Starbucks Corporation $SBUX Shares Sold by Callan Family Office LLC

Callan Family Office LLC decreased its stake in shares of Starbucks Corporation (NASDAQ:SBUXFree Report) by 27.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 23,819 shares of the coffee company’s stock after selling 8,823 shares during the quarter. Callan Family Office LLC’s holdings in Starbucks were worth $2,015,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Starbucks by 0.7% in the second quarter. Vanguard Group Inc. now owns 112,861,623 shares of the coffee company’s stock valued at $10,341,511,000 after purchasing an additional 802,053 shares during the period. State Street Corp boosted its stake in Starbucks by 1.2% in the 2nd quarter. State Street Corp now owns 47,513,332 shares of the coffee company’s stock worth $4,353,647,000 after buying an additional 544,534 shares during the last quarter. Geode Capital Management LLC boosted its stake in Starbucks by 0.4% in the 2nd quarter. Geode Capital Management LLC now owns 25,846,634 shares of the coffee company’s stock worth $2,357,815,000 after buying an additional 99,983 shares during the last quarter. Norges Bank purchased a new stake in Starbucks in the 2nd quarter valued at about $1,246,316,000. Finally, Invesco Ltd. increased its stake in shares of Starbucks by 11.2% during the 2nd quarter. Invesco Ltd. now owns 12,757,954 shares of the coffee company’s stock valued at $1,169,011,000 after acquiring an additional 1,286,451 shares during the last quarter. 72.29% of the stock is owned by institutional investors and hedge funds.

Starbucks Price Performance

SBUX opened at $96.97 on Thursday. The stock’s 50 day moving average price is $88.60 and its 200 day moving average price is $87.14. The stock has a market cap of $110.48 billion, a P/E ratio of 80.14, a P/E/G ratio of 2.08 and a beta of 0.96. Starbucks Corporation has a 12 month low of $75.50 and a 12 month high of $117.46.

Starbucks (NASDAQ:SBUXGet Free Report) last posted its quarterly earnings data on Wednesday, January 28th. The coffee company reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.03). Starbucks had a negative return on equity of 28.66% and a net margin of 3.63%.The company had revenue of $9.92 billion during the quarter, compared to analyst estimates of $9.62 billion. During the same period in the previous year, the company earned $0.69 EPS. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. Equities analysts anticipate that Starbucks Corporation will post 2.99 EPS for the current year.

Starbucks Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, February 13th. Starbucks’s dividend payout ratio (DPR) is 204.96%.

Key Stories Impacting Starbucks

Here are the key news stories impacting Starbucks this week:

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on SBUX shares. Bank of America boosted their target price on Starbucks from $106.00 to $114.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. New Street Research set a $90.00 price objective on shares of Starbucks in a report on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $113.00 target price on shares of Starbucks in a research report on Thursday, January 29th. Sanford C. Bernstein restated an “outperform” rating on shares of Starbucks in a research note on Monday, January 26th. Finally, Wall Street Zen upgraded shares of Starbucks from a “sell” rating to a “hold” rating in a research note on Saturday, November 22nd. Eighteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $104.67.

Read Our Latest Analysis on Starbucks

Insider Activity

In other news, Director Jorgen Vig Knudstorp bought 11,700 shares of the business’s stock in a transaction on Monday, November 10th. The shares were bought at an average cost of $85.00 per share, with a total value of $994,500.00. Following the purchase, the director directly owned 53,096 shares in the company, valued at $4,513,160. This trade represents a 28.26% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.03% of the stock is owned by corporate insiders.

Starbucks Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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