump 7.7%: Can Traffic Momentum Last?
• Neutral Sentiment: UBS raised its price target from $105 to $110, implying 4.4% upside from the cited price, but maintained a “neutral” rating—suggesting measured rather than strong conviction. UBS Group stock recommendations
• Negative Sentiment: Investors may question the durability of the sales rebound: transaction growth is slowing, and store closures contributed to the comparison, potentially making the reported improvement harder to sustain. Starbucks’ U.S. Comps Jump 7.7%: Can Traffic Momentum Last?

Wall Street Analyst Weigh In

A number of analysts recently weighed in on SBUX shares. Seaport Research Partners began coverage on Starbucks in a research report on Wednesday, September 16th. They issued a “neutral” rating for the company. KeyCorp reiterated a “sector weight” rating on shares of Starbucks in a research report on Friday, October 30th. Piper Sandler lifted their price target on shares of Starbucks from $110.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. BMO Capital Markets restated an “outperform” rating on shares of Starbucks in a report on Friday, October 30th. Finally, Citigroup upped their price objective on shares of Starbucks from $104.00 to $107.00 and gave the company a “neutral” rating in a research note on Monday, November 2nd. Twenty-one investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $108.89.

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.