Starbucks Corporation $SBUX Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. reduced its holdings in Starbucks Corporation (NASDAQ:SBUX) by 2.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 369,557 shares of the coffee company’s stock after selling 9,382 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Starbucks were worth $31,265,000 at the end of the most recent quarter.

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

Starbucks Stock Performance

NASDAQ SBUX opened at $99.45 on Monday. The business has a fifty day moving average price of $89.04 and a 200 day moving average price of $87.12. The company has a market cap of $113.30 billion, a P/E ratio of 82.19, a P/E/G ratio of 2.22 and a beta of 0.96. Starbucks Corporation has a one year low of $75.50 and a one year high of $117.46.

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

Starbucks Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be issued a $0.62 dividend. The ex-dividend date is Friday, February 13th. This represents a $2.48 dividend on an annualized basis and a yield of 2.5%. Starbucks’s dividend payout ratio is presently 204.96%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Piper Sandler reissued an “overweight” rating and set a $103.00 target price (up from $100.00) on shares of Starbucks in a research note on Friday, January 30th. UBS Group reaffirmed a “neutral” rating on shares of Starbucks in a research note on Friday, January 30th. Guggenheim reissued a “buy” rating and issued a $90.00 price target on shares of Starbucks in a research note on Monday, January 26th. Wells Fargo & Company set a $110.00 price target on shares of Starbucks in a report on Wednesday, January 28th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Starbucks in a research report on Monday, January 26th. Eighteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $104.67.

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.